Kohl's (NYSE:KSS) Shares Gap Down - Should You Sell?

Kohl's Co. (NYSE:KSS - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $8.30, but opened at $8.00. Kohl's shares last traded at $7.97, with a volume of 1,526,386 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KSS shares. UBS Group dropped 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. Robert W. Baird dropped their price objective on Kohl's from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Wall Street Zen raised Kohl's from a "sell" rating to a "hold" rating in a report on Saturday. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $9.00 price target on shares of Kohl's in a report on Thursday. Finally, Morgan Stanley cut their price objective on Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a report on Wednesday, March 12th. Seven analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, Kohl's has an average rating of "Hold" and a consensus target price of $9.61.

Kohl's Price Performance

The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The stock has a market capitalization of $832.70 million, a P/E ratio of 3.37 and a beta of 1.61. The firm has a 50-day moving average price of $7.47 and a 200 day moving average price of $11.53.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.72 by $0.23. The firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.25 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company's revenue was down 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.67 EPS. On average, analysts expect that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors 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 yield of 6.68%. Kohl's's payout ratio is 51.02%.

Hedge Funds Weigh In On Kohl's

Several institutional investors and hedge funds have recently bought and sold shares of KSS. Alyeska Investment Group L.P. bought a new position in Kohl's during the 1st quarter worth approximately $11,650,000. Marshall Wace LLP bought a new position in Kohl's during the 4th quarter worth approximately $19,874,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Kohl's during the 1st quarter worth approximately $7,818,000. Gate City Capital Management LLC bought a new position in Kohl's during the 4th quarter worth approximately $12,773,000. Finally, AQR Capital Management LLC lifted its holdings in Kohl's by 88.1% in the 1st quarter. AQR Capital Management LLC now owns 1,774,244 shares of the company's stock worth $14,513,000 after buying an additional 831,055 shares during the period. 98.04% of the stock is currently owned by institutional investors.

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.