Kohl’s (NYSE:KSS) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Kohl’s (NYSE:KSS) from a buy rating to a hold rating in a report issued on Monday.

KSS has been the topic of several other reports. JPMorgan Chase & Co. upped their target price on Kohl’s from $20.00 to $21.00 and gave the company a neutral rating in a research report on Wednesday, March 13th. TD Cowen upped their target price on Kohl’s from $28.00 to $31.00 and gave the company an outperform rating in a research report on Wednesday, March 13th. Telsey Advisory Group increased their price objective on Kohl’s from $25.00 to $28.00 and gave the company a market perform rating in a report on Wednesday, March 13th. Citigroup cut their price objective on Kohl’s from $27.00 to $24.00 and set a neutral rating on the stock in a report on Wednesday, March 13th. Finally, Morgan Stanley increased their price objective on Kohl’s from $18.00 to $19.00 and gave the company an underweight rating in a report on Thursday, March 21st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $24.20.

Kohl’s Stock Up 2.5 %

Shares of NYSE KSS opened at $29.16 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.20 and a debt-to-equity ratio of 1.11. Kohl’s has a 12 month low of $17.68 and a 12 month high of $29.65. The firm has a market capitalization of $3.23 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 1.42 and a beta of 1.98. The firm has a fifty day simple moving average of $26.92 and a two-hundred day simple moving average of $24.79.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.28 by $0.39. The company had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.80 billion. Kohl’s had a net margin of 1.81% and a return on equity of 8.40%. Kohl’s’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($2.49) EPS. Equities analysts expect that Kohl’s will post 2.32 earnings per share for the current year.

Kohl’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 19th. This represents a $2.00 annualized dividend and a yield of 6.86%. Kohl’s’s dividend payout ratio is currently 70.18%.

Hedge Funds Weigh In On Kohl’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in Kohl’s in the third quarter worth about $25,000. Eagle Bay Advisors LLC bought a new position in Kohl’s in the second quarter worth about $26,000. SkyView Investment Advisors LLC bought a new position in Kohl’s in the first quarter worth about $27,000. Quarry LP lifted its holdings in Kohl’s by 81.1% in the first quarter. Quarry LP now owns 1,326 shares of the company’s stock worth $31,000 after acquiring an additional 594 shares during the last quarter. Finally, CWM LLC lifted its holdings in Kohl’s by 59.7% in the fourth quarter. CWM LLC now owns 1,145 shares of the company’s stock worth $33,000 after acquiring an additional 428 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Kohl’s Company Profile

Kohl's Corporation operates as a 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 Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.