Kohl's (NYSE:KSS) Shares Down 3.8% - Here's Why

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) fell 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 changed 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.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KSS. The Goldman Sachs Group upped their price target on Kohl's from $7.00 to $11.00 and gave the stock a "sell" rating in a research report on Thursday, August 28th. Gordon Haskett raised shares of Kohl's from a "hold" rating to an "accumulate" rating in a report on Wednesday, August 27th. Evercore ISI boosted their price objective on shares of Kohl's from $8.00 to $13.00 and gave the company an "in-line" rating in a report on Thursday, August 28th. Wall Street Zen raised shares of Kohl's from a "sell" rating to a "hold" rating in a report on Monday, September 1st. Finally, Citigroup boosted their price objective on shares of Kohl's from $8.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $12.46.

Kohl's Stock Performance

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 firm's 50-day moving average is $13.12 and its two-hundred day moving average is $9.88. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 9.80 and a beta of 1.74.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.56 earnings per share 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 during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. The company's revenue for the quarter was down 5.0% on a year-over-year basis. 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 earnings per share for the current year.

Kohl's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, September 10th. Kohl's's dividend payout ratio is 27.03%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. State of Wyoming acquired a new position in shares of Kohl's during the 4th quarter worth about $35,000. National Bank of Canada FI acquired a new stake in Kohl's in the 1st quarter valued at about $25,000. Smartleaf Asset Management LLC raised its holdings in Kohl's by 161.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock valued at $26,000 after acquiring an additional 1,887 shares during the last quarter. CWM LLC raised its holdings in Kohl's by 49.7% in the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after acquiring an additional 1,386 shares during the last quarter. Finally, Cheviot Value Management LLC acquired a new stake in Kohl's in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 98.04% of the company's stock.

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.