Kohl’s (NYSE:KSS) Stock Price Down 19.8% – Time to Sell?

Shares of Kohl’s Co. (NYSE:KSS) dropped 19.8% during mid-day trading on Thursday . The company traded as low as $7.03 and last traded at $6.90. Approximately 4,991,971 shares traded hands during trading, a decline of 36% from the average daily volume of 7,851,975 shares. The stock had previously closed at $8.60.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KSS. The Goldman Sachs Group reduced their price target on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a research report on Tuesday, March 4th. Citigroup lowered their price target on Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. JPMorgan Chase & Co. dropped their price target on Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 11th. Bank of America decreased their price objective on Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research report on Wednesday, March 12th. Finally, Morgan Stanley dropped their target price on Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, March 12th. Six research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, Kohl’s currently has a consensus rating of “Hold” and a consensus target price of $11.87.

Kohl’s Trading Down 24.0 %

The company has a fifty day simple moving average of $11.02 and a two-hundred day simple moving average of $14.77. The company has a market capitalization of $728.06 million, a P/E ratio of 2.95 and a beta of 1.92. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm’s revenue was down 9.4% compared to the same quarter last year. During the same period last year, the business earned $1.67 EPS. On average, analysts forecast that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were paid a $0.125 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 7.65%. Kohl’s’s payout ratio is presently 51.02%.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the transaction, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

Several hedge funds have recently added to or reduced their stakes in KSS. Vident Advisory LLC increased its position in Kohl’s by 9.3% in the 4th quarter. Vident Advisory LLC now owns 11,421 shares of the company’s stock worth $160,000 after buying an additional 967 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its stake in Kohl’s by 1.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,124 shares of the company’s stock valued at $830,000 after purchasing an additional 972 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Kohl’s by 7.6% during the 4th quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company’s stock valued at $246,000 after purchasing an additional 1,232 shares during the last quarter. Platinum Investment Management Ltd. boosted its holdings in Kohl’s by 30.7% in the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock valued at $86,000 after purchasing an additional 1,436 shares during the period. Finally, Illinois Municipal Retirement Fund grew its position in Kohl’s by 2.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 59,987 shares of the company’s stock worth $842,000 after purchasing an additional 1,522 shares during the last quarter. 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.