Kohl’s (NYSE:KSS) Price Target Lowered to $16.00 at TD Cowen

Kohl’s (NYSE:KSS) had its target price lowered by TD Cowen from $20.00 to $16.00 in a report released on Wednesday,Benzinga reports. The firm currently has a hold rating on the stock.

KSS has been the subject of several other reports. Telsey Advisory Group dropped their price objective on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday. Evercore ISI decreased their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a research report on Thursday, August 29th. Gordon Haskett downgraded Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target for the company. in a research report on Tuesday. Finally, Morgan Stanley cut their price objective on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Kohl’s has an average rating of “Hold” and an average price target of $17.22.

Kohl’s Trading Down 3.2 %

NYSE:KSS opened at $14.74 on Wednesday. Kohl’s has a 52 week low of $14.22 and a 52 week high of $29.60. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The stock’s 50 day moving average price is $18.78 and its 200 day moving average price is $20.73. The company has a market capitalization of $1.64 billion, a P/E ratio of 5.78, a P/E/G ratio of 1.30 and a beta of 1.94.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter last year, the business earned $0.53 EPS. On average, research analysts forecast that Kohl’s will post 1.77 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.57%. The ex-dividend date is Wednesday, December 11th. Kohl’s’s payout ratio is 78.43%.

Insider Activity

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the sale, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

A number of hedge funds have recently added to or reduced their stakes in KSS. Pacer Advisors Inc. increased its holdings in shares of Kohl’s by 149.3% during the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after acquiring an additional 9,925,878 shares in the last quarter. Victory Capital Management Inc. boosted its position in Kohl’s by 226.4% in the third quarter. Victory Capital Management Inc. now owns 137,531 shares of the company’s stock worth $2,902,000 after purchasing an additional 95,398 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in Kohl’s by 49.9% in the second quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock worth $88,000 after purchasing an additional 1,281 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its position in Kohl’s by 100.0% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock worth $1,839,000 after purchasing an additional 40,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Kohl’s by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock valued at $147,923,000 after buying an additional 52,126 shares during the period. 98.04% of the stock is currently owned by 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.