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

Kohl's Co. (NYSE:KSS - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $13.77 and last traded at $13.78, with a volume of 1697167 shares trading hands. The stock had previously closed at $14.36.

Analyst Upgrades and Downgrades

KSS has been the topic of several recent research reports. Gordon Haskett cut shares of Kohl's from a "hold" rating to a "reduce" rating and set a $11.00 price objective on the stock. in a research note on Tuesday, November 26th. Morgan Stanley reduced their target price on shares of Kohl's from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Monday, November 25th. TD Cowen dropped their price target on shares of Kohl's from $20.00 to $16.00 and set a "hold" rating on the stock in a research note on Wednesday, November 27th. Citigroup reduced their price objective on Kohl's from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Wednesday, November 27th. Finally, Robert W. Baird cut Kohl's from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $25.00 to $18.00 in a report on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $17.22.

Kohl's Price Performance

The stock has a 50 day simple moving average of $16.44 and a 200-day simple moving average of $19.10. The firm has a market cap of $1.54 billion, a PE ratio of 6.24, a price-to-earnings-growth ratio of 1.38 and a beta of 1.88. 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 (NYSE:KSS - Get Free Report) last released its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $3.71 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter in the prior year, the business posted $0.53 EPS. The business's revenue for the quarter was down 8.5% compared to the same quarter last year. Equities analysts anticipate that Kohl's Co. will post 1.3 earnings per share for the current fiscal year.

Kohl's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 14.43%. The ex-dividend date of this dividend was Wednesday, December 11th. Kohl's's payout ratio is currently 90.09%.

Insider Buying and Selling

In other Kohl's news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm'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. This trade represents a 10.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.86% of the stock is owned by company insiders.

Institutional Trading of Kohl's

Several hedge funds have recently made changes to their positions in KSS. Franklin Resources Inc. increased its position in shares of Kohl's by 25.6% during the 3rd 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 last quarter. Wilmington Savings Fund Society FSB bought a new position in Kohl's during the third quarter valued at $215,000. Geode Capital Management LLC lifted its holdings in shares of Kohl's by 5.3% in the 3rd 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 last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Kohl's during the 3rd quarter worth about $2,694,000. Finally, Whitebox Advisors LLC grew its holdings in Kohl's by 19.0% during the 3rd quarter. Whitebox Advisors LLC now owns 62,770 shares of the company's stock valued at $1,324,000 after purchasing an additional 10,000 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

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.