Kohl’s (NYSE:KSS) Given New $18.00 Price Target at Citigroup

Kohl’s (NYSE:KSS) had its price target lowered by Citigroup from $19.00 to $18.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also recently commented on the company. Robert W. Baird cut their target price on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a research report on Thursday, August 29th. Evercore ISI lowered their price target on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price objective on shares of Kohl’s in a research note on Wednesday, August 28th. Finally, Morgan Stanley downgraded Kohl’s to an “underweight” rating and lowered their target price for the company from $18.00 to $17.00 in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Kohl’s has an average rating of “Hold” and an average price target of $20.43.

Kohl’s Price Performance

Shares of KSS opened at $16.32 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The firm has a market capitalization of $1.81 billion, a PE ratio of 6.47, a P/E/G ratio of 1.24 and a beta of 1.94. The stock has a 50 day simple moving average of $19.11 and a 200 day simple moving average of $21.03. Kohl’s has a 52-week low of $16.24 and a 52-week high of $29.60.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.13. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Sell-side analysts predict that Kohl’s will post 1.81 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.26%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s payout ratio is presently 78.43%.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the transaction, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. This represents a 10.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

Hedge funds and other institutional investors have recently modified their holdings of the company. Hexagon Capital Partners LLC raised its position in shares of Kohl’s by 49.9% in the second quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock valued at $88,000 after buying an additional 1,281 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Kohl’s by 22.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 265,310 shares of the company’s stock valued at $7,787,000 after acquiring an additional 49,209 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc raised its holdings in Kohl’s by 100.0% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock valued at $1,839,000 after acquiring an additional 40,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Kohl’s by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock valued at $147,923,000 after acquiring an additional 52,126 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Kohl’s by 46.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 99,828 shares of the company’s stock worth $2,106,000 after purchasing an additional 31,577 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Company Profile

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.