Kohl's (NYSE:KSS) Reaches New 52-Week Low - Here's Why

Shares of Kohl's Co. (NYSE:KSS - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $6.04 and last traded at $6.14, with a volume of 8306083 shares. The stock had previously closed at $6.26.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. UBS Group lowered their price objective on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating for the company in a research report on Wednesday, March 12th. Robert W. Baird cut their price objective on Kohl's from $18.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their target price on Kohl's from $9.00 to $7.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Citigroup dropped their target price on Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, Morgan Stanley reduced their price target on Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock 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 stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $11.71.

Kohl's Price Performance

The stock has a market cap of $785.95 million, a PE ratio of 3.18 and a beta of 1.65. The business's 50-day simple moving average is $9.26 and its 200-day simple moving average is $13.51. 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 (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.23. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The company's quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 EPS. On average, research analysts expect that Kohl's Co. will post 1.3 EPS for the current fiscal year.

Kohl's Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 7.08%. The ex-dividend date was Friday, March 21st. Kohl's's dividend payout ratio is presently 51.02%.

Institutional Trading of Kohl's

A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Kohl's during the 4th quarter valued at $8,185,000. Dana Investment Advisors Inc. boosted its position in Kohl's by 56.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company's stock valued at $3,554,000 after purchasing an additional 91,590 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Kohl's by 155.1% in 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 during the last quarter. Hussman Strategic Advisors Inc. raised its holdings in Kohl's by 66.7% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company's stock worth $1,474,000 after purchasing an additional 42,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Kohl's by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock valued at $24,873,000 after buying an additional 55,540 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

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.