Kohl’s (NYSE:KSS) Sets New 12-Month Low – Here’s What Happened

Shares of Kohl’s Co. (NYSE:KSS) hit a new 52-week low during trading on Monday . The stock traded as low as $11.85 and last traded at $12.00, with a volume of 1092627 shares traded. The stock had previously closed at $12.08.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. TD Cowen decreased their price target on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th. Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $25.00 to $18.00 in a research report on Wednesday, November 27th. Gordon Haskett downgraded Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective on the stock. in a report on Tuesday, November 26th. Guggenheim cut Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. Finally, Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.70.

Kohl’s Stock Down 1.9 %

The firm has a fifty day simple moving average of $13.88 and a 200-day simple moving average of $17.31. The company has a market capitalization of $1.32 billion, a PE ratio of 5.34 and a beta of 1.85. 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 (NYSE:KSS) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 earnings per share. Equities research analysts anticipate that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 16.88%. The ex-dividend date was Wednesday, December 11th. Kohl’s’s dividend payout ratio is currently 90.09%.

Insider Activity

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction on 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 of the company’s stock, valued at $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 SEC, which is available through this link. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KSS. SBI Securities Co. Ltd. acquired a new stake in Kohl’s during the fourth quarter worth about $26,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Kohl’s by 183.8% in the 3rd 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 4th quarter valued at approximately $35,000. Farther Finance Advisors LLC grew its stake 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 buying an additional 1,034 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in Kohl’s in the third quarter worth $60,000. 98.04% of the stock is currently owned by institutional investors.

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.