Kohl's (NYSE:KSS) Rating Lowered to "Neutral" at Guggenheim

Guggenheim downgraded shares of Kohl's (NYSE:KSS - Free Report) from a buy rating to a neutral rating in a research report report published on Monday, Marketbeat.com reports.

Several other research analysts have also recently issued reports on the company. Telsey Advisory Group cut 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. TD Cowen cut their price objective on shares of Kohl's from $20.00 to $16.00 and set a "hold" rating on the stock in a report on Wednesday, November 27th. Gordon Haskett downgraded shares of Kohl's from a "hold" rating to a "reduce" rating and set a $11.00 target price for the company. in a report on Tuesday, November 26th. Robert W. Baird downgraded shares of Kohl's from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $25.00 to $18.00 in a research report on Wednesday, November 27th. Finally, Citigroup dropped their target price on shares of Kohl's from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, Kohl's has a consensus rating of "Hold" and a consensus price target of $17.22.

Kohl's Stock Up 3.1 %

Kohl's stock traded up $0.46 during midday trading on Monday, reaching $15.43. The stock had a trading volume of 18,404,434 shares, compared to its average volume of 6,484,559. The company has a current ratio of 1.05, a quick ratio of 0.16 and a debt-to-equity ratio of 0.97. Kohl's has a 12 month low of $14.22 and a 12 month high of $29.60. The company has a fifty day moving average price of $18.63 and a two-hundred day moving average price of $20.53. The company has a market capitalization of $1.72 billion, a P/E ratio of 6.97, a PEG ratio of 1.39 and a beta of 1.94.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (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 during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the business posted $0.53 EPS. The business's revenue for the quarter was down 8.5% compared to the same quarter last year. As a group, equities analysts expect that Kohl's will post 1.28 EPS for the current fiscal year.

Kohl's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.96%. 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 16,367 shares of the business's stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. The trade was a 10.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kohl's

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KSS. Brown Brothers Harriman & Co. boosted its holdings in shares of Kohl's by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company's stock worth $30,000 after acquiring an additional 917 shares during the period. Security National Bank bought a new stake in shares of Kohl's during the 2nd quarter valued at $34,000. Farther Finance Advisors LLC lifted its holdings in Kohl's by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company's stock worth $40,000 after purchasing an additional 1,034 shares in the last quarter. CWM LLC boosted its stake in Kohl's by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company's stock worth $44,000 after purchasing an additional 948 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Kohl's during the second quarter valued at about $49,000. 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.