Kohl’s Co. (NYSE:KSS) Given Consensus Recommendation of “Reduce” by Brokerages

Kohl’s Co. (NYSE:KSS) has been given an average recommendation of “Reduce” by the ten brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $17.22.

KSS has been the topic of a number of analyst reports. Robert W. Baird lowered shares of Kohl’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $18.00 in a research note on Wednesday, November 27th. TD Cowen reduced their price objective on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Guggenheim lowered shares of Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Telsey Advisory Group reduced their price objective on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 27th. Finally, Citigroup reduced their price objective on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th.

Kohl’s Trading Up 0.2 %

Shares of NYSE KSS opened at $13.57 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. Kohl’s has a 52-week low of $12.62 and a 52-week high of $29.60. The firm has a 50 day moving average price of $14.43 and a two-hundred day moving average price of $17.85. The stock has a market cap of $1.51 billion, a P/E ratio of 6.11 and a beta of 1.87.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) 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 business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the company posted $0.53 earnings per share. The company’s revenue was down 8.5% compared to the same quarter last year. As a group, equities analysts forecast that Kohl’s will post 1.31 EPS for the current year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 annualized dividend and a yield of 14.73%. Kohl’s’s payout ratio is 90.09%.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the transaction, the executive vice president now owns 133,091 shares in the company, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

Institutional investors and hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. raised its holdings 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 valued at $30,000 after purchasing an additional 917 shares during the last quarter. Farther Finance Advisors LLC raised its holdings 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 valued at $40,000 after purchasing an additional 1,034 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Kohl’s in the second quarter valued at about $49,000. Quest Partners LLC purchased a new stake in shares of Kohl’s in the third quarter valued at about $60,000. Finally, KBC Group NV raised its holdings in shares of Kohl’s by 58.5% in the fourth quarter. KBC Group NV now owns 5,347 shares of the company’s stock valued at $75,000 after purchasing an additional 1,974 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

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.