Kohl's (NYSE:KSS) Hits New 52-Week Low After Analyst Downgrade

Shares of Kohl's Co. (NYSE:KSS - Get Free Report) reached a new 52-week low during trading on Wednesday after Telsey Advisory Group lowered their price target on the stock from $17.00 to $13.00. Telsey Advisory Group currently has a market perform rating on the stock. Kohl's traded as low as $10.91 and last traded at $11.36, with a volume of 9041826 shares trading hands. The stock had previously closed at $11.33.

Other equities analysts have also recently issued reports about the stock. Citigroup dropped their target price on shares of Kohl's from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Wednesday, November 27th. TD Cowen lowered their price objective on shares of Kohl's from $20.00 to $16.00 and set a "hold" rating for the company in a research report on Wednesday, November 27th. The Goldman Sachs Group lowered their price target on Kohl's from $13.00 to $11.25 and set a "sell" rating for the company in a report on Tuesday. Baird R W cut Kohl's from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, Guggenheim cut shares of Kohl's from a "buy" rating to a "neutral" rating in a report on Monday, December 2nd. Four 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, Kohl's currently has an average rating of "Hold" and an average target price of $15.84.

Insider Buying and Selling

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm's stock in a transaction on 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 transaction, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KSS. Pacer Advisors Inc. boosted its holdings in Kohl's by 149.3% in 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 during the last quarter. FMR LLC lifted its stake in shares of Kohl's by 10.8% in the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company's stock valued at $159,859,000 after purchasing an additional 740,398 shares during the period. American Century Companies Inc. boosted its position in shares of Kohl's by 11.7% during the 4th quarter. American Century Companies Inc. now owns 4,134,298 shares of the company's stock valued at $58,046,000 after purchasing an additional 433,264 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Kohl's by 3.3% during the fourth quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company's stock worth $51,190,000 after purchasing an additional 117,819 shares during the period. Finally, Invesco Ltd. increased its holdings in Kohl's by 1.6% in the fourth quarter. Invesco Ltd. now owns 2,292,746 shares of the company's stock worth $32,190,000 after purchasing an additional 36,622 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

Kohl's Stock Performance

The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 5.11 and a beta of 1.85. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The company has a 50 day simple moving average of $12.88 and a 200-day simple moving average of $16.30.

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.