Kohl’s (NYSE:KSS) Given New $8.00 Price Target at Bank of America

Kohl’s (NYSE:KSS) had its price target reduced by Bank of America from $15.00 to $8.00 in a research report released on Wednesday,Benzinga reports. They currently have an underperform rating on the stock.

A number of other analysts have also commented on KSS. The Goldman Sachs Group decreased their price target on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a research note on Tuesday, March 4th. Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target for the company. in a research note on Tuesday, November 26th. Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reiterated a “market perform” rating and issued a $13.00 target price on shares of Kohl’s in a research note on Tuesday. Finally, Jefferies Financial Group reduced their target price on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Six 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.com, the stock has a consensus rating of “Hold” and an average price target of $12.56.

Kohl’s Stock Performance

NYSE:KSS opened at $8.56 on Wednesday. The company has a fifty day moving average of $12.47 and a 200-day moving average of $15.95. The firm has a market capitalization of $952.33 million, a P/E ratio of 3.85 and a beta of 1.92. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. Kohl’s has a twelve month low of $8.28 and a twelve month high of $29.60.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. The business had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. Kohl’s’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 EPS. As a group, sell-side analysts anticipate that Kohl’s will post 1.3 EPS for the current year.

Kohl’s Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend is Friday, March 21st. Kohl’s’s dividend payout ratio (DPR) is currently 90.09%.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the transaction, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by insiders.

Institutional Investors Weigh In On Kohl’s

Institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd lifted its holdings in Kohl’s by 151.8% during the third quarter. Quadrature Capital Ltd now owns 66,744 shares of the company’s stock valued at $1,408,000 after purchasing an additional 40,238 shares during the last quarter. Dana Investment Advisors Inc. lifted its holdings in Kohl’s by 56.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company’s stock valued at $3,554,000 after purchasing an additional 91,590 shares during the last quarter. Hussman Strategic Advisors Inc. lifted its holdings in Kohl’s by 66.7% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company’s stock valued at $1,474,000 after purchasing an additional 42,000 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Kohl’s by 149.3% during the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after purchasing an additional 9,925,878 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Kohl’s by 15.3% during the fourth quarter. Empowered Funds LLC now owns 451,510 shares of the company’s stock valued at $6,339,000 after purchasing an additional 59,979 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

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.