Kohl’s (NYSE:KSS) Price Target Cut to $5.00 by Analysts at UBS Group

Kohl’s (NYSE:KSS) had its target price cut by UBS Group from $10.00 to $5.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a sell rating on the stock.

Other analysts also recently issued research reports about the company. Morgan Stanley dropped their price target on Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group dropped their price target on Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. dropped their price target on Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Jefferies Financial Group dropped their price target on Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.56.

Kohl’s Stock Down 6.5 %

Shares of KSS stock opened at $8.56 on Wednesday. Kohl’s has a 1-year low of $8.28 and a 1-year high of $29.60. The stock’s fifty day moving average price is $12.47 and its 200 day moving average price is $15.95. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The company has a market cap of $952.33 million, a price-to-earnings ratio of 3.85 and a beta of 1.92.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the previous year, the business earned $1.67 EPS. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. On average, research analysts expect that Kohl’s will post 1.3 earnings per share for the current fiscal year.

Kohl’s Cuts Dividend

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

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the transaction, the executive vice president now owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kohl’s

A number of large investors have recently bought and sold shares of KSS. Pacer Advisors Inc. raised its holdings in Kohl’s by 149.3% in the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after purchasing an additional 9,925,878 shares during the period. Marshall Wace LLP acquired a new position in Kohl’s in the 4th quarter worth about $19,874,000. Gate City Capital Management LLC acquired a new position in Kohl’s in the 4th quarter worth about $12,773,000. FMR LLC raised its holdings in Kohl’s by 10.8% in the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after purchasing an additional 740,398 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Kohl’s during the fourth quarter valued at approximately $8,778,000. 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.