Kohl’s (NYSE:KSS) Stock Price Down 6.8% – Here’s Why

Kohl’s Corporation (NYSE:KSS) dropped 6.8% during trading on Wednesday . The company traded as low as $23.01 and last traded at $23.0220. Approximately 4,307,649 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 9,747,522 shares. The stock had previously closed at $24.71.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KSS shares. Citigroup lifted their target price on Kohl’s from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. The Goldman Sachs Group boosted their price target on Kohl’s from $11.00 to $15.00 and gave the company a “sell” rating in a research note on Wednesday, November 26th. Cowen restated a “hold” rating on shares of Kohl’s in a research report on Wednesday, November 26th. Jefferies Financial Group raised their target price on Kohl’s from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, November 25th. Finally, UBS Group lifted their price target on shares of Kohl’s from $4.50 to $7.00 and gave the company a “sell” rating in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, Kohl’s presently has an average rating of “Reduce” and a consensus price target of $15.18.

Kohl’s Price Performance

The business’s 50-day simple moving average is $17.14 and its two-hundred day simple moving average is $13.47. The company has a current ratio of 1.30, a quick ratio of 0.12 and a debt-to-equity ratio of 0.99. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 13.36 and a beta of 1.45.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.29. Kohl’s had a net margin of 1.23% and a return on equity of 4.30%. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the prior year, the firm earned $0.20 EPS. The business’s revenue was down 3.6% on a year-over-year basis. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. As a group, research analysts expect that Kohl’s Corporation will post 1.3 EPS for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.2%. Kohl’s’s dividend payout ratio (DPR) is currently 29.07%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of Kohl’s by 37.0% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 197,974 shares of the company’s stock valued at $1,649,000 after purchasing an additional 53,518 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Kohl’s in the first quarter valued at approximately $409,000. Charles Schwab Investment Management Inc. lifted its stake in Kohl’s by 11.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,968,634 shares of the company’s stock worth $16,103,000 after purchasing an additional 197,088 shares in the last quarter. Amundi increased its holdings in shares of Kohl’s by 650.5% in the first quarter. Amundi now owns 426,699 shares of the company’s stock worth $3,490,000 after purchasing an additional 369,841 shares during the period. Finally, Public Sector Pension Investment Board grew its position in Kohl’s by 27.4% during the first quarter. Public Sector Pension Investment Board now owns 352,978 shares of the company’s stock worth $2,887,000 after buying an additional 75,858 shares in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

About Kohl’s

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.