Telsey Advisory Group Cuts Kohl’s (NYSE:KSS) Price Target to $17.00

Kohl’s (NYSE:KSS) had its target price decreased by Telsey Advisory Group from $23.00 to $17.00 in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the stock.

Several other equities research analysts have also weighed in on the company. TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $25.00 to $21.00 in a report on Friday, August 30th. Robert W. Baird lowered Kohl’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $18.00 in a report on Wednesday. Citigroup decreased their price objective on Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Morgan Stanley cut their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 25th. Finally, Gordon Haskett downgraded Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price for the company. in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.22.

Kohl’s Trading Up 1.7 %

Shares of Kohl’s stock opened at $15.00 on Wednesday. Kohl’s has a 1 year low of $14.22 and a 1 year high of $29.60. The firm has a market cap of $1.67 billion, a PE ratio of 6.75, a P/E/G ratio of 1.37 and a beta of 1.94. The stock has a fifty day moving average price of $18.63 and a 200-day moving average price of $20.61. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.16.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data 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). Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the business posted $0.53 EPS. The company’s revenue was down 8.5% compared to the same quarter last year. Equities research analysts anticipate that Kohl’s will post 1.35 EPS for the current year.

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.34%. Kohl’s’s dividend payout ratio (DPR) is presently 90.09%.

Insider Activity

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the sale, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This trade represents a 10.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

Large investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. boosted its position in shares of Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after acquiring an additional 917 shares during the last quarter. Security National Bank purchased a new position in shares of Kohl’s during the 2nd quarter valued at about $34,000. Farther Finance Advisors LLC raised its holdings in shares of Kohl’s by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after buying an additional 1,034 shares in the last quarter. CWM LLC raised its holdings in shares of Kohl’s by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after buying an additional 948 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Kohl’s during the 2nd quarter valued at about $49,000. Institutional investors own 98.04% of the company’s stock.

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.