Jefferies Financial Group Cuts Kohl’s (NYSE:KSS) Price Target to $12.00

Kohl’s (NYSE:KSS) had its price target cut by Jefferies Financial Group from $15.00 to $12.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a hold rating on the stock.

Several other analysts also recently issued reports on KSS. Baird R W downgraded shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. TD Cowen dropped their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Citigroup decreased their price objective on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $18.00 in a report on Wednesday, November 27th. Finally, Guggenheim lowered shares of Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, Kohl’s has an average rating of “Hold” and a consensus target price of $16.70.

Kohl’s Trading Up 1.7 %

NYSE:KSS opened at $13.20 on Tuesday. The stock has a fifty day simple moving average of $14.05 and a 200 day simple moving average of $17.53. The company has a quick ratio of 0.12, a current ratio of 1.05 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. Kohl’s has a 1-year low of $12.61 and a 1-year high of $29.60.

Kohl’s (NYSE:KSS) last announced 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 firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. Sell-side analysts forecast that Kohl’s will post 1.31 earnings per share for the current year.

Kohl’s Announces Dividend

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

Insider Activity

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.86% of the stock is owned by insiders.

Institutional Trading of Kohl’s

Several large investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. raised its stake in shares of Kohl’s by 183.8% in 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 in the last quarter. Bogart Wealth LLC acquired a new position in Kohl’s during the fourth quarter valued at approximately $35,000. Farther Finance Advisors LLC raised its position in shares of Kohl’s by 117.5% in 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 period. Quest Partners LLC acquired a new stake in shares of Kohl’s in the third quarter worth $60,000. Finally, KBC Group NV boosted its holdings in shares of Kohl’s by 58.5% during the 4th quarter. KBC Group NV now owns 5,347 shares of the company’s stock worth $75,000 after buying an additional 1,974 shares during the period. 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.