Brokerages Set Kohl’s Co. (NYSE:KSS) Price Target at $12.56

Kohl’s Co. (NYSE:KSS) has been assigned an average recommendation of “Reduce” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $12.10.

A number of equities analysts have recently commented on the stock. Morgan Stanley cut their target price on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, March 12th. The Goldman Sachs Group lowered their price objective on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a research report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their target price on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, March 11th. Baird R W lowered Kohl’s from a “strong-buy” rating to a “hold” rating 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.

Kohl’s Stock Performance

NYSE KSS opened at $8.31 on Friday. The company has a fifty day moving average of $11.71 and a two-hundred day moving average of $15.43. The company has a market capitalization of $924.50 million, a PE ratio of 3.74 and a beta of 1.92. Kohl’s has a 1 year low of $7.96 and a 1 year high of $29.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

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

Kohl’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date is Friday, March 21st. Kohl’s’s dividend payout ratio is presently 51.02%.

Insider Buying and Selling at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the transaction, the executive vice president now owns 133,091 shares in the company, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by corporate insiders.

Institutional Trading of Kohl’s

A number of institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Kohl’s during the 4th quarter valued at approximately $26,000. Brown Brothers Harriman & Co. raised its holdings in Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after purchasing an additional 917 shares during the last quarter. Bogart Wealth LLC acquired a new position in Kohl’s during the fourth quarter worth $35,000. State of Wyoming purchased a new stake in shares of Kohl’s in the 4th quarter worth about $35,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of 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 in the last quarter. Hedge funds and other 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.