Kohl’s Co. (NYSE:KSS) Receives $21.29 Consensus Price Target from Brokerages

Kohl’s Co. (NYSE:KSS) has earned a consensus rating of “Reduce” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $21.29.

A number of brokerages have recently issued reports on KSS. Evercore ISI cut their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. TD Cowen lowered shares of Kohl’s from a “buy” rating to a “hold” rating and reduced their price objective for the company from $25.00 to $21.00 in a research note on Friday, August 30th. Morgan Stanley downgraded shares of Kohl’s to an “underweight” rating and dropped their target price for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. Robert W. Baird reduced their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research note on Wednesday, August 28th.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at $2,636,116.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Kohl’s by 16.4% during the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock worth $361,127,000 after purchasing an additional 1,775,024 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Kohl’s by 21.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,567 shares of the company’s stock valued at $446,000 after acquiring an additional 2,754 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in Kohl’s in the fourth quarter worth approximately $1,127,000. GAMMA Investing LLC increased its stake in shares of Kohl’s by 32.5% during 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 during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Kohl’s during the 1st quarter valued at $7,637,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Stock Performance

NYSE:KSS opened at $20.80 on Wednesday. The company has a 50-day moving average of $19.65 and a 200-day moving average of $21.86. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 1.31 and a beta of 1.93. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. Kohl’s has a twelve month low of $17.89 and a twelve month high of $29.60.

Kohl’s (NYSE:KSS) last issued its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Analysts forecast that Kohl’s will post 1.8 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 9.62%. The ex-dividend date was Wednesday, September 11th. Kohl’s’s payout ratio is presently 80.65%.

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.