Kohl’s Corporation (NYSE:KSS – Get Free Report) traded down 5.9% on Monday . The stock traded as low as $17.21 and last traded at $17.1110. 763,151 shares traded hands during trading, a decline of 84% from the average daily volume of 4,834,533 shares. The stock had previously closed at $18.19.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. UBS Group raised their price objective on shares of Kohl’s from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Friday, May 29th. Citigroup raised Kohl’s from a “neutral” rating to a “buy” rating and boosted their target price for the company from $14.00 to $22.00 in a research report on Monday, June 1st. Wall Street Zen downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Finally, The Goldman Sachs Group lowered their price objective on Kohl’s from $15.00 to $13.00 and set a “sell” rating for the company in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat.com, Kohl’s currently has an average rating of “Reduce” and a consensus target price of $15.31.
Check Out Our Latest Stock Report on KSS
Kohl’s Trading Down 5.5%
Kohl’s (NYSE:KSS – Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.05. Kohl’s had a return on equity of 4.67% and a net margin of 1.76%.The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company posted ($0.13) earnings per share. Kohl’s’s quarterly revenue was down 1.7% compared to the same quarter last year. Kohl’s has set its FY 2026 guidance at 1.000-1.600 EPS. On average, equities research analysts anticipate that Kohl’s Corporation will post 1.38 earnings per share for the current year.
Kohl’s Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Wednesday, June 10th. Kohl’s’s payout ratio is presently 21.19%.
Hedge Funds Weigh In On Kohl’s
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in Kohl’s by 233.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,666 shares of the company’s stock valued at $34,000 after buying an additional 1,167 shares during the period. IFP Advisors Inc raised its position in Kohl’s by 3,777.6% in the third quarter. IFP Advisors Inc now owns 1,900 shares of the company’s stock worth $31,000 after acquiring an additional 1,851 shares during the period. Plato Investment Management Ltd purchased a new position in Kohl’s in the fourth quarter valued at about $42,000. Hantz Financial Services Inc. boosted its stake in Kohl’s by 164.7% in the fourth quarter. Hantz Financial Services Inc. now owns 2,102 shares of the company’s stock valued at $43,000 after acquiring an additional 1,308 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Kohl’s during the 4th quarter valued at approximately $45,000. 98.04% of the stock is owned by hedge funds and other institutional investors.
About Kohl’s
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.
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