Kohl’s (NYSE:KSS) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Kohl’s (NYSE:KSS) from a buy rating to a hold rating in a report issued on Saturday.

Several other equities research analysts have also recently weighed in on KSS. Zacks Research raised shares of Kohl’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Evercore ISI upped their price target on shares of Kohl’s from $13.00 to $21.00 and gave the stock an “in-line” rating in a report on Tuesday, November 25th. Jefferies Financial Group increased their price target on shares of Kohl’s from $20.00 to $24.00 and gave the stock a “hold” rating in a research report on Friday, December 12th. The Goldman Sachs Group boosted their price objective on shares of Kohl’s from $11.00 to $15.00 and gave the company a “sell” rating in a research report on Wednesday, November 26th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Kohl’s in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $15.73.

Kohl’s Stock Performance

NYSE KSS opened at $20.50 on Friday. The firm has a 50-day moving average price of $20.52 and a two-hundred day moving average price of $16.11. Kohl’s has a 12-month low of $6.04 and a 12-month high of $25.22. The company has a market capitalization of $2.30 billion, a P/E ratio of 11.92 and a beta of 1.42. The company has a quick ratio of 0.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.99.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.29. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Kohl’s had a return on equity of 4.30% and a net margin of 1.23%.The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 earnings per share. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. Analysts anticipate that Kohl’s will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.4%. Kohl’s’s payout ratio is currently 29.07%.

Insiders Place Their Bets

In related news, CFO Jill Timm sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief financial officer directly owned 325,561 shares of the company’s stock, valued at $7,813,464. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Kohl’s

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new stake in Kohl’s in the third quarter valued at approximately $28,000. IFP Advisors Inc raised its holdings in Kohl’s by 3,777.6% during the 3rd quarter. IFP Advisors Inc now owns 1,900 shares of the company’s stock worth $31,000 after purchasing an additional 1,851 shares during the last quarter. Caldwell Trust Co acquired a new position in shares of Kohl’s in the 3rd quarter worth approximately $33,000. Future Financial Wealth Managment LLC boosted its stake in shares of Kohl’s by 400.0% in the 3rd quarter. Future Financial Wealth Managment LLC now owns 2,500 shares of the company’s stock valued at $38,000 after purchasing an additional 2,000 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Kohl’s during the third quarter worth $39,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl’s Company Profile

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.