Telsey Advisory Group Reaffirms “Market Perform” Rating for Kohl’s (NYSE:KSS)

Telsey Advisory Group reaffirmed their market perform rating on shares of Kohl’s (NYSE:KSS) in a research note published on Tuesday,Benzinga reports. Telsey Advisory Group currently has a $10.00 target price on the stock.

KSS has been the subject of a number of other research reports. Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. UBS Group lowered their price target on Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a report on Wednesday, March 12th. Bank of America dropped their price objective on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, March 12th. Citigroup decreased their target price on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Finally, Robert W. Baird dropped their price target on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Six equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.87.

Kohl’s Price Performance

NYSE:KSS opened at $8.27 on Tuesday. Kohl’s has a 12-month low of $7.96 and a 12-month high of $28.77. The firm has a market cap of $920.09 million, a price-to-earnings ratio of 3.72 and a beta of 1.92. The company’s 50-day moving average is $11.11 and its two-hundred day moving average is $14.81. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

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

Kohl’s Cuts Dividend

The firm 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 dividend of $0.125 per share. The ex-dividend date is Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 6.05%. Kohl’s’s payout ratio is 51.02%.

Insider Activity at Kohl’s

In related 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 transaction, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.86% of the stock is owned by insiders.

Institutional Trading of Kohl’s

A number of hedge funds have recently made changes to their positions in KSS. SBI Securities Co. Ltd. acquired a new stake in Kohl’s during the 4th quarter valued at $26,000. State of Wyoming acquired a new stake in shares of Kohl’s during the fourth quarter valued at about $35,000. Bogart Wealth LLC purchased a new stake in shares of Kohl’s during the fourth quarter worth about $35,000. Quarry LP increased its position in shares of Kohl’s by 687.4% during the third quarter. Quarry LP now owns 4,858 shares of the company’s stock worth $103,000 after acquiring an additional 4,241 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Kohl’s by 58.5% in the fourth quarter. KBC Group NV now owns 5,347 shares of the company’s stock worth $75,000 after acquiring an additional 1,974 shares in the last quarter. Hedge funds and other 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.