Kohl’s (NYSE:KSS) Price Target Lowered to $18.00 at Citigroup

Kohl’s (NYSE:KSS) had its target price reduced by Citigroup from $19.00 to $18.00 in a report published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Kohl’s in a research note on Wednesday, August 28th. Morgan Stanley lowered shares of Kohl’s to an “underweight” rating and cut their price target for the company from $18.00 to $17.00 in a report on Tuesday, August 27th. Robert W. Baird reduced their price objective on Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price for the company. in a research note on Thursday, August 29th. Finally, TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and lowered their price target for the company from $25.00 to $21.00 in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.43.

Kohl’s Stock Down 3.4 %

Shares of Kohl’s stock opened at $17.38 on Monday. Kohl’s has a 1-year low of $17.22 and a 1-year high of $29.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. The company has a market capitalization of $1.93 billion, a PE ratio of 6.82, a P/E/G ratio of 1.24 and a beta of 1.94. The business has a 50-day moving average of $19.22 and a 200-day moving average of $21.13.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the business posted $0.52 EPS. The company’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, equities analysts forecast that Kohl’s will post 1.81 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 11.51%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s payout ratio is 78.43%.

Insider Activity

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now directly 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 filing with the SEC, which is accessible through this link. 0.86% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kohl’s

Several institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. grew its position in shares of Kohl’s by 149.3% in the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after acquiring an additional 9,925,878 shares during the period. FMR LLC boosted its position in shares of Kohl’s by 10.8% during the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after acquiring an additional 740,398 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kohl’s by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock valued at $147,923,000 after purchasing an additional 52,126 shares during the last quarter. American Century Companies Inc. grew its position in Kohl’s by 26.3% in the second quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock valued at $71,126,000 after acquiring an additional 643,913 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Kohl’s by 348.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after purchasing an additional 1,694,162 shares in the last quarter. 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.