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

Shares of Kohl’s Co. (NYSE:KSS) have been given an average rating of “Reduce” by the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $11.71.

Several equities analysts have issued reports on the company. Citigroup cut their price objective on Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. UBS Group cut their price target on Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a report on Wednesday, March 12th. The Goldman Sachs Group decreased their price objective on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a report on Tuesday, March 4th. Jefferies Financial Group dropped their target price on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Finally, Robert W. Baird decreased their price target on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th.

Institutional Investors Weigh In On Kohl’s

Large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in Kohl’s in the 4th quarter valued at $26,000. Bogart Wealth LLC acquired a new stake in Kohl’s in the 4th quarter worth about $35,000. State of Wyoming bought a new stake in Kohl’s in the 4th quarter valued at about $35,000. Versant Capital Management Inc grew its position in shares of Kohl’s by 3,022.6% during the 1st quarter. Versant Capital Management Inc now owns 6,089 shares of the company’s stock worth $50,000 after purchasing an additional 5,894 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Kohl’s by 360.2% during the first quarter. GAMMA Investing LLC now owns 6,456 shares of the company’s stock worth $53,000 after purchasing an additional 5,053 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Stock Performance

Shares of NYSE:KSS opened at $6.26 on Wednesday. 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 business’s fifty day moving average price is $9.59 and its two-hundred day moving average price is $13.84. Kohl’s has a fifty-two week low of $6.04 and a fifty-two week high of $28.25. The stock has a market capitalization of $697.33 million, a price-to-earnings ratio of 2.82 and a beta of 1.65.

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

Kohl’s Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 7.98%. The ex-dividend date of this dividend was Friday, March 21st. Kohl’s’s dividend payout ratio (DPR) is presently 51.02%.

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.