Telsey Advisory Group Issues Pessimistic Forecast for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its price target trimmed by Telsey Advisory Group from $23.00 to $17.00 in a report published on Wednesday, Marketbeat.com reports. The firm currently has a market perform rating on the stock.

Other analysts also recently issued research reports about the company. TD Cowen downgraded Kohl’s from a “buy” rating to a “hold” rating and decreased their target price for the company from $25.00 to $21.00 in a research note on Friday, August 30th. Morgan Stanley lowered their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, November 25th. Robert W. Baird cut shares of Kohl’s from an “outperform” rating to a “neutral” rating and cut their target price for the company from $25.00 to $18.00 in a research note on Wednesday. Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target on the stock. in a research report on Tuesday, November 26th. Finally, Evercore ISI decreased their target price 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. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Kohl’s currently has an average rating of “Hold” and a consensus target price of $17.22.

Kohl’s Stock Up 1.5 %

KSS opened at $14.97 on Wednesday. Kohl’s has a twelve month low of $14.22 and a twelve month high of $29.60. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.16 and a current ratio of 1.05. The business has a 50 day moving average price of $18.63 and a 200 day moving average price of $20.57. The firm has a market cap of $1.67 billion, a P/E ratio of 6.74, a price-to-earnings-growth ratio of 1.37 and a beta of 1.94.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. 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 1.47% and a return on equity of 6.44%. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the business posted $0.53 earnings per share. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. Research analysts forecast that Kohl’s will post 1.35 EPS for the current year.

Kohl’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors 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 dividend 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 dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. boosted its stake in Kohl’s by 149.3% in the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after purchasing an additional 9,925,878 shares in the last quarter. Squarepoint Ops LLC increased its position 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 in the last quarter. AQR Capital Management LLC raised its stake in shares of Kohl’s by 348.0% in the second 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. FMR LLC raised its stake in shares of Kohl’s by 10.8% in the third quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after acquiring an additional 740,398 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Kohl’s by 518.9% during the second 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 owned by institutional investors and hedge funds.

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.