Kohl's (NYSE:KSS) Price Target Cut to $8.00 by Analysts at Evercore ISI

Kohl's (NYSE:KSS - Free Report) had its target price decreased by Evercore ISI from $9.00 to $8.00 in a research note released on Friday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

A number of other equities analysts also recently issued reports on KSS. Citigroup cut their price target on Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Robert W. Baird reduced their price target on Kohl's from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday. Jefferies Financial Group reduced their price target on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group lowered their price objective on shares of Kohl's from $7.50 to $4.00 and set a "sell" rating for the company in a research report on Tuesday, April 22nd. Finally, Morgan Stanley lowered their price target on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Wednesday, March 12th. Seven equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $9.54.

Kohl's Stock Down 5.9 %

Shares of NYSE:KSS traded down $0.44 during midday trading on Friday, hitting $7.06. The stock had a trading volume of 7,905,931 shares, compared to its average volume of 8,552,214. The company has a market cap of $785.95 million, a P/E ratio of 3.18 and a beta of 1.65. Kohl's has a 12 month low of $6.04 and a 12 month high of $28.25. The business's 50-day simple moving average is $8.28 and its 200-day simple moving average is $12.64. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.23. The company had revenue of $5.18 billion during the quarter, compared to analysts' expectations of $5.25 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The business's revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.67 earnings per share. On average, sell-side analysts forecast that Kohl's will post 1.3 earnings per share for the current fiscal year.

Kohl's Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 7.08%. The ex-dividend date was Friday, March 21st. Kohl's's payout ratio is 51.02%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vident Advisory LLC increased its stake in Kohl's by 9.3% during the 4th quarter. Vident Advisory LLC now owns 11,421 shares of the company's stock worth $160,000 after acquiring an additional 967 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Kohl's by 1.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,124 shares of the company's stock worth $830,000 after buying an additional 972 shares in the last quarter. Russell Investments Group Ltd. grew its position in Kohl's by 7.6% in the 4th quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company's stock valued at $246,000 after purchasing an additional 1,232 shares during the period. CWM LLC raised its stake in shares of Kohl's by 49.7% in the first quarter. CWM LLC now owns 4,177 shares of the company's stock worth $34,000 after purchasing an additional 1,386 shares during the last quarter. Finally, Platinum Investment Management Ltd. boosted its stake in shares of Kohl's by 30.7% in the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock worth $86,000 after buying an additional 1,436 shares during the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

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.