Kohl's (NYSE:KSS) Stock Price Down 5% - Should You Sell?

Key Points

• Kohl's stock price fell by 5% to $13.74, with trading volume dropping by 76% compared to the average volume.
• Analysts have shown mixed sentiments, with a consensus rating of "Hold" and an average price target of $9.89; however, seven analysts rate the stock as a sell.
• The company declared a quarterly dividend of $0.125 per share, representing an annualized yield of 3.6%.

Kohl's Corporation (NYSE:KSS - Get Free Report)'s stock price dropped 5% during mid-day trading on Friday . The stock traded as low as $13.90 and last traded at $13.74. Approximately 2,679,834 shares traded hands during trading, a decline of 76% from the average daily volume of 11,403,462 shares. The stock had previously closed at $14.46.

Wall Street Analysts Forecast Growth

KSS has been the topic of several research reports. The Goldman Sachs Group restated a "sell" rating on shares of Kohl's in a report on Thursday, May 29th. Evercore ISI reduced their price target on shares of Kohl's from $9.00 to $8.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Barclays boosted their target price on shares of Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. boosted their target price on shares of Kohl's from $8.00 to $10.00 and gave the stock an "underweight" rating in a research note on Monday, July 28th. Finally, Robert W. Baird boosted their price target on shares of Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, May 30th. Six research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat.com, Kohl's currently has a consensus rating of "Hold" and an average price target of $9.89.

Kohl's Stock Up 1.1%

The company has a 50-day moving average price of $10.35 and a 200 day moving average price of $9.39. The firm has a market capitalization of $1.55 billion, a PE ratio of 12.70 and a beta of 1.73. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.09 and a quick ratio of 0.14.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.09. Kohl's had a return on equity of 4.71% and a net margin of 0.75%. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the business posted ($0.24) earnings per share. The company's quarterly revenue was down 4.1% compared to the same quarter last year. Analysts forecast that Kohl's Corporation will post 1.3 earnings per share for the current year.

Kohl's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, September 10th. Kohl's's dividend payout ratio is currently 45.87%.

Institutional Trading of Kohl's

Several hedge funds and other institutional investors have recently made changes to their positions in KSS. State of Wyoming acquired a new stake in shares of Kohl's during the 4th quarter valued at about $35,000. National Bank of Canada FI purchased a new position in Kohl's in the 1st quarter worth approximately $25,000. Smartleaf Asset Management LLC lifted its stake in Kohl's by 161.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock worth $26,000 after purchasing an additional 1,887 shares in the last quarter. CWM LLC raised its position in shares of Kohl's by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after buying an additional 1,386 shares during the period. Finally, Cheviot Value Management LLC purchased a new stake in shares of Kohl's during the 1st quarter valued at approximately $36,000. Hedge funds and other institutional investors own 98.04% of the company's stock.

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.