Kohl’s Co. (NYSE:KSS) Receives Consensus Rating of “Reduce” from Brokerages

Kohl’s Co. (NYSE:KSS) has been assigned a consensus rating of “Reduce” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $17.22.

KSS has been the topic of a number of analyst reports. Citigroup cut their price objective 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. Guggenheim downgraded shares of Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective on the stock. in a research report on Tuesday, November 26th. Telsey Advisory Group cut their price objective 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 downgraded shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th.

Kohl’s Trading Up 1.9 %

NYSE KSS opened at $13.46 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 6.06 and a beta of 1.87. The company’s 50-day simple moving average is $14.30 and its two-hundred day simple moving average is $17.75. Kohl’s has a one year low of $12.62 and a one year high of $29.60.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. Equities analysts forecast that Kohl’s will post 1.31 EPS for the current fiscal year.

Kohl’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 14.86%. The ex-dividend date of this dividend was Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is presently 90.09%.

Insider Buying and Selling

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the sale, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.86% of the stock is owned by company insiders.

Institutional Trading of Kohl’s

Several institutional investors and hedge funds have recently bought and sold shares of KSS. Brown Brothers Harriman & Co. lifted its stake in 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 acquiring an additional 917 shares during the period. Bogart Wealth LLC acquired a new stake in Kohl’s during the 4th quarter valued at approximately $35,000. Farther Finance Advisors LLC increased its holdings in shares of Kohl’s by 117.5% during the 3rd 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 in the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Kohl’s during the 2nd quarter valued at approximately $49,000. Finally, Quest Partners LLC purchased a new position in shares of Kohl’s during the 3rd quarter valued at approximately $60,000. 98.04% of the stock is currently 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.