Kohl’s (NYSE:KSS) Price Target Lowered to $25.00 at Guggenheim

Kohl’s (NYSE:KSS) had its price target cut by Guggenheim from $26.00 to $25.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently commented on KSS. TD Cowen downgraded Kohl’s from a “buy” rating to a “hold” rating and lowered their price target for the company from $25.00 to $21.00 in a report on Friday, August 30th. Robert W. Baird lowered shares of Kohl’s from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $18.00 in a research note on Wednesday. Evercore ISI cut their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Citigroup lowered 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. Finally, Morgan Stanley cut their price objective on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.22.

Kohl’s Stock Up 1.5 %

KSS stock opened at $14.97 on Wednesday. The firm has a market cap of $1.67 billion, a PE ratio of 6.74, a PEG ratio of 1.37 and a beta of 1.94. Kohl’s has a 1 year low of $14.22 and a 1 year high of $29.60. The company has a fifty day simple moving average of $18.63 and a 200 day simple moving average of $20.57. 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 (NYSE:KSS) last announced its quarterly earnings results 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). The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. Kohl’s’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. Sell-side analysts anticipate that Kohl’s will post 1.35 EPS for the current fiscal year.

Kohl’s Announces Dividend

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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.36%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio is presently 90.09%.

Insider Activity at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were 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 $2,636,116.73. The trade was a 10.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kohl’s

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC raised its position in Kohl’s by 23.0% in the first quarter. Tidal Investments LLC now owns 15,942 shares of the company’s stock worth $465,000 after purchasing an additional 2,982 shares in the last quarter. EMC Capital Management lifted its position in shares of Kohl’s by 231.8% during the 1st quarter. EMC Capital Management now owns 7,891 shares of the company’s stock worth $230,000 after buying an additional 5,513 shares during the period. CWM LLC boosted its stake in Kohl’s by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after buying an additional 948 shares in the last quarter. Annex Advisory Services LLC boosted its stake in Kohl’s by 19.5% in the 2nd quarter. Annex Advisory Services LLC now owns 196,637 shares of the company’s stock valued at $4,521,000 after buying an additional 32,034 shares in the last quarter. Finally, Gilman Hill Asset Management LLC grew its position in Kohl’s by 2.4% in the second quarter. Gilman Hill Asset Management LLC now owns 320,070 shares of the company’s stock valued at $7,358,000 after acquiring an additional 7,419 shares during the period. 98.04% of the stock is owned by institutional investors.

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.