Robert W. Baird Cuts Kohl's (NYSE:KSS) Price Target to $8.00

Kohl's (NYSE:KSS - Free Report) had its price objective reduced by Robert W. Baird from $9.00 to $8.00 in a research note published on Friday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on the company. UBS Group dropped their price target on Kohl's from $10.00 to $5.00 and set a "sell" rating for the company in a research note on Wednesday, March 12th. Citigroup reduced their price target on Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Jefferies Financial Group dropped their price objective on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Bank of America reduced their target price on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. Finally, Morgan Stanley cut 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 assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $9.54.

Kohl's Price Performance

Shares of KSS stock traded down $0.44 during trading hours on Friday, reaching $7.06. The company's stock had a trading volume of 7,905,931 shares, compared to its average volume of 8,552,214. 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 has a fifty-two week low of $6.04 and a fifty-two week high of $28.25. The company has a market capitalization of $785.95 million, a price-to-earnings ratio of 3.18 and a beta of 1.65. The firm's 50 day simple moving average is $8.28 and its 200-day simple moving average is $12.64.

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

Kohl's Cuts Dividend

The business also recently declared 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 of this dividend was Friday, March 21st. Kohl's's dividend payout ratio (DPR) is currently 51.02%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KSS. American Century Companies Inc. raised its position in shares of Kohl's by 11.7% during the fourth quarter. American Century Companies Inc. now owns 4,134,298 shares of the company's stock worth $58,046,000 after purchasing an additional 433,264 shares during the period. Allianz Asset Management GmbH increased its position in shares of Kohl's by 3.3% during the fourth quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company's stock worth $51,190,000 after acquiring an additional 117,819 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Kohl's by 1.6% in the 4th quarter. Invesco Ltd. now owns 2,292,746 shares of the company's stock worth $32,190,000 after acquiring an additional 36,622 shares during the last quarter. Two Sigma Investments LP lifted its position in Kohl's by 4.0% in the 4th quarter. Two Sigma Investments LP now owns 2,255,480 shares of the company's stock valued at $31,667,000 after acquiring an additional 87,235 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in Kohl's by 6.0% during the 4th quarter. Two Sigma Advisers LP now owns 2,222,100 shares of the company's stock valued at $31,198,000 after purchasing an additional 126,600 shares during the last quarter. 98.04% of the stock is 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.