Kohl’s (NYSE:KSS) Sets New 1-Year Low After Earnings Miss

Shares of Kohl’s Co. (NYSE:KSS) reached a new 52-week low during mid-day trading on Tuesday following a dissappointing earnings announcement. The stock traded as low as $14.53 and last traded at $14.62, with a volume of 8607233 shares changing hands. The stock had previously closed at $18.34.

The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter last year, the company earned $0.53 earnings per share. Kohl’s’s revenue for the quarter was down 8.5% on a year-over-year basis.

Kohl’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.13%. The ex-dividend date is Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is presently 78.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KSS. Evercore ISI dropped their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target on shares of Kohl’s in a report on Wednesday, August 28th. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a report on Thursday, August 29th. Robert W. Baird lowered their price objective on Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, Morgan Stanley reduced 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. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Kohl’s currently has a consensus rating of “Hold” and an average target price of $19.00.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the transaction, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. The trade was a 10.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.86% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KSS. Acadian Asset Management LLC raised its stake in shares of Kohl’s by 626.4% in the first quarter. Acadian Asset Management LLC now owns 5,063 shares of the company’s stock valued at $147,000 after acquiring an additional 4,366 shares in the last quarter. Tidal Investments LLC raised its position in Kohl’s by 23.0% in the 1st quarter. Tidal Investments LLC now owns 15,942 shares of the company’s stock valued at $465,000 after purchasing an additional 2,982 shares in the last quarter. Hancock Whitney Corp purchased a new position in shares of Kohl’s in the 1st quarter valued at about $1,708,000. EMC Capital Management grew its position in shares of Kohl’s by 231.8% during the first quarter. EMC Capital Management now owns 7,891 shares of the company’s stock worth $230,000 after buying an additional 5,513 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Kohl’s by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after buying an additional 948 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Down 16.9 %

The company’s fifty day moving average is $18.86 and its two-hundred day moving average is $20.77. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 1.20 and a beta of 1.94.

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.