Kohl's Co. (NYSE:KSS) Receives Consensus Recommendation of "Reduce" from Analysts

Shares of Kohl's Co. (NYSE:KSS - Get Free Report) have been given a consensus rating of "Reduce" by the fourteen research firms that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.87.

Several analysts have recently issued reports on the stock. Morgan Stanley decreased their target price on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a research report on Wednesday, March 12th. The Goldman Sachs Group decreased their price objective on Kohl's from $13.00 to $11.25 and set a "sell" rating on the stock in a research report on Tuesday, March 4th. Bank of America dropped their target price on Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Jefferies Financial Group decreased their price target on Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Finally, Robert W. Baird dropped their price objective on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th.

Hedge Funds Weigh In On Kohl's

Several institutional investors have recently made changes to their positions in KSS. Dana Investment Advisors Inc. grew its holdings in Kohl's by 56.7% during the 4th quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company's stock worth $3,554,000 after acquiring an additional 91,590 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Kohl's by 155.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company's stock valued at $13,246,000 after purchasing an additional 573,579 shares in the last quarter. Hussman Strategic Advisors Inc. increased its holdings in Kohl's by 66.7% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company's stock valued at $1,474,000 after buying an additional 42,000 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Kohl's by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock worth $24,873,000 after buying an additional 55,540 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in Kohl's by 6,264.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 42,263 shares of the company's stock worth $593,000 after buying an additional 41,599 shares during the period. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Price Performance

Shares of Kohl's stock traded down $0.12 during trading on Wednesday, reaching $6.73. 10,930,163 shares of the stock traded hands, compared to its average volume of 8,259,619. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The company has a market capitalization of $748.65 million, a price-to-earnings ratio of 3.03 and a beta of 1.65. Kohl's has a 52-week low of $6.04 and a 52-week high of $28.25. The business has a fifty day simple moving average of $9.85 and a two-hundred day simple moving average of $14.00.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.23. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the previous year, the company posted $1.67 EPS. The company's revenue was down 9.4% compared to the same quarter last year. Sell-side analysts expect that Kohl's will post 1.3 EPS for the current year.

Kohl's Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 7.43%. The ex-dividend date was Friday, March 21st. Kohl's's dividend payout ratio is 51.02%.

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.