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

Shares of Kohl’s Co. (NYSE:KSS) have received an average rating of “Reduce” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $21.29.

Several equities research analysts have recently weighed in on KSS shares. JPMorgan Chase & Co. cut shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a research report on Thursday, August 29th. TD Cowen lowered shares of Kohl’s from a “buy” rating to a “hold” rating and cut their target price for the stock from $25.00 to $21.00 in a research note on Friday, August 30th. Evercore ISI cut their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Robert W. Baird cut their target price on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, Morgan Stanley lowered shares of Kohl’s to an “underweight” rating and cut their target price for the stock from $18.00 to $17.00 in a research note on Tuesday, August 27th.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the transaction, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KSS. Squarepoint Ops LLC lifted its position in shares of Kohl’s by 6,076.8% during the second quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock valued at $42,175,000 after purchasing an additional 1,804,809 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Kohl’s by 16.4% during the fourth quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock valued at $361,127,000 after purchasing an additional 1,775,024 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Kohl’s by 348.0% during the second quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock valued at $50,118,000 after purchasing an additional 1,694,162 shares in the last quarter. 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 valued at $19,658,000 after purchasing an additional 716,919 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Kohl’s by 26.3% during the second quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock valued at $71,126,000 after purchasing an additional 643,913 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

Kohl’s Trading Down 2.8 %

KSS opened at $20.37 on Wednesday. Kohl’s has a twelve month low of $17.89 and a twelve month high of $29.60. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average of $19.70 and a 200-day moving average of $21.79. The stock has a market cap of $2.27 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.31 and a beta of 1.93.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the prior year, the company posted $0.52 earnings per share. Kohl’s’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, sell-side analysts predict that Kohl’s will post 1.8 EPS for the current year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.82%. The ex-dividend date was Wednesday, September 11th. Kohl’s’s dividend payout ratio (DPR) is 80.65%.

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.