Analysts Set Kohl's Co. (NYSE:KSS) PT at $20.67

Shares of Kohl's Co. (NYSE:KSS - Get Free Report) have earned a consensus recommendation of "Reduce" from the eight ratings firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $20.67.

A number of analysts have weighed in on the stock. Morgan Stanley cut shares of Kohl's to an "underweight" rating and dropped their target price for the stock from $18.00 to $17.00 in a report on Tuesday, August 27th. TD Cowen cut shares of Kohl's from a "buy" rating to a "hold" rating and cut their target price for the stock from $25.00 to $21.00 in a report on Friday, August 30th. StockNews.com lowered Kohl's from a "buy" rating to a "hold" rating in a report on Friday, May 31st. JPMorgan Chase & Co. cut Kohl's from a "neutral" rating to an "underweight" rating and set a $19.00 price target on the stock. in a research report on Thursday, August 29th. Finally, Robert W. Baird reduced their price objective on Kohl's from $27.00 to $25.00 and set an "outperform" rating for the company in a research report on Thursday, August 29th.

Kohl's Stock Up 0.3 %

Shares of KSS stock traded up $0.06 during trading hours on Friday, hitting $18.68. 19,075,655 shares of the company were exchanged, compared to its average volume of 5,980,067. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 7.53, a P/E/G ratio of 1.32 and a beta of 1.93. Kohl's has a one year low of $17.68 and a one year high of $29.60. The business's 50-day simple moving average is $20.07 and its two-hundred day simple moving average is $22.88. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08.

Kohl's (NYSE:KSS - Get Free Report) last released its earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.13. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. Kohl's had a return on equity of 7.43% and a net margin of 1.66%. Kohl's's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. Sell-side analysts predict that Kohl's will post 1.81 EPS for the current fiscal year.

Kohl's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 10.71%. The ex-dividend date is Wednesday, September 11th. Kohl's's payout ratio is currently 80.65%.

Institutional Investors Weigh In On Kohl's

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Security National Bank bought a new stake in shares of Kohl's during the 2nd quarter worth about $34,000. CWM LLC lifted its position in Kohl's by 97.1% in the second 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. Abich Financial Wealth Management LLC acquired a new stake in Kohl's in the second quarter worth approximately $49,000. Register Financial Advisors LLC bought a new position in Kohl's during the 1st quarter valued at $54,000. Finally, Summit Securities Group LLC increased its position in shares of Kohl's by 50.0% during the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company's stock valued at $55,000 after purchasing an additional 800 shares during the period. 98.04% of the stock is currently owned by institutional investors.

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.