Kohl's (NYSE:KSS) Trading Down 2.5% on Analyst Downgrade

Kohl's Co. (NYSE:KSS - Get Free Report)'s share price dropped 2.5% during trading on Tuesday after The Goldman Sachs Group lowered their price target on the stock from $7.50 to $4.00. The Goldman Sachs Group currently has a sell rating on the stock. Kohl's traded as low as $6.86 and last traded at $6.84. Approximately 1,183,051 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 10,768,041 shares. The stock had previously closed at $7.02.

Several other research analysts also recently weighed in on KSS. Telsey Advisory Group reaffirmed a "market perform" rating and set a $10.00 target price on shares of Kohl's in a research note on Tuesday, April 1st. UBS Group reduced their price objective 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. JPMorgan Chase & Co. dropped their target price on shares of Kohl's from $9.00 to $7.00 and set an "underweight" rating on the stock in a research report on Monday, April 14th. Robert W. Baird reduced their price target on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Finally, Citigroup lowered their price objective on Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Six analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $11.15.

Hedge Funds Weigh In On Kohl's

A number of hedge funds and other institutional investors have recently bought and sold shares of KSS. SBI Securities Co. Ltd. purchased a new position in shares of Kohl's in the fourth quarter valued at approximately $26,000. Bogart Wealth LLC purchased a new position in Kohl's in the 4th quarter valued at approximately $35,000. State of Wyoming purchased a new position in Kohl's in the 4th quarter valued at approximately $35,000. Versant Capital Management Inc grew its stake in shares of Kohl's by 3,022.6% in the first quarter. Versant Capital Management Inc now owns 6,089 shares of the company's stock worth $50,000 after acquiring an additional 5,894 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Kohl's by 360.2% in the first quarter. GAMMA Investing LLC now owns 6,456 shares of the company's stock valued at $53,000 after acquiring an additional 5,053 shares in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kohl's Stock Performance

The firm has a market capitalization of $787.06 million, a price-to-earnings ratio of 3.18 and a beta of 1.65. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The firm has a 50 day moving average price of $8.77 and a 200-day moving average price of $13.12.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.23. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $5.18 billion during the quarter, compared to analysts' expectations of $5.25 billion. During the same quarter last year, the business posted $1.67 EPS. The business's quarterly revenue was down 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that Kohl's Co. will post 1.3 earnings per share for the current fiscal year.

Kohl's Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.07%. Kohl's's payout ratio is 51.02%.

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.