Kohl's Corporation (NYSE:KSS) Receives Average Recommendation of "Reduce" from Brokerages

Shares of Kohl's Corporation (NYSE:KSS - Get Free Report) have been assigned a consensus rating of "Reduce" from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $9.75.

A number of equities research analysts have weighed in on the company. Morgan Stanley cut their target price on Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. upped their target price on Kohl's from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Monday, May 19th. Telsey Advisory Group restated a "market perform" rating and issued a $9.00 target price on shares of Kohl's in a research report on Thursday, May 29th. Bank of America dropped their price target on Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. Finally, 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 report on Friday, May 2nd.

Institutional Trading of Kohl's

Large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Kohl's during the 4th quarter valued at $26,000. State of Wyoming acquired a new stake in Kohl's during the 4th quarter valued at $35,000. National Bank of Canada FI acquired a new stake in Kohl's during the 1st quarter valued at $25,000. Smartleaf Asset Management LLC raised its stake in Kohl's by 161.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock valued at $26,000 after purchasing an additional 1,887 shares during the period. Finally, CWM LLC raised its stake in Kohl's by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $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 Stock Performance

Shares of NYSE KSS traded up $0.26 during midday trading on Monday, hitting $8.37. 5,571,329 shares of the company's stock were exchanged, compared to its average volume of 8,913,740. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.09 and a quick ratio of 0.14. The stock's 50 day moving average price is $7.80 and its 200-day moving average price is $10.21. The firm has a market cap of $938.00 million, a P/E ratio of 7.68 and a beta of 1.66. Kohl's has a twelve month low of $6.04 and a twelve month high of $23.42.

Kohl's (NYSE:KSS - Get Free Report) last released its earnings results 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. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.01 billion. Kohl's had a return on equity of 4.71% and a net margin of 0.75%. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.24) earnings per share. Equities research analysts anticipate that Kohl's will post 1.3 EPS for the current year.

Kohl's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.97%. The ex-dividend date of this dividend was Wednesday, June 11th. Kohl's's dividend payout ratio (DPR) is currently 45.87%.

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.