Kohl’s (NYSE:KSS) Downgraded to Neutral Rating by Robert W. Baird

Robert W. Baird cut shares of Kohl’s (NYSE:KSS) from an outperform rating to a neutral rating in a report published on Wednesday morning, Marketbeat reports. Robert W. Baird currently has $18.00 price objective on the stock, down from their previous price objective of $25.00.

Other analysts also recently issued research reports about the stock. Gordon Haskett downgraded 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. Morgan Stanley cut their price target on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 25th. Citigroup reduced their price target on Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $21.00 in a report on Friday, August 30th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price on shares of Kohl’s in a report on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.22.

Kohl’s Price Performance

Kohl’s stock opened at $14.97 on Wednesday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 1.37 and a beta of 1.94. The company has a current ratio of 1.05, a quick ratio of 0.16 and a debt-to-equity ratio of 0.97. Kohl’s has a 12 month low of $14.22 and a 12 month high of $29.60. The stock’s 50 day moving average is $18.63 and its 200-day moving average is $20.57.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 EPS 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 firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. Equities research analysts expect that Kohl’s will post 1.35 EPS for the current year.

Kohl’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.36%. Kohl’s’s payout ratio is currently 90.09%.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

Several hedge funds have recently added to or reduced their stakes in KSS. Pacer Advisors Inc. raised its stake in shares of Kohl’s by 149.3% during the third 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 increased its holdings in Kohl’s by 6,076.8% in 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 period. AQR Capital Management LLC raised its position in 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. FMR LLC lifted its holdings in Kohl’s by 10.8% during the 3rd 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 period. Finally, SG Americas Securities LLC lifted its holdings in Kohl’s by 518.9% during the 2nd quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock worth $19,658,000 after buying an additional 716,919 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.