Kohl’s (NYSE:KSS) Shares Down 19.8% – Here’s What Happened

Kohl’s Co. (NYSE:KSS) shares were down 19.8% on Thursday . The company traded as low as $7.03 and last traded at $6.90. Approximately 4,991,971 shares changed hands during trading, a decline of 36% from the average daily volume of 7,851,975 shares. The stock had previously closed at $8.60.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KSS. The Goldman Sachs Group lowered their target price on Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a research note on Tuesday, March 4th. Citigroup decreased their price target on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Jefferies Financial Group decreased 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. Bank of America cut their price target on Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Finally, Robert W. Baird dropped their target price on Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Six investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.87.

Kohl’s Stock Up 7.6 %

The company’s 50-day moving average price is $10.75 and its 200 day moving average price is $14.63. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The stock has a market cap of $795.41 million, a PE ratio of 3.22 and a beta of 1.92.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period last year, the firm earned $1.67 earnings per share. The company’s quarterly revenue was down 9.4% on a year-over-year basis. As a group, analysts forecast that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 7.00%. The ex-dividend date was Friday, March 21st. Kohl’s’s dividend payout ratio is presently 51.02%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc grew its stake in shares of Kohl’s by 3,022.6% during the 1st quarter. Versant Capital Management Inc now owns 6,089 shares of the company’s stock valued at $50,000 after acquiring an additional 5,894 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Kohl’s during the fourth quarter valued at approximately $2,978,000. CTC Alternative Strategies Ltd. bought a new position in shares of Kohl’s in the fourth quarter worth approximately $168,000. CSS LLC IL purchased a new stake in shares of Kohl’s in the fourth quarter worth $163,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kohl’s by 13.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 428,939 shares of the company’s stock valued at $6,022,000 after purchasing an additional 50,671 shares during the period. 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.