Kohl’s (NYSE:KSS) Hits New 52-Week Low – Here’s What Happened

Shares of Kohl’s Co. (NYSE:KSS) hit a new 52-week low during trading on Monday . The stock traded as low as $11.85 and last traded at $12.00, with a volume of 1092627 shares. The stock had previously closed at $12.08.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Monday, November 25th. Jefferies Financial Group lowered their price target on Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. TD Cowen cut their price objective on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th. Citigroup lowered their target price on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Finally, Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target on the stock. in a research note on Tuesday, November 26th. Three equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.70.

Kohl’s Stock Performance

The stock has a 50-day moving average price of $13.81 and a 200 day moving average price of $17.25. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 5.31 and a beta of 1.85. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. On average, analysts forecast that Kohl’s Co. will post 1.3 EPS for the current year.

Insider Activity at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake 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 worth $349,671,000 after buying an additional 9,925,878 shares during the period. FMR LLC raised its stake in Kohl’s by 10.8% during the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after acquiring an additional 740,398 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Kohl’s by 155.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock worth $13,246,000 after acquiring an additional 573,579 shares during the period. American Century Companies Inc. grew its stake in shares of Kohl’s by 11.7% in the 4th quarter. American Century Companies Inc. now owns 4,134,298 shares of the company’s stock valued at $58,046,000 after purchasing an additional 433,264 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Kohl’s by 3,751.8% in the third quarter. Empowered Funds LLC now owns 391,531 shares of the company’s stock valued at $8,261,000 after purchasing an additional 381,366 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.