Kohl's (NYSE:KSS) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Kohl's (NYSE:KSS - Free Report) in a research note published on Tuesday morning,Benzinga reports. They currently have a $10.00 target price on the stock.

Several other equities analysts have also recently weighed in on KSS. Jefferies Financial Group dropped their price objective on Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Robert W. Baird cut their price target on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. The Goldman Sachs Group decreased their price objective on shares of Kohl's from $13.00 to $11.25 and set a "sell" rating for the company in a research note on Tuesday, March 4th. Bank of America cut their target price on Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. Finally, UBS Group reduced their target price on Kohl's from $10.00 to $5.00 and set a "sell" rating for the company in a report on Wednesday, March 12th. Six analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $11.87.

Kohl's Stock Down 22.7 %

NYSE KSS traded down $1.96 during mid-day trading on Tuesday, hitting $6.65. The company's stock had a trading volume of 37,079,279 shares, compared to its average volume of 7,968,605. 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's 50 day simple moving average is $11.02 and its 200 day simple moving average is $14.77. Kohl's has a twelve month low of $6.32 and a twelve month high of $28.25. The firm has a market capitalization of $739.75 million, a price-to-earnings ratio of 2.99 and a beta of 1.92.

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

Kohl's Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 7.52%. The ex-dividend date of this dividend was Friday, March 21st. Kohl's's dividend payout ratio (DPR) is presently 51.02%.

Insider Transactions at Kohl's

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the transaction, the executive vice president now directly owns 133,091 shares of the company's stock, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.86% of the company's stock.

Institutional Investors Weigh In On Kohl's

Several institutional investors have recently made changes to their positions in KSS. SBI Securities Co. Ltd. bought a new stake in shares of Kohl's during the 4th quarter valued at $26,000. State of Wyoming purchased a new stake in shares of Kohl's in the fourth quarter worth about $35,000. Bogart Wealth LLC bought a new position in shares of Kohl's in the fourth quarter valued at approximately $35,000. Quarry LP grew its position in shares of Kohl's by 687.4% during the 3rd quarter. Quarry LP now owns 4,858 shares of the company's stock valued at $103,000 after purchasing an additional 4,241 shares in the last quarter. Finally, KBC Group NV grew its position in Kohl's by 58.5% during the fourth quarter. KBC Group NV now owns 5,347 shares of the company's stock worth $75,000 after buying an additional 1,974 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.