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

Kohl’s Co. (NYSE:KSS) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.96 and last traded at $13.04, with a volume of 10191437 shares changing hands. The stock had previously closed at $13.68.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Baird R W cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Robert W. Baird downgraded shares of Kohl’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $18.00 in a research report on Wednesday, November 27th. Citigroup dropped their target price on Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. TD Cowen reduced their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Finally, Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.22.

Kohl’s Stock Down 4.7 %

The firm has a 50 day moving average of $15.42 and a two-hundred day moving average of $18.47. The stock has a market capitalization of $1.45 billion, a PE ratio of 5.87, a P/E/G ratio of 1.38 and a beta of 1.87. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. Equities research analysts anticipate that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 15.34%. The ex-dividend date of this dividend was Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is presently 90.09%.

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the sale, the executive vice president now owns 133,091 shares of the company’s stock, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its position 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 valued at $30,000 after buying an additional 917 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after acquiring an additional 1,034 shares during the period. Abich Financial Wealth Management LLC acquired a new position in Kohl’s in the 2nd quarter valued at $49,000. Quest Partners LLC purchased a new position in shares of Kohl’s during the 3rd quarter worth $60,000. Finally, Blue Trust Inc. boosted its holdings in shares of Kohl’s by 1,756.0% during the third quarter. Blue Trust Inc. now owns 3,842 shares of the company’s stock worth $88,000 after purchasing an additional 3,635 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

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.