Kohl’s (NYSE:KSS) Given New $25.00 Price Target at Guggenheim

Kohl’s (NYSE:KSS) had its price target reduced by Guggenheim from $26.00 to $25.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently weighed in on KSS. Evercore ISI dropped 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 note on Thursday, August 29th. Telsey Advisory Group dropped their price objective on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday. Citigroup reduced their price objective on Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Morgan Stanley lowered their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 25th. Finally, Robert W. Baird lowered Kohl’s from an “outperform” rating to a “neutral” rating and cut their price target for the company from $25.00 to $18.00 in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Kohl’s currently has an average rating of “Hold” and an average target price of $17.22.

Kohl’s Stock Up 1.5 %

NYSE KSS opened at $14.97 on Wednesday. The stock’s 50 day simple moving average is $18.63 and its 200 day simple moving average is $20.57. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.16. Kohl’s has a one year low of $14.22 and a one year high of $29.60. The firm has a market cap of $1.67 billion, a PE ratio of 6.74, a price-to-earnings-growth ratio of 1.37 and a beta of 1.94.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business 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 company posted $0.53 EPS. Kohl’s’s revenue for the quarter was down 8.5% on a year-over-year basis. As a group, sell-side analysts forecast that Kohl’s will post 1.35 earnings per share for the current fiscal year.

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 annualized dividend and a yield of 13.36%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s payout ratio is 90.09%.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were 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 of the company’s stock, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

A number of large investors have recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in Kohl’s by 14.1% during the third quarter. Signaturefd LLC now owns 3,965 shares of the company’s stock worth $84,000 after acquiring an additional 491 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Kohl’s by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 31,049 shares of the company’s stock valued at $714,000 after purchasing an additional 623 shares in the last quarter. Insight Folios Inc grew its position in shares of Kohl’s by 3.4% in the 3rd quarter. Insight Folios Inc now owns 21,444 shares of the company’s stock valued at $452,000 after purchasing an additional 701 shares during the period. Summit Securities Group LLC increased its stake in Kohl’s by 50.0% during the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock worth $55,000 after purchasing an additional 800 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after buying an additional 917 shares during the period. Institutional investors own 98.04% of the company’s stock.

Kohl’s Company Profile

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.