Kohl’s Co. (NYSE:KSS) Receives $17.22 Consensus Price Target from Brokerages

Shares of Kohl’s Co. (NYSE:KSS) have been assigned a consensus recommendation of “Reduce” from the ten research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $17.22.

KSS has been the subject of several analyst reports. Baird R W downgraded shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Robert W. Baird downgraded shares of Kohl’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $18.00 in a research note on Wednesday, November 27th. Telsey Advisory Group lowered their target price on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Morgan Stanley reduced their price target on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, November 25th. Finally, Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd.

Kohl’s Stock Performance

Shares of KSS opened at $14.12 on Monday. Kohl’s has a 12-month low of $13.65 and a 12-month high of $29.60. The stock has a market cap of $1.57 billion, a P/E ratio of 6.36, a PEG ratio of 1.38 and a beta of 1.87. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average of $16.01 and a two-hundred day moving average of $18.92.

Kohl’s (NYSE:KSS) last posted its earnings results 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). The company 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%. Kohl’s’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. As a group, research analysts predict that Kohl’s will post 1.3 EPS for the current fiscal year.

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $2.00 annualized dividend and a yield of 14.16%. Kohl’s’s dividend payout ratio is presently 90.09%.

Hedge Funds Weigh In On Kohl’s

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. raised its holdings in Kohl’s by 149.3% in the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after buying an additional 9,925,878 shares during the period. FMR LLC lifted its holdings in shares of 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in Kohl’s by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after purchasing an additional 52,126 shares during the period. American Century Companies Inc. increased its holdings in Kohl’s by 26.3% in the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock valued at $71,126,000 after purchasing an additional 643,913 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Kohl’s by 348.0% in the second quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock valued at $50,118,000 after purchasing an additional 1,694,162 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

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.