Morgan Stanley Issues Pessimistic Forecast for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its price objective reduced by Morgan Stanley from $10.00 to $8.00 in a research report sent to investors on Wednesday, MarketBeat reports. They currently have an underweight rating on the stock.

A number of other analysts also recently weighed in on KSS. Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Robert W. Baird reduced their price target on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday. TD Cowen decreased their price target on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th. Gordon Haskett cut Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target for the company. in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group lowered their target price on Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a report on Tuesday, March 4th. Six analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.56.

Kohl’s Stock Down 2.4 %

Kohl’s stock opened at $8.02 on Wednesday. The company’s 50-day moving average price is $12.23 and its two-hundred day moving average price is $15.81. 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 $892.33 million, a P/E ratio of 3.61 and a beta of 1.92. Kohl’s has a twelve month low of $7.96 and a twelve month high of $29.60.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.23. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.25 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 earnings per share. As a group, analysts expect that Kohl’s will post 1.3 EPS for the current year.

Kohl’s Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be issued a $0.125 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.50 annualized dividend and a yield of 6.24%. Kohl’s’s payout ratio is 90.09%.

Insider Activity

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the sale, the executive vice president now owns 133,091 shares in the company, valued at $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kohl’s

Several large investors have recently added to or reduced their stakes in KSS. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Kohl’s in the 4th quarter worth $2,978,000. CTC Alternative Strategies Ltd. purchased a new stake in shares of Kohl’s during the 4th quarter worth approximately $168,000. CSS LLC IL bought a new stake in shares of Kohl’s in the 4th quarter worth approximately $163,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Kohl’s by 13.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 428,939 shares of the company’s stock valued at $6,022,000 after purchasing an additional 50,671 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in Kohl’s by 9.3% in the fourth quarter. Vident Advisory LLC now owns 11,421 shares of the company’s stock valued at $160,000 after purchasing an additional 967 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

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.