Kohl’s (NYSE:KSS) Sets New 12-Month Low After Earnings Miss

Shares of Kohl’s Co. (NYSE:KSS) reached a new 52-week low during mid-day trading on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $14.53 and last traded at $14.62, with a volume of 8607233 shares trading hands. The stock had previously closed at $18.34.

The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue was down 8.5% on a year-over-year basis.

Kohl’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors 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 yield of 13.61%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is 78.43%.

Analysts Set New Price Targets

Several analysts recently issued reports on KSS shares. JPMorgan Chase & Co. downgraded Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target for the company. in a report on Thursday, August 29th. Evercore ISI decreased their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Citigroup dropped their price objective on Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price target on shares of Kohl’s in a report on Wednesday, August 28th. Finally, TD Cowen downgraded shares of Kohl’s from a “buy” rating to a “hold” rating and dropped their target price for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.14.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction dated 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. The trade was a 10.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kohl’s

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC boosted its stake in shares of Kohl’s by 626.4% during the 1st quarter. Acadian Asset Management LLC now owns 5,063 shares of the company’s stock valued at $147,000 after buying an additional 4,366 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of Kohl’s by 2.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 148,046 shares of the company’s stock worth $4,319,000 after purchasing an additional 4,173 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Kohl’s by 23.0% during the 1st quarter. Tidal Investments LLC now owns 15,942 shares of the company’s stock valued at $465,000 after buying an additional 2,982 shares during the last quarter. Hancock Whitney Corp acquired a new position in Kohl’s in the first quarter worth approximately $1,708,000. Finally, EMC Capital Management raised its position in Kohl’s by 231.8% during the first quarter. EMC Capital Management now owns 7,891 shares of the company’s stock valued at $230,000 after acquiring an additional 5,513 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Kohl’s Price Performance

The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 5.73, a PEG ratio of 1.20 and a beta of 1.94. The stock’s 50 day simple moving average is $18.93 and its 200-day simple moving average is $20.83. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16.

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.