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

Kohl's Co. (NYSE:KSS - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as $17.87 and last traded at $17.89, with a volume of 739123 shares trading hands. The stock had previously closed at $18.02.

Analyst Upgrades and Downgrades

KSS has been the topic of a number of research reports. Morgan Stanley downgraded Kohl's to an "underweight" rating and dropped their price target for the stock from $18.00 to $17.00 in a research note on Tuesday, August 27th. TD Cowen cut shares of Kohl's from a "buy" rating to a "hold" rating and decreased their price target for the stock from $25.00 to $21.00 in a research note on Friday, August 30th. JPMorgan Chase & Co. lowered shares of Kohl's from a "neutral" rating to an "underweight" rating and set a $19.00 price objective on the stock. in a research note on Thursday, August 29th. Telsey Advisory Group reissued a "market perform" rating and set a $23.00 price target on shares of Kohl's in a report on Wednesday, August 28th. Finally, Evercore ISI dropped their price target on Kohl's from $22.00 to $20.00 and set an "in-line" rating for the company in a research report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.29.

Kohl's Stock Up 3.1 %

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. The firm has a market cap of $2.07 billion, a P/E ratio of 7.28, a PEG ratio of 1.26 and a beta of 1.94. The firm's 50-day moving average price is $19.50 and its 200 day moving average price is $21.48.

Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.46 by $0.13. Kohl's had a return on equity of 7.43% and a net margin of 1.66%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm earned $0.52 EPS. The business's revenue was down 4.2% on a year-over-year basis. On average, equities research analysts expect that Kohl's Co. will post 1.8 earnings per share for the current fiscal year.

Kohl's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, September 11th. This represents a $2.00 annualized dividend and a yield of 10.77%. Kohl's's dividend payout ratio (DPR) is 78.43%.

Insider Buying and Selling at Kohl's

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the business's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the transaction, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Security National Bank bought a new stake in shares of Kohl's during the second quarter valued at approximately $34,000. Farther Finance Advisors LLC boosted its position in Kohl's by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company's stock worth $40,000 after acquiring an additional 1,034 shares during the period. CWM LLC grew its stake in shares of Kohl's by 97.1% in the second quarter. CWM LLC now owns 1,924 shares of the company's stock worth $44,000 after purchasing an additional 948 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Kohl's during the second quarter valued at $49,000. Finally, Summit Securities Group LLC raised its stake in shares of Kohl's by 50.0% during the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company's stock valued at $55,000 after purchasing an additional 800 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

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.