Kohl’s (NYSE:KSS) Sets New 12-Month Low – Time to Sell?

Kohl’s Co. (NYSE:KSS) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.96 and last traded at $13.04, with a volume of 10191437 shares trading hands. The stock had previously closed at $13.68.

Wall Street Analyst Weigh In

KSS has been the subject of several research analyst reports. Morgan Stanley cut their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, November 25th. 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. TD Cowen cut their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Telsey Advisory Group lowered their price objective on Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 27th. Finally, Gordon Haskett cut 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. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.22.

Kohl’s Stock Performance

The firm has a market capitalization of $1.43 billion, a PE ratio of 5.77 and a beta of 1.87. 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 business has a 50-day simple moving average of $15.20 and a 200-day simple moving average of $18.36.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, November 26th. The company reported $0.20 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 1.47% and a return on equity of 6.44%. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. Equities research analysts expect that Kohl’s Co. will post 1.31 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 15.61%. Kohl’s’s dividend payout ratio is currently 90.09%.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction dated 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Kohl’s

A number of institutional investors have recently bought and sold shares of KSS. Victory Capital Management Inc. grew its position in Kohl’s by 6.1% during the second quarter. Victory Capital Management Inc. now owns 42,133 shares of the company’s stock valued at $969,000 after buying an additional 2,422 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Kohl’s by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after buying an additional 52,126 shares during the last quarter. Edgestream Partners L.P. increased its stake in Kohl’s by 84.0% during the 2nd quarter. Edgestream Partners L.P. now owns 89,024 shares of the company’s stock worth $2,047,000 after buying an additional 40,641 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Kohl’s in the second quarter valued at approximately $1,584,000. Finally, Trust Investment Advisors acquired a new stake in shares of Kohl’s in the second quarter worth approximately $1,495,000. 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.