Kohl's (NYSE:KSS) Stock Price Down 2.5% Following Analyst Downgrade

Kohl's Co. (NYSE:KSS - Get Free Report)'s stock price traded down 2.5% during trading on Tuesday after The Goldman Sachs Group lowered their price target on the stock from $7.50 to $4.00. The Goldman Sachs Group currently has a sell rating on the stock. Kohl's traded as low as $6.86 and last traded at $6.84. 1,183,051 shares traded hands during trading, a decline of 89% from the average session volume of 10,768,041 shares. The stock had previously closed at $7.02.

A number of other equities analysts also recently issued reports on the stock. Jefferies Financial Group dropped their price objective on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Telsey Advisory Group restated a "market perform" rating and set a $10.00 price objective on shares of Kohl's in a research note on Tuesday, April 1st. JPMorgan Chase & Co. cut their target price on Kohl's from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. UBS Group lowered their price target on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a report on Wednesday, March 12th. Finally, Robert W. Baird lowered their target price on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Six analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $11.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Kohl's in the fourth quarter valued at approximately $26,000. Bogart Wealth LLC acquired a new stake in shares of Kohl's in the fourth quarter valued at about $35,000. State of Wyoming purchased a new stake in shares of Kohl's during the fourth quarter worth about $35,000. Versant Capital Management Inc raised its position in shares of Kohl's by 3,022.6% during the 1st quarter. Versant Capital Management Inc now owns 6,089 shares of the company's stock worth $50,000 after purchasing an additional 5,894 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Kohl's by 360.2% in the 1st quarter. GAMMA Investing LLC now owns 6,456 shares of the company's stock valued at $53,000 after buying an additional 5,053 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Trading Down 1.9 %

The company has a 50 day simple moving average of $9.17 and a 200 day simple moving average of $13.42. The company has a market capitalization of $766.47 million, a PE ratio of 3.10 and a beta of 1.65. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05.

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

Kohl's Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date of this dividend was Friday, March 21st. Kohl's's dividend payout ratio (DPR) is presently 51.02%.

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.

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