Telsey Advisory Group Lowers Kohl’s (NYSE:KSS) Price Target to $17.00

Kohl’s (NYSE:KSS) had its price target decreased by Telsey Advisory Group from $23.00 to $17.00 in a report released on Wednesday, MarketBeat reports. Telsey Advisory Group currently has a market perform rating on the stock.

Several other analysts also recently weighed in on KSS. Evercore ISI lowered their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Morgan Stanley decreased their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday, November 25th. JPMorgan Chase & Co. downgraded Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price for the company. in a report on Thursday, August 29th. TD Cowen downgraded Kohl’s from a “buy” rating to a “hold” rating and decreased their target price for the company from $25.00 to $21.00 in a report on Friday, August 30th. Finally, Gordon Haskett downgraded Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price for the company. in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.22.

Kohl’s Stock Performance

Shares of KSS stock opened at $15.00 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.16 and a current ratio of 1.05. Kohl’s has a fifty-two week low of $14.22 and a fifty-two week high of $29.60. The stock has a 50 day moving average price of $18.63 and a two-hundred day moving average price of $20.61. The company has a market capitalization of $1.67 billion, a P/E ratio of 6.75, a PEG ratio of 1.37 and a beta of 1.94.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. Analysts expect that Kohl’s will post 1.35 earnings per share for the current year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 13.34%. Kohl’s’s dividend payout ratio (DPR) is 90.09%.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the transaction, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kohl’s

A number of institutional investors have recently modified their holdings of KSS. Brown Brothers Harriman & Co. grew its stake in shares of Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after acquiring an additional 917 shares during the last quarter. Security National Bank purchased a new stake in shares of Kohl’s in the second quarter worth $34,000. Farther Finance Advisors LLC grew its stake in shares of Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after acquiring an additional 1,034 shares during the last quarter. CWM LLC grew its stake in shares of Kohl’s by 97.1% in the second quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after acquiring an additional 948 shares during the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Kohl’s in the second quarter worth $49,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

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.