Kohl's (NYSE:KSS) Shares Down 19.8% - Here's Why

Kohl's Co. (NYSE:KSS - Get Free Report)'s stock price dropped 19.8% during mid-day trading on Thursday . The company traded as low as $7.03 and last traded at $6.90. Approximately 4,991,971 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 7,851,975 shares. The stock had previously closed at $8.60.

Analyst Upgrades and Downgrades

Several research firms have commented on KSS. Citigroup lowered their target price on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. UBS Group cut their price objective on Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a research note on Wednesday, March 12th. The Goldman Sachs Group reduced their target price on Kohl's from $13.00 to $11.25 and set a "sell" rating for the company in a report on Tuesday, March 4th. Jefferies Financial Group lowered their price target on Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Finally, Bank of America dropped their price target on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock 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 data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $11.87.

Kohl's Price Performance

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 stock's 50-day moving average price is $10.75 and its 200 day moving average price is $14.60. The firm has a market cap of $795.41 million, a price-to-earnings ratio of 3.22 and a beta of 1.65.

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Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.72 by $0.23. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The firm had revenue of $5.18 billion during the quarter, compared to analysts' expectations of $5.25 billion. During the same quarter in the prior year, the firm posted $1.67 EPS. The company's revenue for the quarter was down 9.4% on a year-over-year basis. Equities research analysts predict that Kohl's Co. will post 1.3 earnings per share for the current year.

Kohl's Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date was Friday, March 21st. Kohl's's payout ratio is 51.02%.

Institutional Trading of Kohl's

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in Kohl's during the fourth quarter valued at approximately $26,000. State of Wyoming acquired a new stake in Kohl's in the 4th quarter valued at $35,000. Bogart Wealth LLC bought a new stake in Kohl's in the fourth quarter valued at $35,000. Quarry LP raised its stake in Kohl's by 687.4% during the third quarter. Quarry LP now owns 4,858 shares of the company's stock worth $103,000 after acquiring an additional 4,241 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Kohl's by 58.5% during the fourth quarter. KBC Group NV now owns 5,347 shares of the company's stock valued at $75,000 after acquiring an additional 1,974 shares during the period. 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.