Kohl’s (NYSE:KSS) Price Target Lowered to $15.00 at Morgan Stanley

Kohl’s (NYSE:KSS) had its price target lowered by Morgan Stanley from $17.00 to $15.00 in a research note issued to investors on Monday. Morgan Stanley currently has an underweight rating on the stock.

A number of other brokerages also recently commented on KSS. Evercore ISI decreased their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a research report on Thursday, August 29th. Robert W. Baird reduced their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. TD Cowen cut shares of Kohl’s from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $25.00 to $21.00 in a report on Friday, August 30th. Finally, Citigroup reduced their target price on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.14.

Kohl’s Price Performance

Shares of NYSE KSS opened at $18.34 on Monday. The business has a 50 day simple moving average of $18.93 and a 200-day simple moving average of $20.83. Kohl’s has a twelve month low of $16.12 and a twelve month high of $29.60. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 7.19, a price-to-earnings-growth ratio of 1.20 and a beta of 1.94. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98.

Kohl’s (NYSE:KSS) last released its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, equities research analysts expect that Kohl’s will post 1.77 earnings per share for the current year.

Kohl’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be paid 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 yield of 10.91%. Kohl’s’s payout ratio is 78.43%.

Insider Transactions at Kohl’s

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Pacer Advisors Inc. lifted 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 valued at $349,671,000 after acquiring an additional 9,925,878 shares during the last quarter. Squarepoint Ops LLC lifted its stake in Kohl’s by 6,076.8% during the second quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock valued at $42,175,000 after purchasing an additional 1,804,809 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Kohl’s by 348.0% during the second quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after buying an additional 1,694,162 shares in the last quarter. FMR LLC grew its position in Kohl’s by 10.8% in the third quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after buying an additional 740,398 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Kohl’s by 518.9% in the second quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock valued at $19,658,000 after buying an additional 716,919 shares in the last quarter. Institutional investors 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.