Kohl's (NYSE:KSS) Shares Down 3.8% - Time to Sell?

Key Points

• Kohl's shares dropped 3.8% to $15.53, significantly lower than the average trading volume, which declined by 97% to 317,131 shares.
• Analysts have mixed views on the stock, with ratings ranging from a "sell" to a "buy" and an average price target of $12.46 indicating a consensus rating of "Reduce."
• The company announced a quarterly dividend of $0.125 per share, with a 3.2% yield and a payout ratio of 27.03%, set to be paid on September 24th.

Shares of Kohl's Corporation (NYSE:KSS - Get Free Report) traded down 3.8% during mid-day trading on Friday . The company traded as low as $15.63 and last traded at $15.53. 317,131 shares traded hands during trading, a decline of 97% from the average session volume of 11,084,730 shares. The stock had previously closed at $16.14.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Kohl's from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Thursday, August 28th. Telsey Advisory Group raised their price target on shares of Kohl's from $9.00 to $16.00 and gave the company a "market perform" rating in a research report on Wednesday, August 27th. Gordon Haskett raised shares of Kohl's from a "hold" rating to an "accumulate" rating in a research report on Wednesday, August 27th. The Goldman Sachs Group raised their price target on shares of Kohl's from $7.00 to $11.00 and gave the company a "sell" rating in a research report on Thursday, August 28th. Finally, Robert W. Baird raised their price target on shares of Kohl's from $9.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $12.46.

Kohl's Stock Performance

The company's 50-day simple moving average is $12.71 and its 200 day simple moving average is $9.80. The company has a current ratio of 1.36, a quick ratio of 0.19 and a debt-to-equity ratio of 1.00. The stock has a market cap of $1.73 billion, a P/E ratio of 8.38 and a beta of 1.74.

Kohl's (NYSE:KSS - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.33 by $0.23. Kohl's had a net margin of 1.31% and a return on equity of 4.62%. The firm had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $3.37 billion. During the same quarter last year, the firm earned $0.59 EPS. The company's quarterly revenue was down 5.0% compared to the same quarter last year. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. As a group, sell-side analysts expect that Kohl's Corporation will post 1.3 EPS for the current fiscal year.

Kohl's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.2%. Kohl's's dividend payout ratio (DPR) is currently 27.03%.

Hedge Funds Weigh In On Kohl's

Hedge funds have recently modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Kohl's by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 4,690,642 shares of the company's stock worth $39,777,000 after purchasing an additional 220,427 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Kohl's by 21.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 4,303,123 shares of the company's stock worth $36,490,000 after purchasing an additional 745,543 shares during the period. Invesco Ltd. raised its holdings in shares of Kohl's by 29.7% in the 1st quarter. Invesco Ltd. now owns 2,973,512 shares of the company's stock worth $24,323,000 after purchasing an additional 680,766 shares during the period. Geode Capital Management LLC raised its holdings in shares of Kohl's by 43.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,615,482 shares of the company's stock worth $22,182,000 after purchasing an additional 785,936 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Kohl's by 11.5% in the 2nd quarter. First Trust Advisors LP now owns 2,380,359 shares of the company's stock worth $20,185,000 after purchasing an additional 244,761 shares during the period. 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.

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