Kohl’s Corporation (NYSE:KSS) Receives Consensus Rating of “Reduce” from Analysts

Kohl’s Corporation (NYSE:KSS) has been assigned an average rating of “Reduce” from the sixteen research firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $15.2727.

KSS has been the topic of a number of research reports. TD Cowen reaffirmed a “hold” rating on shares of Kohl’s in a research report on Wednesday, November 26th. Jefferies Financial Group assumed coverage on shares of Kohl’s in a report on Wednesday, January 14th. They set a “hold” rating and a $22.00 price objective on the stock. Gordon Haskett raised Kohl’s from an “accumulate” rating to a “buy” rating in a research report on Tuesday, November 25th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective (up from $16.00) on shares of Kohl’s in a research report on Tuesday, November 25th. Finally, Zacks Research lowered Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday.

Kohl’s Price Performance

NYSE KSS opened at $16.37 on Friday. Kohl’s has a twelve month low of $6.04 and a twelve month high of $25.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.12 and a current ratio of 1.30. The stock has a market capitalization of $1.84 billion, a PE ratio of 9.52 and a beta of 1.44. The stock has a 50-day simple moving average of $19.15 and a 200 day simple moving average of $17.98.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.29. Kohl’s had a return on equity of 4.30% and a net margin of 1.23%.The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the firm posted $0.20 EPS. The company’s revenue was down 3.6% on a year-over-year basis. Research analysts anticipate that Kohl’s will post 1.3 EPS for the current year.

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 3.1%. Kohl’s’s payout ratio is currently 29.07%.

Insider Transactions at Kohl’s

In other news, CFO Jill Timm sold 10,000 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer owned 325,561 shares in the company, valued at approximately $7,813,464. This represents a 2.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

Institutional Trading of Kohl’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC raised its position in Kohl’s by 98.5% in the fourth quarter. Corient Private Wealth LLC now owns 23,332 shares of the company’s stock worth $456,000 after purchasing an additional 11,576 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Kohl’s during the fourth quarter valued at approximately $411,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Kohl’s in the 4th quarter valued at approximately $49,796,000. XTX Topco Ltd grew its stake in shares of Kohl’s by 182.2% in the 4th quarter. XTX Topco Ltd now owns 50,321 shares of the company’s stock valued at $1,027,000 after purchasing an additional 32,490 shares during the period. Finally, Voloridge Investment Management LLC raised its holdings in shares of Kohl’s by 0.3% in the 4th quarter. Voloridge Investment Management LLC now owns 1,602,607 shares of the company’s stock worth $32,709,000 after buying an additional 4,757 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

About Kohl’s

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.