Kohl’s (NYSE:KSS) Sets New 52-Week Low – What’s Next?

Kohl’s Co. (NYSE:KSS) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.81 and last traded at $13.89, with a volume of 6357285 shares trading hands. The stock had previously closed at $14.25.

Wall Street Analyst Weigh In

Several research firms recently commented on KSS. Evercore ISI cut 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 report on Thursday, August 29th. TD Cowen cut their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Gordon Haskett cut Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target for the company. in a research report on Tuesday, November 26th. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a report on Thursday, August 29th. Finally, Morgan Stanley reduced their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday, November 25th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.22.

Kohl’s Price Performance

The business has a 50 day simple moving average of $17.45 and a two-hundred day simple moving average of $19.64. The firm has a market capitalization of $1.54 billion, a P/E ratio of 6.25, a price-to-earnings-growth ratio of 1.42 and a beta of 1.88. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the company posted $0.53 earnings per share. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, sell-side analysts expect that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.42%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio is currently 90.09%.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the sale, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. The trade was a 10.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KSS. Franklin Resources Inc. boosted its stake in shares of Kohl’s by 25.6% in the 3rd quarter. Franklin Resources Inc. now owns 45,179 shares of the company’s stock valued at $872,000 after purchasing an additional 9,196 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Kohl’s in the third quarter worth $215,000. Geode Capital Management LLC boosted its position in Kohl’s by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock valued at $38,541,000 after buying an additional 91,608 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Kohl’s during the third quarter valued at about $2,694,000. Finally, Whitebox Advisors LLC increased its holdings in shares of Kohl’s by 19.0% in the third quarter. Whitebox Advisors LLC now owns 62,770 shares of the company’s stock worth $1,324,000 after buying an additional 10,000 shares during the period. 98.04% of the stock is currently owned by institutional investors.

About Kohl’s

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.