Kohl's Corporation (NYSE:KSS) Given Average Recommendation of "Reduce" by Brokerages

Kohl's Corporation (NYSE:KSS - Get Free Report) has earned a consensus rating of "Reduce" from the fifteen research firms that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $9.75.

A number of equities research analysts have recently weighed in on KSS shares. Evercore ISI dropped their price target on Kohl's from $9.00 to $8.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Barclays boosted their target price on shares of Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. UBS Group decreased their price target on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating for the company in a report on Wednesday, March 12th. Citigroup lowered their price objective on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $9.00 target price on shares of Kohl's in a research report on Thursday, May 29th.

Kohl's Price Performance

NYSE KSS opened at $8.23 on Monday. The firm's fifty day simple moving average is $7.68 and its two-hundred day simple moving average is $10.29. The firm has a market capitalization of $921.87 million, a P/E ratio of 7.55 and a beta of 1.66. The company has a current ratio of 1.09, a quick ratio of 0.14 and a debt-to-equity ratio of 0.95. Kohl's has a 12-month low of $6.04 and a 12-month high of $24.83.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates of ($0.22) by $0.09. Kohl's had a return on equity of 4.71% and a net margin of 0.75%. The firm had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $3.01 billion. During the same quarter last year, the firm earned ($0.24) EPS. The business's quarterly revenue was down 4.1% on a year-over-year basis. Analysts forecast that Kohl's will post 1.3 EPS for the current fiscal year.

Kohl's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend is Wednesday, June 11th. Kohl's's dividend payout ratio is currently 45.87%.

Institutional Investors Weigh In On Kohl's

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in Kohl's during the 4th quarter worth about $26,000. State of Wyoming acquired a new stake in Kohl's during the 4th quarter worth about $35,000. National Bank of Canada FI acquired a new stake in Kohl's during the 1st quarter worth about $25,000. Smartleaf Asset Management LLC grew its position in Kohl's by 161.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock worth $26,000 after purchasing an additional 1,887 shares during the period. Finally, CWM LLC grew its position in Kohl's by 49.7% during the 1st 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 period. 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.

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