Kohl’s (NYSE:KSS) Price Target Lowered to $17.00 at Telsey Advisory Group

Kohl’s (NYSE:KSS) had its price target reduced by Telsey Advisory Group from $23.00 to $17.00 in a report released on Wednesday, Marketbeat Ratings reports. They currently have a market perform rating on the stock.

A number of other equities analysts have also recently commented on the company. Morgan Stanley decreased their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday. TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and lowered their price objective for the company from $25.00 to $21.00 in a research report on Friday, August 30th. Citigroup reduced their target price on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $18.00 in a research note on Wednesday. Finally, JPMorgan Chase & Co. downgraded Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.22.

Kohl’s Trading Down 3.2 %

Shares of NYSE:KSS opened at $14.74 on Wednesday. The stock’s 50-day simple moving average is $18.78 and its two-hundred day simple moving average is $20.73. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 5.78, a PEG ratio of 1.30 and a beta of 1.94. 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.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, November 26th. 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 business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the business posted $0.53 EPS. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. Analysts expect that Kohl’s will post 1.77 EPS for the current year.

Kohl’s Announces Dividend

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 given 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 at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kohl’s

Hedge funds have recently modified their holdings of the business. Brown Brothers Harriman & Co. increased its holdings in Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after buying an additional 917 shares during the period. Security National Bank bought a new stake in Kohl’s during the 2nd quarter valued at $34,000. Farther Finance Advisors LLC increased its holdings in shares of Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after acquiring an additional 1,034 shares during the period. CWM LLC raised its position in shares of Kohl’s by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after acquiring an additional 948 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Kohl’s during the 2nd quarter worth $49,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

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.