Kohl’s (NYSE:KSS) Downgraded to “Neutral” Rating by Robert W. Baird

Robert W. Baird downgraded shares of Kohl’s (NYSE:KSS) from an outperform rating to a neutral rating in a research note released on Wednesday morning, MarketBeat Ratings reports. They currently have $18.00 price objective on the stock, down from their previous price objective of $25.00.

A number of other research firms also recently commented on KSS. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a report on Wednesday, August 28th. Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a research report on Tuesday. JPMorgan Chase & Co. cut shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a report on Thursday, August 29th. Morgan Stanley lowered their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday. Finally, Citigroup cut their price target on Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.22.

Kohl’s Price Performance

KSS opened at $14.74 on Wednesday. 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 has a 1-year low of $14.22 and a 1-year high of $29.60. The company has a 50-day moving average of $18.78 and a 200-day moving average of $20.73. The company has a market capitalization of $1.64 billion, a P/E ratio of 5.78, a PEG ratio of 1.30 and a beta of 1.94.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the company earned $0.53 EPS. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. Equities analysts expect that Kohl’s will post 1.77 EPS for the current fiscal year.

Kohl’s Dividend Announcement

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. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 13.57%. Kohl’s’s dividend payout ratio is currently 78.43%.

Insider Transactions at Kohl’s

In related 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 value of $315,392.09. Following the completion of the transaction, the executive vice president now 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 filing with the SEC, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Kohl’s

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. grew its position in Kohl’s by 183.8% in the 3rd 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 in the last quarter. Security National Bank bought a new position in Kohl’s in the 2nd quarter valued at about $34,000. Farther Finance Advisors LLC grew its position in 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 buying an additional 1,034 shares in the last quarter. CWM LLC grew its position in 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 in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in Kohl’s in the 2nd quarter valued at about $49,000. Institutional investors 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.