Kohl’s Corporation (NYSE:KSS) Given Average Rating of “Reduce” by Brokerages

Shares of Kohl’s Corporation (NYSE:KSS) have received a consensus recommendation of “Reduce” from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $9.75.

Several equities research analysts have recently issued reports on KSS shares. Barclays increased their target price on shares of Kohl’s from $4.00 to $5.00 and gave the stock an “underweight” rating in a research note on Friday, May 30th. Citigroup lowered their target price on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $9.00 price target on shares of Kohl’s in a research note on Thursday, May 29th. UBS Group decreased their price target on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Kohl’s from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Monday, May 19th.

Kohl’s Trading Down 1.1%

KSS stock opened at $8.23 on Monday. The company’s 50-day simple moving average is $7.68 and its 200-day simple moving average is $10.29. The company has a quick ratio of 0.14, a current ratio of 1.09 and a debt-to-equity ratio of 0.95. Kohl’s has a 52-week low of $6.04 and a 52-week high of $24.83. The firm has a market cap of $921.87 million, a P/E ratio of 7.55 and a beta of 1.66.

Kohl’s (NYSE:KSS) last posted its earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.09. Kohl’s had a net margin of 0.75% and a return on equity of 4.71%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the company posted ($0.24) EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities analysts forecast that Kohl’s will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 6.08%. The ex-dividend date is Wednesday, June 11th. Kohl’s’s dividend payout ratio is currently 45.87%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in shares of Kohl’s during the 4th quarter worth approximately $26,000. State of Wyoming acquired a new position in shares of Kohl’s during the 4th quarter worth approximately $35,000. National Bank of Canada FI acquired a new position in shares of Kohl’s during the 1st quarter worth approximately $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of Kohl’s by 161.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company’s stock worth $26,000 after purchasing an additional 1,887 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Kohl’s by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company’s stock worth $34,000 after purchasing an additional 1,386 shares during the last quarter. 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.