Kohl's (NYSE:KSS) Hits New 12-Month Low - What's Next?

Kohl's Co. (NYSE:KSS - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as $12.61 and last traded at $12.75, with a volume of 144973 shares trading hands. The stock had previously closed at $13.21.

Wall Street Analysts Forecast Growth

KSS has been the topic of a number of research reports. Guggenheim downgraded shares of Kohl's from a "buy" rating to a "neutral" rating in a research report on Monday, December 2nd. Jefferies Financial Group dropped their target price on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a research report on Tuesday. Robert W. Baird downgraded shares of Kohl's from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $25.00 to $18.00 in a research report on Wednesday, November 27th. Telsey Advisory Group dropped their target price on shares of Kohl's from $23.00 to $17.00 and set a "market perform" rating on the stock in a research report on Wednesday, November 27th. Finally, TD Cowen dropped their target price on shares of Kohl's from $20.00 to $16.00 and set a "hold" rating on the stock in a research report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $16.70.

Kohl's Stock Performance

The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The stock has a market cap of $1.34 billion, a P/E ratio of 5.44 and a beta of 1.85. The company's 50 day moving average price is $13.88 and its 200-day moving average price is $17.35.

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

Kohl's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 16.56%. Kohl's's dividend payout ratio (DPR) is presently 90.09%.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the sale, the executive vice president now owns 133,091 shares in the company, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. 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 corporate insiders.

Hedge Funds Weigh In On Kohl's

Large investors have recently modified their holdings of the business. Pacer Advisors Inc. grew its stake in Kohl's by 149.3% during the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company's stock valued at $349,671,000 after acquiring an additional 9,925,878 shares in the last quarter. FMR LLC grew its stake in Kohl's by 10.8% during the third 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. Empowered Funds LLC grew its stake in Kohl's by 3,751.8% during the third quarter. Empowered Funds LLC now owns 391,531 shares of the company's stock valued at $8,261,000 after acquiring an additional 381,366 shares in the last quarter. International Assets Investment Management LLC grew its stake in Kohl's by 109.2% during the third quarter. International Assets Investment Management LLC now owns 546,070 shares of the company's stock valued at $11,522,000 after acquiring an additional 285,070 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in Kohl's by 180.3% during the third quarter. Quantbot Technologies LP now owns 334,150 shares of the company's stock valued at $7,051,000 after acquiring an additional 214,956 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

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.