Brokerages Set Kohl’s Co. (NYSE:KSS) Target Price at $21.29

Kohl’s Co. (NYSE:KSS) has earned a consensus rating of “Reduce” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $21.29.

Several analysts have commented on KSS shares. TD Cowen lowered shares of Kohl’s from a “buy” rating to a “hold” rating and decreased their price target for the company from $25.00 to $21.00 in a research report on Friday, August 30th. Robert W. Baird decreased their target price 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 reaffirmed a “market perform” rating and issued a $23.00 price target on shares of Kohl’s in a report on Wednesday, August 28th. Evercore ISI decreased their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. Finally, Morgan Stanley downgraded Kohl’s to an “underweight” rating and dropped their target price for the stock from $18.00 to $17.00 in a research note on Tuesday, August 27th.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kohl’s

A number of large investors have recently bought and sold shares of KSS. Brown Brothers Harriman & Co. lifted its stake in 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 period. Security National Bank purchased a new stake in Kohl’s in the second quarter valued at $34,000. Farther Finance Advisors LLC grew its position in Kohl’s by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after purchasing an additional 1,034 shares during the period. CWM LLC raised its stake 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 during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Kohl’s in the 2nd quarter valued at about $49,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Performance

Shares of KSS stock opened at $18.00 on Friday. The company’s 50 day moving average is $19.22 and its 200 day moving average is $21.17. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 1.25 and a beta of 1.94. Kohl’s has a 52-week low of $17.41 and a 52-week high of $29.60.

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 analysts’ consensus estimates of $0.46 by $0.13. The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.52 EPS. On average, sell-side analysts anticipate that Kohl’s will post 1.81 EPS for the current fiscal year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 11.11%. The ex-dividend date is Wednesday, December 11th. Kohl’s’s payout ratio is 78.43%.

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.