Kohl's (NYSE:KSS) Hits New 52-Week Low - Time to Sell?

Kohl's Co. (NYSE:KSS - Get Free Report)'s share price reached a new 52-week low on Wednesday . The stock traded as low as $13.35 and last traded at $13.38, with a volume of 2001379 shares traded. The stock had previously closed at $13.82.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KSS shares. Telsey Advisory Group cut their target price on shares of Kohl's from $23.00 to $17.00 and set a "market perform" rating for the company in a research report on Wednesday, November 27th. Robert W. Baird cut shares of Kohl's from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $25.00 to $18.00 in a research report on Wednesday, November 27th. Guggenheim lowered Kohl's from a "buy" rating to a "neutral" rating in a research note on Monday, December 2nd. Baird R W lowered Kohl's from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley dropped their price objective on shares of Kohl's from $17.00 to $15.00 and set an "underweight" rating on the stock in a research note on Monday, November 25th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, Kohl's currently has a consensus rating of "Hold" and an average target price of $17.22.

Kohl's Stock Performance

The company has a market capitalization of $1.50 billion, a PE ratio of 6.07, a price-to-earnings-growth ratio of 1.38 and a beta of 1.87. The firm's fifty day simple moving average is $15.81 and its 200 day simple moving average is $18.77. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $3.71 billion during the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. Kohl's's revenue for the quarter was down 8.5% on a year-over-year basis. On average, research analysts predict that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were given a $0.50 dividend. 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 14.85%. Kohl's's payout ratio is currently 90.09%.

Insider Activity

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 sale, the executive vice president now owns 133,091 shares of the company's stock, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.86% of the company's stock.

Hedge Funds Weigh In On Kohl's

Several hedge funds have recently made changes to their positions in KSS. Commonwealth Equity Services LLC boosted its holdings in shares of Kohl's by 8.3% in the second quarter. Commonwealth Equity Services LLC now owns 50,065 shares of the company's stock valued at $1,151,000 after acquiring an additional 3,848 shares during the period. Natixis Advisors LLC grew its stake in shares of Kohl's by 72.5% in the 2nd quarter. Natixis Advisors LLC now owns 22,727 shares of the company's stock valued at $522,000 after purchasing an additional 9,552 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Kohl's by 6.1% in the second quarter. Victory Capital Management Inc. now owns 42,133 shares of the company's stock valued at $969,000 after purchasing an additional 2,422 shares during the period. Arizona State Retirement System raised its stake in shares of Kohl's by 2.0% during the second quarter. Arizona State Retirement System now owns 31,049 shares of the company's stock worth $714,000 after purchasing an additional 623 shares during the last quarter. Finally, Choreo LLC acquired a new stake in shares of Kohl's during the second quarter worth $424,000. 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.