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

Shares of Kohl's Co. (NYSE:KSS - Get Free Report) 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 Analyst Weigh In

A number of research firms recently issued reports on KSS. Bank of America decreased their price target on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. Morgan Stanley decreased 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 report on Wednesday, March 12th. Robert W. Baird increased their price target on shares of Kohl's from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, May 30th. JPMorgan Chase & Co. lifted their price target on Kohl's from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Monday, May 19th. Finally, 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 research report on Wednesday, March 12th. Seven investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat.com, Kohl's currently has a consensus rating of "Hold" and a consensus price target of $9.75.

Kohl's Stock Down 6.9%

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 company has a 50-day simple moving average of $7.54 and a 200 day simple moving average of $10.53. The company has a market cap of $909.22 million, a P/E ratio of 3.66 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, topping analysts' consensus estimates of ($0.22) by $0.09. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $3.01 billion. During the same period in the prior year, the business posted ($0.24) earnings per share. The business's revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities analysts anticipate that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Announces Dividend

The business also recently declared 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 6.16%. The ex-dividend date is Wednesday, June 11th. Kohl's's dividend payout ratio is presently 45.87%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bayforest Capital Ltd bought a new stake in Kohl's during the 1st quarter valued at $151,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Kohl's by 14.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 489,708 shares of the company's stock valued at $4,006,000 after acquiring an additional 60,769 shares in the last quarter. Caxton Associates LLP purchased a new stake in Kohl's in the first quarter worth about $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Kohl's during the 1st quarter worth about $7,818,000. Finally, Invenomic Capital Management LP grew its holdings in Kohl's by 4.0% during the 1st quarter. Invenomic Capital Management LP now owns 1,080,436 shares of the company's stock worth $8,838,000 after acquiring an additional 41,676 shares in the last quarter. 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.