Shares of Kohl's Co. (NYSE:KSS - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $8.61, but opened at $8.40. Kohl's shares last traded at $8.39, with a volume of 1,197,501 shares trading hands.
Wall Street Analysts Forecast Growth
KSS has been the subject of a number of analyst reports. Jefferies Financial Group dropped their target price on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Citigroup cut their price objective on Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Robert W. Baird decreased their target price on Kohl's from $18.00 to $11.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $10.00 price target on shares of Kohl's in a research note on Tuesday. Finally, UBS Group decreased their price objective on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating for the company in a report on Wednesday, March 12th. Six research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $11.87.
Check Out Our Latest Report on KSS
Kohl's Stock Up 2.1 %
The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The stock's 50 day simple moving average is $11.21 and its two-hundred day simple moving average is $14.89. The firm has a market cap of $930.11 million, a P/E ratio of 3.76 and a beta of 1.92.
Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.23. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter last year, the company earned $1.67 EPS. The firm's revenue for the quarter was down 9.4% on a year-over-year basis. As a group, research analysts forecast that Kohl's Co. will post 1.3 earnings per share for the current year.
Kohl's Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 5.98%. Kohl's's dividend payout ratio is currently 51.02%.
Insider Transactions at Kohl's
In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the company's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the transaction, the executive vice president now directly owns 133,091 shares of the company's stock, valued at $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 bought and sold shares of the stock. FMR LLC raised its holdings in shares of Kohl's by 10.8% during the third 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. American Century Companies Inc. raised its stake in Kohl's by 11.7% during the 4th quarter. American Century Companies Inc. now owns 4,134,298 shares of the company's stock valued at $58,046,000 after buying an additional 433,264 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Kohl's by 3.3% during the 4th quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company's stock valued at $51,190,000 after buying an additional 117,819 shares during the period. Invesco Ltd. boosted its stake in shares of Kohl's by 1.6% in the 4th quarter. Invesco Ltd. now owns 2,292,746 shares of the company's stock worth $32,190,000 after buying an additional 36,622 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of Kohl's by 4.0% in the fourth quarter. Two Sigma Investments LP now owns 2,255,480 shares of the company's stock worth $31,667,000 after acquiring an additional 87,235 shares during the period. 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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