Kohl's (NYSE:KSS) Cut to "Sell" at Wall Street Zen

Wall Street Zen lowered shares of Kohl's (NYSE:KSS - Free Report) from a hold rating to a sell rating in a research note released on Sunday.

KSS has been the subject of a number of other research reports. 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. Citigroup cut their price objective on Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. The Goldman Sachs Group reissued a "sell" rating on shares of Kohl's in a report on Thursday, May 29th. Morgan Stanley lowered their price target on Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Wednesday, March 12th. Finally, Evercore ISI reduced their price objective on Kohl's from $9.00 to $8.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Eight investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat.com, Kohl's has an average rating of "Hold" and an average target price of $9.75.

Kohl's Price Performance

KSS stock traded down $0.10 during mid-day trading on Friday, reaching $8.12. 6,422,084 shares of the company's stock were exchanged, compared to its average volume of 8,919,674. 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 has a 12-month low of $6.04 and a 12-month high of $23.99. The stock's 50 day moving average is $7.76 and its 200 day moving average is $10.23. The company has a market cap of $909.78 million, a price-to-earnings ratio of 7.45 and a beta of 1.66.

Kohl's (NYSE:KSS - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the company posted ($0.24) EPS. The business's quarterly revenue was down 4.1% on a year-over-year basis. On average, research analysts expect that Kohl's will post 1.3 EPS for the current year.

Kohl's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.50 annualized dividend and a dividend yield of 6.16%. Kohl's's payout ratio is 45.87%.

Institutional Investors Weigh In On Kohl's

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Kohl's in the 4th quarter valued at about $26,000. State of Wyoming acquired a new stake in shares of Kohl's during the 4th quarter worth approximately $35,000. National Bank of Canada FI purchased a new stake in shares of Kohl's during the 1st quarter valued at approximately $25,000. Smartleaf Asset Management LLC lifted its holdings in Kohl's by 161.8% in the first quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock valued at $26,000 after acquiring an additional 1,887 shares during the last quarter. Finally, CWM LLC lifted its holdings in Kohl's by 49.7% in the first quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after acquiring an additional 1,386 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.