Kohl’s Co. (NYSE:KSS) Receives $17.22 Consensus Price Target from Analysts

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

Several equities research analysts have weighed in on KSS shares. Robert W. Baird lowered Kohl’s from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $18.00 in a research report on Wednesday, November 27th. Telsey Advisory Group dropped their price objective on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. Morgan Stanley reduced their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 25th. Guggenheim cut shares of Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Finally, TD Cowen cut their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th.

Hedge Funds Weigh In On Kohl’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of Kohl’s by 149.3% during the 3rd 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. Squarepoint Ops LLC boosted its holdings 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 worth $42,175,000 after buying an additional 1,804,809 shares in 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, American Century Companies Inc. increased its holdings in shares of Kohl’s by 26.3% in the second quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock valued at $71,126,000 after buying an additional 643,913 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

Kohl’s Trading Up 1.3 %

NYSE KSS opened at $14.04 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. Kohl’s has a one year low of $13.65 and a one year high of $29.60. The company has a 50-day simple moving average of $16.21 and a 200-day simple moving average of $19.01. The firm has a market capitalization of $1.56 billion, a PE ratio of 6.32, a price-to-earnings-growth ratio of 1.38 and a beta of 1.88.

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). The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, equities analysts forecast that Kohl’s will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.25%. Kohl’s’s dividend payout ratio is presently 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.