Kohl's (NYSE:KSS) Trading Down 14.5% - Time to Sell?

Shares of Kohl's Corporation (NYSE:KSS - Get Free Report) fell 14.5% during mid-day trading on Wednesday . The company traded as low as $12.22 and last traded at $12.27. 12,975,723 shares were traded during trading, an increase of 14% from the average session volume of 11,411,709 shares. The stock had previously closed at $14.34.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KSS. Robert W. Baird increased their target price on Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, May 30th. Wall Street Zen downgraded Kohl's from a "hold" rating to a "sell" rating in a research note on Sunday, June 22nd. Telsey Advisory Group reissued a "market perform" rating and set a $9.00 target price on shares of Kohl's in a research note on Thursday, May 29th. The Goldman Sachs Group reissued a "sell" rating on shares of Kohl's in a research note on Thursday, May 29th. Finally, Barclays increased their target price on Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research note on Friday, May 30th. Eight investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, Kohl's presently has a consensus rating of "Hold" and an average price target of $9.75.

Kohl's Trading Down 6.2%

The business has a fifty day simple moving average of $9.05 and a 200 day simple moving average of $9.53. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 11.73 and a beta of 1.66. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.14 and a current ratio of 1.09.

Kohl's (NYSE:KSS - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.09. The firm had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $3.01 billion. Kohl's had a return on equity of 4.71% and a net margin of 0.75%. Kohl's's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.24) EPS. As a group, equities analysts anticipate that Kohl's Corporation will post 1.3 EPS for the current year.

Kohl's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Wednesday, June 11th. Kohl's's dividend payout ratio (DPR) is presently 45.87%.

Institutional Investors Weigh In On Kohl's

A number of large investors have recently bought and sold shares of KSS. National Bank of Canada FI acquired a new stake in Kohl's during the 1st quarter valued at $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of Kohl's by 161.8% during the first 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 during the last quarter. CWM LLC boosted its holdings in shares of Kohl's by 49.7% during the first quarter. CWM LLC now owns 4,177 shares of the company's stock worth $34,000 after purchasing an additional 1,386 shares during the last quarter. State of Wyoming acquired a new stake in shares of Kohl's during the fourth quarter worth $35,000. Finally, Cheviot Value Management LLC acquired a new stake in shares of Kohl's during the first quarter worth $36,000. Institutional investors and hedge funds 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.