Kohl's (NYSE:KSS) Hits New 1-Year Low - Here's Why

Kohl's Co. (NYSE:KSS - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $12.96 and last traded at $13.04, with a volume of 10191437 shares changing hands. The stock had previously closed at $13.68.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on KSS shares. Telsey Advisory Group dropped their target price on Kohl's from $23.00 to $17.00 and set a "market perform" rating on the stock in a research report on Wednesday, November 27th. Guggenheim downgraded shares of Kohl's from a "buy" rating to a "neutral" rating in a report on Monday, December 2nd. Morgan Stanley cut their price target on Kohl's from $17.00 to $15.00 and set an "underweight" rating for the company in a research note on Monday, November 25th. TD Cowen dropped their price objective on Kohl's from $20.00 to $16.00 and set a "hold" rating for the company in a research note on Wednesday, November 27th. Finally, Citigroup lowered their price target on Kohl's from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat, Kohl's has an average rating of "Hold" and a consensus price target of $17.22.

Kohl's Stock Performance

The company has a market cap of $1.43 billion, a P/E ratio of 5.78 and a beta of 1.87. The business has a 50-day moving average of $15.20 and a two-hundred day moving average of $18.36. 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 issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 EPS 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 for the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter in the prior year, the company posted $0.53 EPS. The business's revenue for the quarter was down 8.5% on a year-over-year basis. On average, sell-side analysts predict that Kohl's Co. will post 1.31 EPS for the current fiscal year.

Kohl's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $2.00 annualized dividend and a yield of 15.58%. Kohl's's dividend payout ratio (DPR) is presently 90.09%.

Insider Buying and Selling at Kohl's

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 133,091 shares in the company, valued at $1,869,928.55. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.86% of the company's stock.

Hedge Funds Weigh In On Kohl's

Several hedge funds and other institutional investors have recently made changes to their positions in KSS. Pacer Advisors Inc. lifted its position in Kohl's by 149.3% during the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company's stock worth $349,671,000 after buying an additional 9,925,878 shares in 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 last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kohl's by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company's stock worth $147,923,000 after purchasing an additional 52,126 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Kohl's by 348.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company's stock worth $50,118,000 after acquiring an additional 1,694,162 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of Kohl's by 6,076.8% in the second quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company's stock valued at $42,175,000 after buying an additional 1,804,809 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

About Kohl's

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.