Shares of Kohl’s Co. (NYSE:KSS – Get Free Report) fell 5% during trading on Wednesday . The company traded as low as $18.39 and last traded at $18.41. 2,147,186 shares traded hands during trading, a decline of 63% from the average session volume of 5,840,915 shares. The stock had previously closed at $19.38.
Wall Street Analysts Forecast Growth
KSS has been the topic of several research reports. Evercore ISI reduced their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target for the company. in a research note on Thursday, August 29th. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research note on Wednesday, August 28th. TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and lowered their target price for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Finally, Morgan Stanley downgraded Kohl’s to an “underweight” rating and cut their target price for the stock from $18.00 to $17.00 in a report on Tuesday, August 27th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.67.
Kohl’s Stock Performance
The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 1.38 and a beta of 1.93. The company’s fifty day simple moving average is $20.58 and its two-hundred day simple moving average is $23.35. 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 – Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.46 by $0.13. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.69 billion. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. On average, analysts forecast that Kohl’s Co. will post 1.81 earnings per share for the current year.
Kohl’s Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $2.00 annualized dividend and a dividend yield of 10.48%. Kohl’s’s dividend payout ratio is currently 80.65%.
Institutional Trading of Kohl’s
A number of institutional investors and hedge funds have recently modified their holdings of KSS. Algert Global LLC purchased a new stake in shares of Kohl’s during the 2nd quarter valued at $694,000. Texas Capital Bank Wealth Management Services Inc increased its holdings in Kohl’s by 100.0% during 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 buying an additional 40,000 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its position in Kohl’s by 1,422.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 239,028 shares of the company’s stock worth $5,495,000 after acquiring an additional 223,328 shares during the period. The Manufacturers Life Insurance Company raised its position in Kohl’s by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 234,659 shares of the company’s stock worth $5,395,000 after acquiring an additional 1,079 shares during the period. Finally, Deerfield Management Company L.P. Series C boosted its stake in Kohl’s by 83.9% in the second quarter. Deerfield Management Company L.P. Series C now owns 30,166 shares of the company’s stock valued at $694,000 after acquiring an additional 13,761 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.
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.