Brokerages Set Kohl's Co. (NYSE:KSS) Price Target at $17.22

Kohl's Co. (NYSE:KSS - Get Free Report) has earned a consensus recommendation of "Reduce" from the ten ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $17.22.

KSS has been the subject of several analyst reports. Morgan Stanley lowered their price objective on Kohl's from $17.00 to $15.00 and set an "underweight" rating for the company in a research note on Monday, November 25th. JPMorgan Chase & Co. downgraded Kohl's from a "neutral" rating to an "underweight" rating and set a $19.00 price objective for the company. in a research note on Thursday, August 29th. Citigroup lowered their price objective on Kohl's from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Wednesday, November 27th. TD Cowen lowered their price objective on Kohl's from $20.00 to $16.00 and set a "hold" rating for the company in a research note on Wednesday, November 27th. Finally, Guggenheim downgraded Kohl's from a "buy" rating to a "neutral" rating in a research note on Monday.

Kohl's Stock Up 0.6 %

NYSE:KSS traded up $0.09 on Thursday, hitting $15.40. The stock had a trading volume of 9,764,917 shares, compared to its average volume of 6,507,310. The business's fifty day moving average is $18.28 and its 200 day moving average is $20.32. The company has a market cap of $1.71 billion, a PE ratio of 6.93, a P/E/G ratio of 1.46 and a beta of 1.88. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. Kohl's has a 52 week low of $14.22 and a 52 week high of $29.60.

Kohl's (NYSE:KSS - Get Free Report) last announced 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). The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The firm's revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. On average, equities research analysts expect that Kohl's will post 1.3 EPS for the current fiscal year.

Kohl's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 12.99%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl's's dividend payout ratio is currently 90.09%.

Insider Activity

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the company's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now owns 136,799 shares of the company's stock, valued at $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.86% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in shares of Kohl's by 25.6% during the 3rd quarter. Franklin Resources Inc. now owns 45,179 shares of the company's stock valued at $872,000 after buying an additional 9,196 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Kohl's during the 3rd quarter worth about $215,000. Geode Capital Management LLC lifted its holdings in Kohl's by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company's stock worth $38,541,000 after purchasing an additional 91,608 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Kohl's during the 3rd quarter worth about $2,694,000. Finally, Whitebox Advisors LLC lifted its holdings in Kohl's by 19.0% during the 3rd quarter. Whitebox Advisors LLC now owns 62,770 shares of the company's stock worth $1,324,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other 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.