Kohl’s (NYSE:KSS) Cut to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Kohl’s (NYSE:KSS) from a neutral rating to an underweight rating in a research report report published on Thursday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $19.00 price target on the stock.

A number of other research analysts have also commented on KSS. Telsey Advisory Group reissued a market perform rating and set a $23.00 price target on shares of Kohl’s in a report on Wednesday. Robert W. Baird reduced their price target on shares of Kohl’s from $32.00 to $27.00 and set an outperform rating for the company in a research note on Friday, May 31st. TD Cowen lowered their price objective on shares of Kohl’s from $31.00 to $25.00 and set a buy rating on the stock in a research note on Friday, May 31st. Morgan Stanley downgraded Kohl’s to an underweight rating and cut their target price for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. Finally, StockNews.com cut Kohl’s from a buy rating to a hold rating in a research report on Friday, May 31st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $20.67.

Kohl’s Stock Down 1.9 %

KSS stock opened at $19.39 on Thursday. The stock has a market cap of $2.16 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 1.21 and a beta of 1.95. The firm’s 50-day simple moving average is $20.99 and its 200 day simple moving average is $23.75. Kohl’s has a fifty-two week low of $17.68 and a fifty-two week high of $29.60. The company has a quick ratio of 0.19, a current ratio of 1.08 and a debt-to-equity ratio of 0.98.

Kohl’s (NYSE:KSS) last announced 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. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. Kohl’s’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. As a group, sell-side analysts predict that Kohl’s will post 1.79 EPS for the current year.

Kohl’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.31%. The ex-dividend date is Wednesday, September 11th. Kohl’s’s payout ratio is 80.65%.

Institutional Investors Weigh In On Kohl’s

Hedge funds have recently modified their holdings of the stock. CWM LLC increased its stake in Kohl’s by 59.7% in the 4th quarter. CWM LLC now owns 1,145 shares of the company’s stock worth $33,000 after purchasing an additional 428 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in Kohl’s by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 49,007 shares of the company’s stock worth $1,406,000 after purchasing an additional 470 shares in the last quarter. GAMMA Investing LLC increased its stake in Kohl’s by 32.5% in the 1st quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock worth $62,000 after purchasing an additional 523 shares in the last quarter. Parallel Advisors LLC increased its stake in Kohl’s by 14.3% in the 4th quarter. Parallel Advisors LLC now owns 4,581 shares of the company’s stock worth $131,000 after purchasing an additional 572 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Kohl’s by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 31,049 shares of the company’s stock worth $714,000 after purchasing an additional 623 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

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.