Kohl’s’ (KSS) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Kohl’s (NYSE:KSS) in a report released on Tuesday,Benzinga reports. The firm currently has a $10.00 target price on the stock.

Several other brokerages also recently commented on KSS. UBS Group lowered their price target on Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, March 12th. Bank of America cut their price objective on Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research report on Wednesday, March 12th. Morgan Stanley lowered their target price on Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, March 12th. Robert W. Baird cut their price target on Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group reduced their price target on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a report on Tuesday, March 4th. Six research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.87.

Kohl’s Trading Down 22.7 %

Shares of KSS stock opened at $6.65 on Tuesday. The stock has a fifty day moving average of $10.88 and a two-hundred day moving average of $14.71. The firm has a market capitalization of $739.75 million, a PE ratio of 2.99 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. Kohl’s has a 1 year low of $6.31 and a 1 year high of $28.25.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same period in the prior year, the business earned $1.67 earnings per share. The business’s quarterly revenue was down 9.4% on a year-over-year basis. As a group, research analysts expect that Kohl’s will post 1.3 EPS for the current year.

Kohl’s Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 7.52%. The ex-dividend date of this dividend was Friday, March 21st. Kohl’s’s payout ratio is 51.02%.

Institutional Investors Weigh In On Kohl’s

A number of hedge funds and other institutional investors have recently modified their holdings of KSS. SBI Securities Co. Ltd. bought a new stake in shares of Kohl’s in the fourth quarter valued at approximately $26,000. Bogart Wealth LLC acquired a new position in shares of Kohl’s in the 4th quarter valued at approximately $35,000. State of Wyoming acquired a new stake in shares of Kohl’s during the 4th quarter worth approximately $35,000. Versant Capital Management Inc increased its stake in Kohl’s by 3,022.6% in the first quarter. Versant Capital Management Inc now owns 6,089 shares of the company’s stock valued at $50,000 after acquiring an additional 5,894 shares during the last quarter. Finally, KBC Group NV raised its position in Kohl’s by 58.5% during the fourth quarter. KBC Group NV now owns 5,347 shares of the company’s stock valued at $75,000 after purchasing an additional 1,974 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.