Brokerages Set Kohl’s Co. (NYSE:KSS) PT at $17.22

Shares of Kohl’s Co. (NYSE:KSS) have earned a consensus rating of “Reduce” from the ten analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $17.22.

KSS has been the subject of a number of analyst reports. Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. TD Cowen cut 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 downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a research note on Tuesday, November 26th. Finally, Citigroup cut their target price on Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the sale, the executive vice president now owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kohl’s

Institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd boosted 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 acquiring an additional 40,238 shares in the last quarter. Pacer Advisors Inc. boosted its position in 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 position in Kohl’s in the third quarter valued at about $735,000. Y Intercept Hong Kong Ltd bought a new position in Kohl’s in the third quarter worth about $2,694,000. Finally, Victory Capital Management Inc. lifted its position in shares of 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. 98.04% of the stock is owned by hedge funds and other institutional investors.

Kohl’s Stock Down 0.9 %

Shares of NYSE KSS opened at $13.62 on Friday. 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 has a 12-month low of $12.62 and a 12-month high of $29.60. The firm’s 50-day moving average price is $14.51 and its 200-day moving average price is $17.94. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 6.14 and a beta of 1.87.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. On average, equities research analysts anticipate that Kohl’s will post 1.31 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were paid a $0.50 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 annualized dividend and a yield of 14.68%. Kohl’s’s dividend payout ratio (DPR) is currently 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.