Kohl’s (NYSE:KSS) Hits New 52-Week Low on Disappointing Earnings

Kohl’s Co. (NYSE:KSS)’s share price hit a new 52-week low during trading on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $14.53 and last traded at $14.62, with a volume of 8607233 shares changing hands. The stock had previously closed at $18.34.

The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the company earned $0.53 EPS. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year.

Kohl’s Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KSS shares. Robert W. Baird lowered shares of Kohl’s from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $18.00 in a research report on Wednesday. Evercore ISI lowered their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. Guggenheim reduced their target price on shares of Kohl’s from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday. TD Cowen dropped their target price on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.22.

Insiders Place Their Bets

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the transaction, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Kohl’s

Several hedge funds have recently made changes to their positions in the business. Brown Brothers Harriman & Co. grew its position in Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after purchasing an additional 917 shares in the last quarter. Security National Bank acquired a new stake in shares of Kohl’s in the second quarter valued at about $34,000. Farther Finance Advisors LLC raised its holdings in Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after acquiring an additional 1,034 shares in the last quarter. CWM LLC boosted its holdings in shares of Kohl’s by 97.1% in 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. Finally, Abich Financial Wealth Management LLC acquired a new position in Kohl’s during the second quarter worth $49,000. 98.04% of the stock is owned by institutional investors.

Kohl’s Price Performance

The company’s 50-day simple moving average is $18.78 and its 200-day simple moving average is $20.73. The stock has a market capitalization of $1.64 billion, a P/E ratio of 5.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16.

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.