TD Cowen Issues Pessimistic Forecast for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its price target cut by TD Cowen from $20.00 to $16.00 in a research note published on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

Other equities research analysts have also recently issued reports about the company. Telsey Advisory Group dropped their target price on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a report on Thursday, August 29th. Robert W. Baird cut Kohl’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $25.00 to $18.00 in a report on Wednesday. Guggenheim dropped their price objective on Kohl’s from $26.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Citigroup dropped their price objective on Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kohl’s currently has a consensus rating of “Hold” and an average price target of $17.22.

Kohl’s Price Performance

Shares of NYSE KSS opened at $14.74 on Wednesday. The stock’s 50-day simple moving average is $18.78 and its two-hundred day simple moving average is $20.73. Kohl’s has a twelve month low of $14.22 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 firm has a market capitalization of $1.64 billion, a P/E ratio of 5.78, a P/E/G ratio of 1.30 and a beta of 1.94.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company’s revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. As a group, equities analysts anticipate that Kohl’s will post 1.77 EPS for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 13.57%. Kohl’s’s dividend payout ratio (DPR) is presently 78.43%.

Insider Buying and Selling

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the sale, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.86% of the stock is owned by insiders.

Hedge Funds Weigh In On Kohl’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its stake in shares of Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after buying an additional 917 shares during the last quarter. Security National Bank acquired a new stake in Kohl’s in the 2nd quarter worth about $34,000. Farther Finance Advisors LLC lifted its stake in Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after purchasing an additional 1,034 shares in the last quarter. CWM LLC lifted its stake in Kohl’s by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after purchasing an additional 948 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in Kohl’s in the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

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.