Kohl’s (NYSE:KSS) Hits New 12-Month Low After Analyst Downgrade

Shares of Kohl’s Co. (NYSE:KSS) reached a new 52-week low on Tuesday after UBS Group lowered their price target on the stock from $10.00 to $5.00. UBS Group currently has a sell rating on the stock. Kohl’s traded as low as $9.88 and last traded at $10.12, with a volume of 7207929 shares traded. The stock had previously closed at $12.05.

A number of other equities research analysts have also issued reports on KSS. Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group reduced their target price on Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a report on Tuesday, March 4th. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a report on Tuesday, November 26th. Finally, Morgan Stanley dropped their price objective on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday. Six investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, Kohl’s currently has a consensus rating of “Hold” and a consensus price target of $12.56.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

A number of institutional investors and hedge funds have recently modified their holdings of KSS. US Bancorp DE lifted its holdings in shares of Kohl’s by 15.0% during the third quarter. US Bancorp DE now owns 15,239 shares of the company’s stock valued at $322,000 after purchasing an additional 1,987 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after acquiring an additional 1,034 shares during the period. Axxcess Wealth Management LLC boosted its stake in Kohl’s by 11.7% in the 3rd quarter. Axxcess Wealth Management LLC now owns 18,115 shares of the company’s stock worth $382,000 after purchasing an additional 1,898 shares during the period. State of New Jersey Common Pension Fund D raised its stake in 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 valued at $2,106,000 after purchasing an additional 31,577 shares during the period. Finally, Entropy Technologies LP grew its holdings in shares of Kohl’s by 511.0% during the third quarter. Entropy Technologies LP now owns 64,691 shares of the company’s stock valued at $1,365,000 after buying an additional 54,103 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Stock Performance

The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The firm has a 50 day moving average of $12.47 and a 200-day moving average of $15.95. The stock has a market capitalization of $952.33 million, a PE ratio of 3.85 and a beta of 1.92.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same period last year, the company posted $1.67 earnings per share. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. Research analysts forecast that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date is Friday, March 21st. Kohl’s’s dividend payout ratio is 90.09%.

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.