Kohl’s (NYSE:KSS) Given New $15.00 Price Target at Morgan Stanley

Kohl’s (NYSE:KSS) had its target price decreased by Morgan Stanley from $17.00 to $15.00 in a report published on Monday morning. Morgan Stanley currently has an underweight rating on the stock.

A number of other equities research analysts also recently weighed in on KSS. TD Cowen downgraded Kohl’s from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $21.00 in a research report on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price target on shares of Kohl’s in a report on Wednesday, August 28th. Citigroup reduced their price objective on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Evercore ISI lowered their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. Finally, Robert W. Baird reduced their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.22.

Kohl’s Stock Down 3.1 %

Shares of Kohl’s stock opened at $14.75 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 5.78, a PEG ratio of 1.30 and a beta of 1.94. The firm’s 50-day moving average is $18.70 and its two-hundred day moving average is $20.68. Kohl’s has a 1 year low of $14.22 and a 1 year high of $29.60.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share (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 the consensus estimate of $3.64 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. Kohl’s’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. As a group, research analysts expect that Kohl’s will post 1.77 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 13.56%. Kohl’s’s dividend payout ratio is currently 78.43%.

Insider Buying and Selling at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. This represents a 10.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. grew its position 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 during the period. Security National Bank acquired a new stake in Kohl’s during the second quarter worth about $34,000. Farther Finance Advisors LLC grew its stake 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 worth $40,000 after purchasing an additional 1,034 shares during the period. CWM LLC grew its position in Kohl’s by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after buying an additional 948 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Kohl’s in the 2nd quarter valued at about $49,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.