Kohl’s (NYSE:KSS) Reaches New 12-Month Low – What’s Next?

Shares of Kohl’s Co. (NYSE:KSS) hit a new 52-week low during trading on Tuesday . The company traded as low as $9.88 and last traded at $10.12, with a volume of 7207929 shares traded. The stock had previously closed at $12.05.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley lowered their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday, November 25th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $13.00 price target on shares of Kohl’s in a report on Tuesday. The Goldman Sachs Group reduced their price objective on Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a report on Tuesday, March 4th. Baird R W cut Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, TD Cowen reduced their target price on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, Kohl’s presently has an average rating of “Hold” and an average target price of $15.84.

Kohl’s Price Performance

The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The stock has a market cap of $1.06 billion, a P/E ratio of 4.32 and a beta of 1.92. The business has a 50-day simple moving average of $12.67 and a 200 day simple moving average of $16.08.

Kohl’s (NYSE:KSS) last released its quarterly 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. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter last year, the business earned $1.67 EPS. The company’s revenue was down 9.4% compared to the same quarter last year. On average, 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 declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.27%. Kohl’s’s dividend payout ratio (DPR) is currently 90.09%.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the sale, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of KSS. SBI Securities Co. Ltd. acquired a new position in shares of Kohl’s during the fourth quarter valued at about $26,000. Brown Brothers Harriman & Co. raised its stake in Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after buying an additional 917 shares during the period. Bogart Wealth LLC bought a new position in Kohl’s in the fourth quarter worth approximately $35,000. State of Wyoming acquired a new stake in Kohl’s in the fourth quarter valued at approximately $35,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after acquiring an additional 1,034 shares in the last quarter. Institutional investors and hedge funds 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.