Analysts Set Kohl’s Co. (NYSE:KSS) Target Price at $17.22

Shares of Kohl’s Co. (NYSE:KSS) have been given a consensus rating of “Reduce” by the ten research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $17.22.

A number of research firms have recently issued reports on KSS. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a report on Thursday, August 29th. Baird R W cut Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Evercore ISI decreased their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Telsey Advisory Group cut their target price on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Finally, Citigroup decreased their price target on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th.

Insider Buying and Selling

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’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 completion of the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is owned by insiders.

Institutional Investors Weigh In On Kohl’s

Several hedge funds have recently made changes to their positions in KSS. Pacer Advisors Inc. increased 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 purchasing an additional 9,925,878 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Kohl’s in the 3rd quarter worth approximately $735,000. Quadrature Capital Ltd increased its position in Kohl’s by 151.8% during the 3rd quarter. Quadrature Capital Ltd now owns 66,744 shares of the company’s stock valued at $1,408,000 after buying an additional 40,238 shares in the last quarter. Victory Capital Management Inc. raised its stake in Kohl’s by 226.4% during the third quarter. Victory Capital Management Inc. now owns 137,531 shares of the company’s stock valued at $2,902,000 after buying an additional 95,398 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in Kohl’s by 49.9% in the second quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock worth $88,000 after acquiring an additional 1,281 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Kohl’s Trading Down 0.5 %

Shares of KSS opened at $15.31 on Thursday. Kohl’s has a twelve month low of $14.22 and a twelve month high of $29.60. The stock has a market cap of $1.70 billion, a PE ratio of 6.90, a P/E/G ratio of 1.47 and a beta of 1.88. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The business’s 50-day moving average price is $18.17 and its 200-day moving average price is $20.20.

Kohl’s (NYSE:KSS) last posted its 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 firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business’s revenue was down 8.5% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. On average, equities analysts forecast that Kohl’s will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

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 paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 13.06%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is 90.09%.

About Kohl’s

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.