Kohl’s (NYSE:KSS) Hits New 1-Year Low – What’s Next?

Shares of Kohl’s Co. (NYSE:KSS) hit a new 52-week low on Monday . The stock traded as low as $12.61 and last traded at $12.75, with a volume of 144973 shares trading hands. The stock had previously closed at $13.21.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KSS. Robert W. Baird lowered Kohl’s from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $18.00 in a report on Wednesday, November 27th. Gordon Haskett cut Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price on the stock. in a report on Tuesday, November 26th. Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. Telsey Advisory Group dropped their target price on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 27th. Finally, Baird R W cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.70.

Kohl’s Trading Up 1.7 %

The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 5.94 and a beta of 1.85. The company has a fifty day moving average price of $14.05 and a 200-day moving average price of $17.53.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, equities research analysts predict that Kohl’s Co. will post 1.31 EPS for the current year.

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 15.16%. The ex-dividend date of this dividend was Wednesday, December 11th. Kohl’s’s dividend payout ratio is currently 90.09%.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’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 sale, the executive vice president now owns 133,091 shares in the company, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kohl’s

Several hedge funds and other institutional investors have recently modified their holdings of KSS. Axiom Advisory LLC grew its stake in shares of Kohl’s by 13.1% in the third quarter. Axiom Advisory LLC now owns 14,552 shares of the company’s stock worth $297,000 after acquiring an additional 1,680 shares during the last quarter. CWM LLC grew its stake in shares of Kohl’s by 590.5% in the third quarter. CWM LLC now owns 13,286 shares of the company’s stock worth $280,000 after acquiring an additional 11,362 shares during the last quarter. Annex Advisory Services LLC grew its stake in shares of Kohl’s by 2.1% in the third quarter. Annex Advisory Services LLC now owns 200,789 shares of the company’s stock worth $4,237,000 after acquiring an additional 4,152 shares during the last quarter. Gilman Hill Asset Management LLC grew its stake in shares of Kohl’s by 4.3% in the third quarter. Gilman Hill Asset Management LLC now owns 333,786 shares of the company’s stock worth $7,043,000 after acquiring an additional 13,716 shares during the last quarter. Finally, Paragon Capital Management Inc. acquired a new stake in shares of Kohl’s in the third quarter worth $1,801,000. Institutional investors and hedge funds 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.