Kohl’s (NYSE:KSS) Hits New 52-Week Low – What’s Next?

Shares of Kohl’s Co. (NYSE:KSS) hit a new 52-week low during trading on Monday . The company traded as low as $13.77 and last traded at $13.78, with a volume of 1697167 shares. The stock had previously closed at $14.36.

Wall Street Analyst Weigh In

KSS has been the subject of a number of research reports. Guggenheim lowered shares of Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Morgan Stanley dropped their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday, November 25th. Citigroup cut their price objective on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Baird R W lowered Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price for the company. in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.22.

Kohl’s Stock Performance

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 stock has a market cap of $1.53 billion, a P/E ratio of 6.20, a PEG ratio of 1.38 and a beta of 1.88. The business has a 50 day moving average price of $16.59 and a 200 day moving average price of $19.16.

Kohl’s (NYSE:KSS) last issued its earnings results 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 return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the company earned $0.53 earnings per share. Kohl’s’s revenue was down 8.5% on a year-over-year basis. As a group, sell-side analysts expect that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 14.53%. The ex-dividend date was Wednesday, December 11th. Kohl’s’s payout ratio is 90.09%.

Insider Activity

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

Large investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. raised its position in Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after acquiring an additional 917 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after acquiring an additional 1,034 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Kohl’s during the second quarter worth about $49,000. Quest Partners LLC purchased a new position in Kohl’s in the 3rd quarter valued at about $60,000. Finally, Blue Trust Inc. increased its stake in Kohl’s by 1,756.0% during the 3rd quarter. Blue Trust Inc. now owns 3,842 shares of the company’s stock worth $88,000 after buying an additional 3,635 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

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.