Kohl’s Co. (NYSE:KSS) Given Consensus Recommendation of “Reduce” by Brokerages

Kohl’s Co. (NYSE:KSS) has earned an average recommendation of “Reduce” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $21.29.

Several brokerages have commented on KSS. StockNews.com lowered Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Evercore ISI cut their price target on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Robert W. Baird decreased their price objective on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Morgan Stanley downgraded shares of Kohl’s to an “underweight” rating and cut their target price for the company from $18.00 to $17.00 in a research note on Tuesday, August 27th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $23.00 target price on shares of Kohl’s in a report on Wednesday, August 28th.

Kohl’s Trading Up 3.2 %

Shares of KSS stock opened at $20.90 on Friday. Kohl’s has a 1-year low of $17.68 and a 1-year high of $29.60. The firm’s 50-day simple moving average is $19.86 and its 200-day simple moving average is $22.71. The firm has a market cap of $2.32 billion, a P/E ratio of 8.40, a PEG ratio of 1.32 and a beta of 1.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. Kohl’s’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.52 EPS. As a group, equities analysts forecast that Kohl’s will post 1.8 EPS for the current year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a $0.50 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $2.00 dividend on an annualized basis and a yield of 9.57%. Kohl’s’s dividend payout ratio is currently 80.65%.

Institutional Trading of Kohl’s

Several large investors have recently modified their holdings of the business. Security National Bank purchased a new position in Kohl’s in the second quarter valued at about $34,000. CWM LLC boosted its stake in shares of Kohl’s by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after buying an additional 948 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Kohl’s during the 2nd quarter valued at approximately $49,000. Register Financial Advisors LLC bought a new stake in shares of Kohl’s in the first quarter worth $54,000. Finally, Summit Securities Group LLC raised its holdings in Kohl’s by 50.0% in the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock valued at $55,000 after acquiring an additional 800 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Company Profile

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.