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

Kohl's Co. (NYSE:KSS - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $8.78, but opened at $8.52. Kohl's shares last traded at $8.59, with a volume of 608,005 shares changing hands.

Wall Street Analysts Forecast Growth

KSS has been the subject of several research reports. UBS Group lowered their price target on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating for the company in a research report on Wednesday, March 12th. Robert W. Baird upped their price target on shares of Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. Barclays upped their price target on shares of Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. upped their price target on shares of Kohl's from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Monday, May 19th. Finally, Wall Street Zen lowered shares of Kohl's from a "hold" rating to a "sell" rating in a research note on Sunday, June 1st. Eight investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat.com, Kohl's has a consensus rating of "Hold" and a consensus price target of $9.75.

Kohl's Price Performance

The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The firm's fifty day moving average price is $7.50 and its 200 day moving average price is $10.64. The firm has a market capitalization of $968.52 million, a PE ratio of 3.92 and a beta of 1.66.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.09. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the company earned ($0.24) earnings per share. The firm's revenue was down 4.1% on a year-over-year basis. As a group, equities analysts forecast that Kohl's Co. will post 1.3 earnings per share for the current year.

Kohl's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 5.75%. The ex-dividend date of this dividend is Wednesday, June 11th. Kohl's's payout ratio is currently 45.87%.

Institutional Investors Weigh In On Kohl's

Hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Kohl's during the 4th quarter worth about $8,185,000. Dana Investment Advisors Inc. boosted its stake in shares of Kohl's by 56.7% during the 4th quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company's stock worth $3,554,000 after acquiring an additional 91,590 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Kohl's by 155.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company's stock worth $13,246,000 after acquiring an additional 573,579 shares in the last quarter. Hussman Strategic Advisors Inc. boosted its stake in shares of Kohl's by 66.7% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company's stock worth $1,474,000 after acquiring an additional 42,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Kohl's by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock worth $24,873,000 after purchasing an additional 55,540 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

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.