Kohl’s (NYSE:KSS) Sets New 52-Week Low – Here’s Why

Kohl’s Co. (NYSE:KSS) shares hit a new 52-week low on Thursday . The stock traded as low as $11.36 and last traded at $11.37, with a volume of 6592830 shares trading hands. The stock had previously closed at $11.95.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Jefferies Financial Group cut their price objective on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. TD Cowen reduced their price target on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Guggenheim lowered shares of Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Telsey Advisory Group reduced their target price on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. Finally, Citigroup lowered their price target on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $16.70.

Kohl’s Price Performance

The stock’s 50 day moving average price is $13.11 and its two-hundred day moving average price is $16.55. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 5.12 and a beta of 1.85.

Kohl’s (NYSE:KSS) last posted 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 firm had revenue of $3.71 billion during the quarter, compared to analyst estimates 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 was down 8.5% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. Analysts anticipate that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kohl’s

Large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Kohl’s during the fourth quarter valued at approximately $26,000. Brown Brothers Harriman & Co. raised its position in Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after acquiring an additional 917 shares in the last quarter. Bogart Wealth LLC acquired a new position in shares of Kohl’s during the 4th quarter worth about $35,000. State of Wyoming bought a new stake in shares of Kohl’s in the 4th quarter valued at about $35,000. Finally, Farther Finance Advisors LLC raised its stake in Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after buying an additional 1,034 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.