JPMorgan Chase & Co. Lowers Kohl's (NYSE:KSS) Price Target to $7.00

Kohl's (NYSE:KSS - Free Report) had its target price cut by JPMorgan Chase & Co. from $9.00 to $7.00 in a report released on Monday morning,Benzinga reports. They currently have an underweight rating on the stock.

A number of other research analysts also recently weighed in on KSS. Bank of America reduced their target price on Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. Telsey Advisory Group reissued a "market perform" rating and set a $10.00 price objective on shares of Kohl's in a research report on Tuesday, April 1st. Citigroup reduced their target price on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Morgan Stanley dropped their price objective on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Wednesday, March 12th. Finally, Robert W. Baird lowered their target price on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Six equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, Kohl's has a consensus rating of "Hold" and an average price target of $11.71.

Kohl's Trading Up 5.5 %

Shares of NYSE:KSS traded up $0.34 on Monday, reaching $6.47. 9,837,621 shares of the company traded hands, compared to its average volume of 8,326,995. The stock has a market capitalization of $720.27 million, a P/E ratio of 2.91 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 $13.59. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. Kohl's has a 52 week low of $6.04 and a 52 week high of $28.25.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.23. The business had revenue of $5.18 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.67 EPS. As a group, equities analysts anticipate that Kohl's will post 1.3 EPS for the current fiscal year.

Kohl's Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were issued a dividend of $0.125 per share. The ex-dividend date was Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 7.73%. Kohl's's payout ratio is 51.02%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KSS. Stifel Financial Corp boosted its holdings in shares of Kohl's by 121.3% in the third quarter. Stifel Financial Corp now owns 48,090 shares of the company's stock worth $1,015,000 after buying an additional 26,362 shares during the last quarter. Geode Capital Management LLC raised its position in Kohl's by 5.3% in the third quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company's stock worth $38,541,000 after acquiring an additional 91,608 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Kohl's during the 3rd quarter worth $215,000. Franklin Resources Inc. grew its holdings in Kohl's by 25.6% during the third quarter. Franklin Resources Inc. now owns 45,179 shares of the company's stock valued at $872,000 after purchasing an additional 9,196 shares during the period. Finally, Silverleafe Capital Partners LLC purchased a new stake in Kohl's in the 4th quarter worth approximately $140,000. 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.