Kohl’s (NYSE:KSS) Trading Down 6.3% on Analyst Downgrade

Kohl’s Co. (NYSE:KSS)’s share price dropped 6.3% during mid-day trading on Wednesday after Bank of America lowered their price target on the stock from $15.00 to $8.00. Bank of America currently has an underperform rating on the stock. Kohl’s traded as low as $8.55 and last traded at $8.58. Approximately 3,721,139 shares traded hands during trading, a decline of 57% from the average daily volume of 8,556,530 shares. The stock had previously closed at $9.15.

Other equities research analysts have also issued reports about the stock. Guggenheim lowered shares of Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target on the stock. in a report on Tuesday, November 26th. Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Morgan Stanley decreased their price target on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday. Finally, Citigroup cut their target price on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.19.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 133,091 shares in the company, valued at $1,869,928.55. This represents a 2.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

Institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its holdings in Kohl’s by 183.8% during 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. SBI Securities Co. Ltd. purchased a new stake in Kohl’s during the fourth quarter valued at about $26,000. Farther Finance Advisors LLC lifted 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 valued at $40,000 after purchasing an additional 1,034 shares during the last quarter. State of Wyoming purchased a new stake in Kohl’s during the fourth quarter valued at about $35,000. Finally, Bogart Wealth LLC purchased a new stake in Kohl’s during the fourth quarter valued at about $35,000. Institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Performance

The firm has a market capitalization of $943.09 million, a PE ratio of 3.86 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. The company’s fifty day simple moving average is $12.58 and its 200 day simple moving average is $16.00.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (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 the consensus estimate of $5.25 billion. During the same period in the prior year, the firm posted $1.67 earnings per share. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. As a group, equities research analysts expect that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.90%. Kohl’s’s dividend payout ratio (DPR) is 90.09%.

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.