Kohl’s Co. (NYSE:KSS) Receives $21.29 Consensus PT from Brokerages

Kohl’s Co. (NYSE:KSS) has received an average rating of “Reduce” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $21.29.

KSS has been the subject of a number of research analyst reports. Evercore ISI cut their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Robert W. Baird cut their price objective on Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Morgan Stanley downgraded Kohl’s to an “underweight” rating and lowered their target price for the company from $18.00 to $17.00 in a report on Tuesday, August 27th. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target for the company. in a research report on Thursday, August 29th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research note on Wednesday, August 28th.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction on 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 sale, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Kohl’s

Hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC increased its holdings in Kohl’s by 6,076.8% in 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 last quarter. Vanguard Group Inc. grew its holdings in Kohl’s by 16.4% during the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock valued at $361,127,000 after buying an additional 1,775,024 shares in the last quarter. AQR Capital Management LLC increased its stake in Kohl’s by 348.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after acquiring an additional 1,694,162 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Kohl’s by 518.9% during the 2nd quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock worth $19,658,000 after acquiring an additional 716,919 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Kohl’s by 26.3% during the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock valued at $71,126,000 after acquiring an additional 643,913 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Price Performance

Shares of NYSE KSS opened at $20.80 on Wednesday. The firm has a market cap of $2.31 billion, a P/E ratio of 8.39, a PEG ratio of 1.31 and a beta of 1.93. Kohl’s has a twelve month low of $17.89 and a twelve month high of $29.60. 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 company has a 50 day moving average of $19.65 and a 200 day moving average of $21.94.

Kohl’s (NYSE:KSS) last posted its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, research analysts expect that Kohl’s will post 1.8 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 9.62%. The ex-dividend date of this dividend was Wednesday, September 11th. Kohl’s’s payout ratio is 80.65%.

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.