Kohl's (NYSE:KSS) Upgraded by Barclays to "Strong Sell" Rating

Barclays upgraded shares of Kohl's (NYSE:KSS - Free Report) to a strong sell rating in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage currently has $4.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on KSS. 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. Morgan Stanley dropped their price target on Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, March 12th. 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. JPMorgan Chase & Co. reduced their target price on shares of Kohl's from $9.00 to $7.00 and set an "underweight" rating for the company in a research report on Monday, April 14th. Finally, Bank of America lowered 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 report on Wednesday, March 12th. Seven equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $9.54.

Kohl's Price Performance

NYSE KSS traded up $0.31 during trading hours on Monday, reaching $7.52. The company's stock had a trading volume of 9,994,726 shares, compared to its average volume of 8,554,744. 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 market capitalization of $837.16 million, a price-to-earnings ratio of 3.39 and a beta of 1.65. The company's 50-day moving average is $8.28 and its two-hundred day moving average is $12.64. Kohl's has a 1-year low of $6.04 and a 1-year high of $28.25.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.72 by $0.23. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The firm's revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. On average, equities analysts predict that Kohl's will post 1.3 EPS for the current year.

Kohl's Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were given a $0.125 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.50 annualized dividend and a yield of 6.65%. Kohl's's payout ratio is 51.02%.

Hedge Funds Weigh In On Kohl's

Several large investors have recently modified their holdings of the business. Vident Advisory LLC raised its holdings in Kohl's by 9.3% in the 4th quarter. Vident Advisory LLC now owns 11,421 shares of the company's stock valued at $160,000 after buying an additional 967 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Kohl's by 1.7% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,124 shares of the company's stock valued at $830,000 after acquiring an additional 972 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Kohl's by 7.6% in the 4th quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company's stock valued at $246,000 after acquiring an additional 1,232 shares during the period. CWM LLC lifted its stake in 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 in the last quarter. Finally, Platinum Investment Management Ltd. increased its stake in Kohl's by 30.7% during the fourth quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock worth $86,000 after purchasing an additional 1,436 shares during the period. Institutional investors and hedge funds 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.