Jefferies Financial Group Cuts Kohl’s (NYSE:KSS) Price Target to $12.00

Kohl’s (NYSE:KSS) had its price objective lowered by Jefferies Financial Group from $15.00 to $12.00 in a report published on Tuesday,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other analysts have also weighed in on the stock. Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating 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 target price for the company. in a research note on Tuesday, November 26th. Morgan Stanley cut their price target on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, November 25th. Robert W. Baird cut Kohl’s from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $25.00 to $18.00 in a report on Wednesday, November 27th. Finally, Citigroup dropped their price objective on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.70.

Kohl’s Trading Down 1.7 %

Shares of KSS opened at $12.78 on Tuesday. The stock has a fifty day moving average price of $13.98 and a two-hundred day moving average price of $17.44. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 5.75 and a beta of 1.85. Kohl’s has a 52-week low of $12.61 and a 52-week high of $29.60.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, November 26th. 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 net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. Analysts predict that Kohl’s will post 1.31 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 15.66%. The ex-dividend date of this dividend was Wednesday, December 11th. Kohl’s’s payout ratio is 90.09%.

Insider Buying and Selling at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the transaction, the executive vice president now owns 133,091 shares of the company’s stock, valued at $1,869,928.55. The trade was a 2.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Kohl’s

Several institutional investors and hedge funds have recently modified their holdings of KSS. Axiom Advisory LLC boosted its holdings in shares of Kohl’s by 13.1% in the third quarter. Axiom Advisory LLC now owns 14,552 shares of the company’s stock valued at $297,000 after buying an additional 1,680 shares during the period. CWM LLC raised its stake in shares of Kohl’s by 590.5% in the 3rd quarter. CWM LLC now owns 13,286 shares of the company’s stock valued at $280,000 after purchasing an additional 11,362 shares during the period. Annex Advisory Services LLC boosted its position in shares of Kohl’s by 2.1% during the third quarter. Annex Advisory Services LLC now owns 200,789 shares of the company’s stock worth $4,237,000 after buying an additional 4,152 shares during the period. Gilman Hill Asset Management LLC grew its holdings in shares of Kohl’s by 4.3% during the third quarter. Gilman Hill Asset Management LLC now owns 333,786 shares of the company’s stock worth $7,043,000 after buying an additional 13,716 shares in the last quarter. Finally, Paragon Capital Management Inc. acquired a new position in shares of Kohl’s during the 3rd quarter worth about $1,801,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.