Kohl's (NYSE:KSS) Trading Down 4.6% - What's Next?

Kohl's Co. (NYSE:KSS - Get Free Report) fell 4.6% during trading on Friday . The company traded as low as $7.67 and last traded at $7.74. 1,262,141 shares traded hands during trading, a decline of 86% from the average session volume of 8,755,663 shares. The stock had previously closed at $8.11.

Wall Street Analyst Weigh In

Several equities analysts have commented on KSS shares. JPMorgan Chase & Co. increased their price target on Kohl's from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Monday, May 19th. Wall Street Zen raised Kohl's from a "sell" rating to a "hold" rating in a report on Saturday. UBS Group decreased their price objective on Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a report on Wednesday, March 12th. Morgan Stanley reduced their target price on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Wednesday, March 12th. Finally, Barclays initiated coverage on Kohl's in a research note on Monday, April 28th. They issued an "underweight" rating and a $4.00 price objective on the stock. Seven research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat, Kohl's has a consensus rating of "Hold" and an average price target of $9.61.

Kohl's Stock Up 3.3%

The stock has a market cap of $909.52 million, a price-to-earnings ratio of 3.68 and a beta of 1.61. The firm has a 50 day simple moving average of $7.43 and a two-hundred day simple moving average of $11.35. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.72 by $0.23. The business had revenue of $5.18 billion for 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 firm's revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. As a group, sell-side analysts expect that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date of this dividend is Wednesday, June 11th. Kohl's's dividend payout ratio is presently 51.02%.

Institutional Investors Weigh In On Kohl's

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. acquired a new position in shares of Kohl's during the 1st quarter worth approximately $11,650,000. Marshall Wace LLP acquired a new position in shares of Kohl's in the fourth quarter valued at about $19,874,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Kohl's during the 1st quarter worth approximately $7,818,000. Gate City Capital Management LLC acquired a new stake in Kohl's during the fourth quarter worth approximately $12,773,000. Finally, AQR Capital Management LLC grew its holdings in shares of Kohl's by 88.1% during the 1st quarter. AQR Capital Management LLC now owns 1,774,244 shares of the company's stock worth $14,513,000 after purchasing an additional 831,055 shares in the last quarter. 98.04% of the stock is currently 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.