Kohl's (NYSE:KSS) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Kohl's (NYSE:KSS - Free Report) from a hold rating to a sell rating in a report published on Sunday morning.

Several other analysts also recently weighed in on the company. The Goldman Sachs Group restated a "sell" rating on shares of Kohl's in a research report on Thursday. Jefferies Financial Group dropped their price target on Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Morgan Stanley lowered their target price on Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Wednesday, March 12th. Evercore ISI reduced their price target on Kohl's from $9.00 to $8.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Finally, Barclays lifted their price target on Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research note on Friday. Eight research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $9.75.

Kohl's Stock Up 0.1%

NYSE:KSS traded up $0.01 during mid-day trading on Friday, reaching $8.14. The stock had a trading volume of 9,365,657 shares, compared to its average volume of 8,833,072. Kohl's has a fifty-two week low of $6.04 and a fifty-two week high of $24.83. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The stock has a market cap of $905.62 million, a P/E ratio of 3.66 and a beta of 1.61. The business's 50 day moving average is $7.38 and its 200 day moving average is $11.08.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) EPS 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 analyst estimates of $3.01 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company's revenue was down 4.1% on a year-over-year basis. During the same period last year, the company earned ($0.24) earnings per share. As a group, sell-side analysts predict that Kohl's will post 1.3 earnings per share for the current year.

Kohl's Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, June 11th. This represents a $0.50 annualized dividend and a dividend yield of 6.15%. Kohl's's dividend payout ratio (DPR) is presently 45.87%.

Institutional Trading of Kohl's

Several institutional investors and hedge funds have recently modified their holdings of the stock. National Bank of Canada FI acquired a new position in shares of Kohl's during the first quarter worth $25,000. SBI Securities Co. Ltd. purchased a new position in Kohl's in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its stake in Kohl's by 161.8% in 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 in the last quarter. CWM LLC raised its position in shares of 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 buying an additional 1,386 shares during the period. Finally, Bogart Wealth LLC purchased a new stake in Kohl's in the fourth quarter valued at approximately $35,000. Institutional investors own 98.04% of the company's stock.

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.