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

Shares of Kohl’s Co. (NYSE:KSS) have been given an average recommendation of “Reduce” by the ten analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $17.22.

KSS has been the subject of several recent analyst reports. Citigroup decreased their target price on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Guggenheim cut Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Morgan Stanley reduced their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday, November 25th. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Gordon Haskett downgraded Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a report on Tuesday, November 26th.

Insider Transactions at Kohl’s

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

Institutional Investors Weigh In On Kohl’s

A number of institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. grew its stake in Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after acquiring an additional 917 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after purchasing an additional 1,034 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Kohl’s in the second quarter worth about $49,000. Quest Partners LLC bought a new position in Kohl’s during the third quarter valued at approximately $60,000. Finally, KBC Group NV grew its holdings in Kohl’s by 58.5% during the 4th quarter. KBC Group NV now owns 5,347 shares of the company’s stock valued at $75,000 after buying 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 Stock Down 0.9 %

Shares of Kohl’s stock opened at $13.62 on Friday. Kohl’s has a 1 year low of $12.62 and a 1 year high of $29.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The company has a 50-day moving average of $14.51 and a 200 day moving average of $17.94. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 6.14 and a beta of 1.87.

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

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were given 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 payout ratio is presently 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.