Kohl’s Co. (NYSE:KSS) Receives $20.67 Average PT from Brokerages

Kohl’s Co. (NYSE:KSS) has received a consensus rating of “Reduce” from the seven research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $21.29.

KSS has been the subject of several analyst reports. StockNews.com downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Friday, May 31st. TD Cowen downgraded 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 research report on Friday, August 30th. 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 research report on Thursday, August 29th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price objective on shares of Kohl’s in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a research report on Thursday, August 29th.

Kohl’s Price Performance

Shares of NYSE KSS opened at $20.90 on Friday. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 1.32 and a beta of 1.93. Kohl’s has a twelve month low of $17.68 and a twelve month high of $29.60. The business has a 50 day simple moving average of $19.86 and a 200-day simple moving average of $22.71. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, topping 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 firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. Kohl’s’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, equities research analysts expect that Kohl’s will post 1.8 earnings per share for the current year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $2.00 dividend on an annualized basis and a yield of 9.57%. Kohl’s’s dividend payout ratio (DPR) is currently 80.65%.

Hedge Funds Weigh In On Kohl’s

A number of hedge funds have recently added to or reduced their stakes in KSS. Hsbc Holdings PLC boosted its holdings in Kohl’s by 254.9% in the fourth quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock worth $22,822,000 after purchasing an additional 570,745 shares in the last quarter. Hexagon Capital Partners LLC increased its position in Kohl’s by 49.9% in the 2nd quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock worth $88,000 after buying an additional 1,281 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in Kohl’s by 22.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 265,310 shares of the company’s stock valued at $7,787,000 after purchasing an additional 49,209 shares during the last quarter. Norges Bank acquired a new position in shares of Kohl’s during the fourth quarter valued at about $34,583,000. Finally, Allianz Asset Management GmbH raised its holdings in Kohl’s by 6.4% in the 4th quarter. Allianz Asset Management GmbH now owns 3,340,746 shares of the company’s stock valued at $95,813,000 after acquiring an additional 199,618 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.