Kohl’s (NYSE:KSS) Reaches New 52-Week Low – Time to Sell?

Kohl’s Co. (NYSE:KSS)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $13.35 and last traded at $13.38, with a volume of 2001379 shares changing hands. The stock had previously closed at $13.82.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday, November 25th. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Telsey Advisory Group dropped their target price on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, November 27th. Guggenheim cut Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Finally, Gordon Haskett lowered Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.22.

Kohl’s Stock Up 1.6 %

The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The stock has a market capitalization of $1.53 billion, a PE ratio of 6.18, a PEG ratio of 1.38 and a beta of 1.87. The company has a 50 day moving average price of $15.61 and a 200-day moving average price of $18.69.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm’s revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. As a group, analysts forecast that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 14.59%. The ex-dividend date was Wednesday, December 11th. Kohl’s’s payout ratio is currently 90.09%.

Insiders Place Their Bets

In other 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 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Kohl’s

A number of hedge funds have recently bought and sold shares of the business. Silverleafe Capital Partners LLC purchased a new position in shares of Kohl’s during the fourth quarter valued at approximately $140,000. Franklin Resources Inc. grew its position in Kohl’s by 25.6% in the 3rd quarter. Franklin Resources Inc. now owns 45,179 shares of the company’s stock worth $872,000 after purchasing an additional 9,196 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Kohl’s during the 3rd quarter valued at $215,000. Geode Capital Management LLC boosted its stake in shares of Kohl’s by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock worth $38,541,000 after buying an additional 91,608 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Kohl’s in the third quarter worth $2,694,000. Hedge funds and other 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.