Kohl’s (NYSE:KSS) Reaches New 52-Week Low Following Analyst Downgrade

Kohl’s Co. (NYSE:KSS)’s stock price hit a new 52-week low on Tuesday after UBS Group lowered their price target on the stock from $10.00 to $5.00. UBS Group currently has a sell rating on the stock. Kohl’s traded as low as $9.88 and last traded at $10.12, with a volume of 7207929 shares. The stock had previously closed at $12.05.

Several other equities analysts have also weighed in on KSS. Guggenheim lowered shares of Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Bank of America reduced their price target on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research report on Wednesday. TD Cowen cut their price objective on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. JPMorgan Chase & Co. dropped their price target on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $13.00 price objective on shares of Kohl’s in a research note on Tuesday. Six 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.com, Kohl’s presently has a consensus rating of “Hold” and an average price target of $12.56.

Insider Buying and Selling at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was 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 owns 133,091 shares in the company, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

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 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after purchasing an additional 917 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Kohl’s during the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC lifted its holdings in Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after buying an additional 1,034 shares during the period. State of Wyoming purchased a new stake in Kohl’s in the 4th quarter worth approximately $35,000. Finally, Bogart Wealth LLC purchased a new position in shares of Kohl’s in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Down 6.5 %

The stock has a 50 day simple moving average of $12.47 and a 200-day simple moving average of $15.95. The firm has a market cap of $952.33 million, a PE ratio of 3.85 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.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. Kohl’s’s revenue was down 9.4% compared to the same quarter last year. Sell-side analysts predict 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. Shareholders of record on Friday, March 21st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 annualized dividend and a yield of 5.84%. Kohl’s’s payout ratio is currently 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.