Kohl’s (NYSE:KSS) Cut to Hold at TD Cowen

TD Cowen downgraded shares of Kohl’s (NYSE:KSS) from a buy rating to a hold rating in a research report released on Friday, MarketBeat Ratings reports. They currently have $21.00 target price on the stock, down from their previous target price of $25.00.

Several other equities research analysts also recently weighed in on KSS. Evercore ISI reduced their price objective on shares of Kohl’s from $22.00 to $20.00 and set an in-line rating for the company in a report on Thursday. JPMorgan Chase & Co. downgraded shares of Kohl’s from a neutral rating to an underweight rating and set a $19.00 price objective for the company. in a report on Thursday. Telsey Advisory Group reaffirmed a market perform rating and issued a $23.00 price objective on shares of Kohl’s in a report on Wednesday, August 28th. Robert W. Baird reduced their price objective on shares of Kohl’s from $27.00 to $25.00 and set an outperform rating for the company in a report on Thursday. Finally, StockNews.com downgraded shares of Kohl’s from a buy rating to a hold rating in a report on Friday, May 31st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $20.67.

Kohl’s Stock Performance

Shares of KSS opened at $19.39 on Friday. Kohl’s has a 1 year low of $17.68 and a 1 year high of $29.60. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 1.21 and a beta of 1.95. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.19 and a current ratio of 1.08. The firm has a fifty day moving average of $20.99 and a 200-day moving average of $23.72.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Kohl’s will post 1.79 earnings per share for the current year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $2.00 annualized dividend and a yield of 10.31%. Kohl’s’s payout ratio is presently 80.65%.

Institutional Trading of Kohl’s

Several institutional investors and hedge funds have recently bought and sold shares of KSS. Squarepoint Ops LLC raised its holdings in Kohl’s by 6,076.8% during the 2nd quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock worth $42,175,000 after buying an additional 1,804,809 shares during the period. Vanguard Group Inc. increased its holdings in shares of Kohl’s by 16.4% in the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock valued at $361,127,000 after purchasing an additional 1,775,024 shares during the period. AQR Capital Management LLC increased its holdings in shares of Kohl’s by 348.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock valued at $50,118,000 after purchasing an additional 1,694,162 shares during the period. Norges Bank acquired a new position in shares of Kohl’s in the 4th quarter valued at about $34,583,000. Finally, Vision One Management Partners LP acquired a new position in shares of Kohl’s in the 4th quarter valued at about $28,413,000. 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.