Kohl’s (NYSE:KSS) Rating Lowered to “Reduce” at Gordon Haskett

Gordon Haskett downgraded shares of Kohl’s (NYSE:KSS) from a hold rating to a reduce rating in a report published on Tuesday morning, Marketbeat reports. Gordon Haskett currently has $11.00 target price on the stock.

Several other equities analysts also recently weighed in on KSS. 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. Evercore ISI dropped their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. Robert W. Baird dropped their price objective on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. 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 research report on Thursday, August 29th. Finally, Citigroup dropped their price objective on Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Kohl’s presently has an average rating of “Hold” and a consensus price target of $17.22.

Kohl’s Price Performance

Shares of NYSE:KSS opened at $14.75 on Tuesday. Kohl’s has a 1-year low of $14.22 and a 1-year high of $29.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. The business has a fifty day moving average price of $18.70 and a 200-day moving average price of $20.68. The company has a market capitalization of $1.64 billion, a PE ratio of 5.78, a PEG ratio of 1.30 and a beta of 1.94.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. Kohl’s’s revenue was down 8.5% compared to the same quarter last year. As a group, equities analysts expect that Kohl’s will post 1.77 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.56%. Kohl’s’s dividend payout ratio is currently 78.43%.

Insider Buying and Selling at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. The trade was a 10.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KSS. Pacer Advisors Inc. grew its stake 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 acquiring an additional 9,925,878 shares during the period. Squarepoint Ops LLC grew its stake in shares of Kohl’s by 6,076.8% during the 2nd quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock valued at $42,175,000 after acquiring an additional 1,804,809 shares during the period. AQR Capital Management LLC grew its stake in shares of Kohl’s by 348.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock valued at $50,118,000 after acquiring an additional 1,694,162 shares during the period. FMR LLC lifted its holdings in Kohl’s by 10.8% in the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after purchasing an additional 740,398 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Kohl’s by 518.9% in the 2nd quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock worth $19,658,000 after purchasing an additional 716,919 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

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.