Kohl’s (NYSE:KSS) Cut to “Reduce” at Gordon Haskett

Gordon Haskett downgraded shares of Kohl’s (NYSE:KSS) from a hold rating to a reduce rating in a report issued on Tuesday, MarketBeat reports. Gordon Haskett currently has $11.00 price objective on the stock.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a report on Thursday, August 29th. Citigroup cut their price objective on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. TD Cowen downgraded shares of Kohl’s from a “buy” rating to a “hold” rating and cut their price objective for the stock from $25.00 to $21.00 in a report on Friday, August 30th. Morgan Stanley cut their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price objective on shares of Kohl’s in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.22.

Kohl’s Stock Performance

NYSE KSS opened at $14.75 on Tuesday. The company has a fifty day simple moving average of $18.70 and a 200 day simple moving average of $20.68. Kohl’s has a 12-month low of $14.22 and a 12-month high of $29.60. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. The company has a market cap 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 posted its quarterly earnings results 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 business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the business posted $0.53 EPS. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. Sell-side analysts predict that Kohl’s will post 1.77 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 13.56%. The ex-dividend date is Wednesday, December 11th. Kohl’s’s dividend payout ratio is currently 78.43%.

Insider Activity at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. The trade was a 10.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KSS. Brown Brothers Harriman & Co. boosted its stake in Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after buying an additional 917 shares in the last quarter. Security National Bank bought a new position in shares of Kohl’s during the second quarter valued at approximately $34,000. Farther Finance Advisors LLC raised its holdings in shares of Kohl’s by 117.5% during the third 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 in the last quarter. CWM LLC raised its holdings in Kohl’s by 97.1% in the second quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after purchasing an additional 948 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in Kohl’s in the second quarter worth $49,000. 98.04% of the stock is currently owned by institutional investors.

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.