Kohl’s (NYSE:KSS) Sets New 52-Week Low – Should You Sell?

Kohl’s Co. (NYSE:KSS)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $13.81 and last traded at $13.89, with a volume of 6357285 shares. The stock had previously closed at $14.25.

Analyst Upgrades and Downgrades

KSS has been the subject of several analyst reports. Telsey Advisory Group decreased their price objective on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, November 27th. Baird R W downgraded shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Gordon Haskett cut 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. Guggenheim cut Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Finally, Robert W. Baird lowered Kohl’s from an “outperform” rating to a “neutral” rating and cut their price target for the company from $25.00 to $18.00 in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.22.

Kohl’s Price Performance

The stock’s 50-day moving average is $17.25 and its two-hundred day moving average is $19.56. 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 stock has a market cap of $1.58 billion, a PE ratio of 6.38, a PEG ratio of 1.42 and a beta of 1.88.

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 analysts’ consensus estimates 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 firm posted $0.53 EPS. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, equities analysts predict that Kohl’s Co. will post 1.3 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. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 14.11%. Kohl’s’s dividend payout ratio (DPR) is currently 90.09%.

Insider Activity

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. This trade represents a 10.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

Several institutional investors have recently made changes to their positions in KSS. Pacer Advisors Inc. boosted its position in shares of 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 buying an additional 9,925,878 shares in the last quarter. FMR LLC lifted its holdings in shares of Kohl’s by 10.8% in the third quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after purchasing an additional 740,398 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Kohl’s by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock valued at $147,923,000 after purchasing an additional 52,126 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Kohl’s by 26.3% during the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock worth $71,126,000 after purchasing an additional 643,913 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Kohl’s by 348.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after purchasing an additional 1,694,162 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

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.