Kohl’s Co. (NYSE:KSS) Given Consensus Rating of “Reduce” by Brokerages

Kohl’s Co. (NYSE:KSS) has earned a consensus rating of “Reduce” from the fourteen research firms that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $12.10.

KSS has been the topic of a number of research reports. Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price on the stock. in a research report on Tuesday, November 26th. UBS Group cut their target price on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research report on Wednesday, March 12th. Telsey Advisory Group restated a “market perform” rating and set a $13.00 target price on shares of Kohl’s in a research report on Tuesday, March 11th. Baird R W downgraded shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group cut their target price on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th.

Kohl’s Stock Up 4.3 %

Shares of NYSE:KSS opened at $8.69 on Friday. Kohl’s has a 12 month low of $7.96 and a 12 month high of $29.60. The company’s 50-day moving average price is $11.91 and its two-hundred day moving average price is $15.55. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The firm has a market cap of $966.91 million, a P/E ratio of 3.91 and a beta of 1.92.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The company’s revenue was down 9.4% on a year-over-year basis. As a group, research analysts forecast that Kohl’s will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 annualized dividend and a yield of 5.76%. Kohl’s’s dividend payout ratio (DPR) is currently 51.02%.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now directly owns 133,091 shares in the company, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

A number of hedge funds and other institutional investors have recently made changes to their positions in KSS. SBI Securities Co. Ltd. acquired a new stake in shares of Kohl’s in the fourth quarter valued at approximately $26,000. Brown Brothers Harriman & Co. raised its holdings in shares of Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after purchasing an additional 917 shares during the last quarter. Bogart Wealth LLC acquired a new stake in shares of Kohl’s in the fourth quarter valued at approximately $35,000. State of Wyoming acquired a new position in Kohl’s during the fourth quarter worth $35,000. Finally, Farther Finance Advisors LLC increased its holdings in Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after buying an additional 1,034 shares during the last quarter. 98.04% of the stock is currently 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.