Kohl’s (NYSE:KSS) Hits New 52-Week Low on Analyst Downgrade

Kohl’s Co. (NYSE:KSS)’s share price hit a new 52-week low on Tuesday after UBS Group lowered their price target on the stock from $10.00 to $5.00. UBS Group currently has a sell rating on the stock. Kohl’s traded as low as $9.88 and last traded at $10.12, with a volume of 7207929 shares. The stock had previously closed at $12.05.

A number of other analysts also recently issued reports on the company. Bank of America reduced their price objective on Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday. Citigroup lowered their price target on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Morgan Stanley reduced their price objective on Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday. Finally, Guggenheim cut shares of Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Six investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat, Kohl’s currently has a consensus rating of “Hold” and a consensus target price of $12.56.

Insider Activity at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction dated 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 in the company, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kohl’s

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in shares of Kohl’s in the 4th quarter valued at about $26,000. Brown Brothers Harriman & Co. lifted its stake in shares of Kohl’s by 183.8% during 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 period. Bogart Wealth LLC acquired a new stake in shares of Kohl’s during the fourth quarter worth $35,000. State of Wyoming purchased a new stake in Kohl’s in the 4th quarter valued at about $35,000. Finally, Farther Finance Advisors LLC grew its holdings in Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Down 6.5 %

The firm has a market capitalization of $952.33 million, a price-to-earnings ratio of 3.85 and a beta of 1.92. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The business has a fifty day moving average price of $12.47 and a 200 day moving average price of $15.95.

Kohl’s (NYSE:KSS) last released its quarterly earnings data 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. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 earnings per share. As a group, equities 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. Investors of record on Friday, March 21st will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.84%. The ex-dividend date of this dividend is Friday, March 21st. Kohl’s’s dividend payout ratio (DPR) is 90.09%.

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.