Kohl's Co. (NYSE:KSS - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.31 and last traded at $6.65, with a volume of 37079279 shares. The stock had previously closed at $8.60.
Wall Street Analyst Weigh In
A number of research analysts have commented on KSS shares. Telsey Advisory Group reaffirmed a "market perform" rating and set a $10.00 price target on shares of Kohl's in a research report on Tuesday, April 1st. Morgan Stanley decreased their target price on Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a report on Wednesday, March 12th. The Goldman Sachs Group cut their price target on shares of Kohl's from $13.00 to $11.25 and set a "sell" rating on the stock in a report on Tuesday, March 4th. JPMorgan Chase & Co. decreased their price objective on shares of Kohl's from $11.00 to $9.00 and set an "underweight" rating for the company in a report on Tuesday, March 11th. Finally, UBS Group dropped their target price on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating for the company in a research report on Wednesday, March 12th. Six analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $11.87.
Read Our Latest Research Report on KSS
Kohl's Price Performance
The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The company has a market cap of $755.44 million, a PE ratio of 3.06 and a beta of 1.65. The firm has a 50 day moving average of $10.75 and a two-hundred day moving average of $14.57.
Kohl's (NYSE:KSS - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.23. The firm had revenue of $5.18 billion for the quarter, compared to analysts' expectations of $5.25 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company's quarterly revenue was down 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. Research analysts predict that Kohl's Co. will post 1.3 earnings per share for the current fiscal year.
Kohl's Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.50 annualized dividend and a yield of 7.37%. Kohl's's dividend payout ratio (DPR) is presently 51.02%.
Institutional Investors Weigh In On Kohl's
A number of institutional investors have recently made changes to their positions in the company. Dana Investment Advisors Inc. boosted its stake in Kohl's by 56.7% during the 4th quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company's stock valued at $3,554,000 after purchasing an additional 91,590 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Kohl's by 155.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company's stock valued at $13,246,000 after buying an additional 573,579 shares during the last quarter. Hussman Strategic Advisors Inc. increased its holdings in Kohl's by 66.7% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company's stock worth $1,474,000 after buying an additional 42,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Kohl's by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock worth $24,873,000 after buying an additional 55,540 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Kohl's by 117.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 467,030 shares of the company's stock worth $6,557,000 after buying an additional 252,006 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.
About Kohl's
(
Get Free Report)
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.
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