Kohl's (NYSE:KSS) Downgraded by Baird R W to "Hold"

Baird R W cut shares of Kohl's (NYSE:KSS - Free Report) from a strong-buy rating to a hold rating in a report released on Wednesday morning,Zacks.com reports.

Several other research analysts also recently commented on KSS. JPMorgan Chase & Co. downgraded shares of Kohl's from a "neutral" rating to an "underweight" rating and set a $19.00 price objective for the company. in a research report on Thursday, August 29th. Citigroup reduced their price objective on Kohl's from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Wednesday. Gordon Haskett cut shares of Kohl's from a "hold" rating to a "reduce" rating and set a $11.00 target price for the company. in a report on Tuesday. Morgan Stanley decreased their price target 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, TD Cowen dropped their price objective on shares of Kohl's from $20.00 to $16.00 and set a "hold" rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $17.22.

Kohl's Stock Performance

Shares of KSS stock traded down $0.47 on Wednesday, hitting $14.75. The company's stock had a trading volume of 22,908,475 shares, compared to its average volume of 6,415,452. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The company has a market capitalization of $1.64 billion, a PE ratio of 5.78, a PEG ratio of 1.30 and a beta of 1.94. Kohl's has a fifty-two week low of $14.22 and a fifty-two week high of $29.60. The stock's 50 day moving average is $18.78 and its 200-day moving average is $20.73.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $3.64 billion. Kohl's had a return on equity of 7.43% and a net margin of 1.66%. The company's quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. Equities research analysts expect that Kohl's will post 1.77 earnings per share for the current fiscal year.

Kohl's Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 13.56%. Kohl's's dividend payout ratio is 78.43%.

Insider Activity at Kohl's

In other Kohl's news, EVP Feeney Siobhan Mc sold 16,367 shares of the company'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 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kohl's

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. increased its position in Kohl's by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company's stock valued at $30,000 after purchasing an additional 917 shares during the period. Security National Bank bought a new stake in shares of Kohl's in the 2nd quarter valued at $34,000. Farther Finance Advisors LLC increased its position 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 worth $40,000 after buying an additional 1,034 shares during the period. CWM LLC raised its stake in Kohl's by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company's stock worth $44,000 after buying an additional 948 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in Kohl's in the second quarter valued at $49,000. 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.