Kohl’s (NYSE:KSS) Rating Increased to Strong Sell at Barclays

Barclays upgraded shares of Kohl’s (NYSE:KSS) to a strong sell rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on KSS. UBS Group lowered their price objective on Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a research report on Wednesday, March 12th. Robert W. Baird lowered their price objective on Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. The Goldman Sachs Group lowered their price objective on Kohl’s from $7.50 to $4.00 and set a “sell” rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price objective on Kohl’s from $9.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday, April 14th. Finally, Bank of America lowered 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. Seven analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.64.

Kohl’s Price Performance

Shares of NYSE KSS opened at $6.96 on Monday. The stock’s 50-day moving average is $8.68 and its two-hundred day moving average is $12.99. 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 has a 1-year low of $6.04 and a 1-year high of $28.25. The company has a market cap of $774.82 million, a price-to-earnings ratio of 3.14 and a beta of 1.65.

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

Kohl’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 7.18%. Kohl’s’s payout ratio is 51.02%.

Institutional Trading of Kohl’s

Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in shares of Kohl’s during the 4th quarter worth approximately $26,000. Bogart Wealth LLC purchased a new position in shares of Kohl’s during the 4th quarter worth approximately $35,000. State of Wyoming purchased a new position in shares of Kohl’s during the 4th quarter worth approximately $35,000. Versant Capital Management Inc raised its stake in shares of Kohl’s by 3,022.6% during the 1st quarter. Versant Capital Management Inc now owns 6,089 shares of the company’s stock worth $50,000 after buying an additional 5,894 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Kohl’s by 360.2% during the 1st quarter. GAMMA Investing LLC now owns 6,456 shares of the company’s stock worth $53,000 after buying an additional 5,053 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

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.