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

Shares of Kohl’s Co. (NYSE:KSS) have been given an average rating of “Reduce” by the ten analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $17.22.

Several analysts have recently commented on the company. Baird R W cut Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. TD Cowen decreased their price objective on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. Morgan Stanley lowered their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, November 25th. Guggenheim lowered shares of Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Finally, Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective on the stock. in a research report on Tuesday, November 26th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Franklin Resources Inc. boosted its stake in shares of Kohl’s by 25.6% during the 3rd quarter. Franklin Resources Inc. now owns 45,179 shares of the company’s stock worth $872,000 after acquiring an additional 9,196 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Kohl’s during the third quarter worth approximately $215,000. Geode Capital Management LLC boosted its position in Kohl’s by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock worth $38,541,000 after purchasing an additional 91,608 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Kohl’s during the third quarter valued at approximately $2,694,000. Finally, Whitebox Advisors LLC raised its position in shares of Kohl’s by 19.0% in the third quarter. Whitebox Advisors LLC now owns 62,770 shares of the company’s stock valued at $1,324,000 after purchasing an additional 10,000 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Price Performance

KSS stock opened at $14.04 on Monday. Kohl’s has a one year low of $13.65 and a one year high of $29.60. The firm has a 50-day moving average of $16.21 and a two-hundred day moving average of $19.01. The firm has a market capitalization of $1.56 billion, a PE ratio of 6.32, a P/E/G ratio of 1.38 and a beta of 1.88. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last released its quarterly 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 for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The firm’s revenue was down 8.5% compared to the same quarter last year. On average, analysts forecast that Kohl’s will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 14.25%. The ex-dividend date was Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) 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.