Kohl’s Corp. (NYSE:KSS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Despite delivering better-than-expected third quarter of fiscal 2016 results, Kohl’s Corporation is facing many headwinds. While earnings increased 7% year-over-year, net sales declined 2.3% due to a challenging sales environment and a 1.7% decline in comparable store sales. This signals that the company’s strategic initiative ‘Greatness Agenda’ is failing to deliver results. Though the plan has helped the company to deliver positive comps in all the four quarters of fiscal 2015, the quarterly growth rates moderated gradually, thus posing a concern. Moreover, comps declined in the first three quarters of fiscal 2016. We also note that the company’s share prices have been underperforming the Zacks industry since 2010. Lower spending on apparel and accessories and a general slowdown in consumer spending are hurting sales at department stores. The company continues to expect sluggish comps amid a difficult sales scenario.”

A number of other equities analysts have also recently weighed in on KSS. TheStreet upgraded Kohl’s Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 19th. Guggenheim initiated coverage on Kohl’s Corp. in a report on Friday, September 30th. They set a “buy” rating and a $50.00 price target for the company. Jefferies Group reiterated a “buy” rating on shares of Kohl’s Corp. in a report on Monday, September 12th. OTR Global cut Kohl’s Corp. from a “mixed” rating to a “sell” rating in a report on Wednesday, November 2nd. Finally, Bank of America Corp. restated a “buy” rating and set a $50.00 target price on shares of Kohl’s Corp. in a report on Thursday, September 29th. Seven equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. Kohl’s Corp. presently has an average rating of “Hold” and a consensus target price of $49.33.

Analyst Recommendations for Kohl`s Corp. (NYSE:KSS)

Kohl’s Corp. (NYSE:KSS) traded down 0.7743% during mid-day trading on Wednesday, hitting $53.7208. The company had a trading volume of 1,913,786 shares. The company has a market capitalization of $9.51 billion, a P/E ratio of 16.3484 and a beta of 1.00. Kohl’s Corp. has a 52-week low of $33.87 and a 52-week high of $57.27. The company has a 50-day moving average price of $47.53 and a 200 day moving average price of $42.05.

Kohl’s Corp. (NYSE:KSS) last issued its earnings results on Thursday, November 10th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. Kohl’s Corp. had a return on equity of 13.59% and a net margin of 3.17%. The business earned $4.33 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the company earned $0.75 EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts forecast that Kohl’s Corp. will post $3.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Monday, December 5th. Kohl’s Corp.’s dividend payout ratio (DPR) is 61.16%.

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In other Kohl’s Corp. news, CFO Wesley S. Mcdonald sold 27,376 shares of Kohl’s Corp. stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $52.41, for a total transaction of $1,434,776.16. Following the transaction, the chief financial officer now owns 93,908 shares of the company’s stock, valued at $4,921,718.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Wesley S. Mcdonald sold 71,582 shares of Kohl’s Corp. stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $55.45, for a total value of $3,969,221.90. Following the transaction, the chief financial officer now directly owns 108,788 shares in the company, valued at approximately $6,032,294.60. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KSS. State of Alaska Department of Revenue increased its position in shares of Kohl’s Corp. by 32.3% in the second quarter. State of Alaska Department of Revenue now owns 20,580 shares of the company’s stock valued at $780,000 after buying an additional 5,020 shares during the period. Sentinel Trust Co. LBA increased its position in shares of Kohl’s Corp. by 67.4% in the second quarter. Sentinel Trust Co. LBA now owns 112,210 shares of the company’s stock valued at $4,255,000 after buying an additional 45,190 shares during the period. Hills Bank & Trust Co. increased its position in shares of Kohl’s Corp. by 263.4% in the second quarter. Hills Bank & Trust Co. now owns 25,162 shares of the company’s stock valued at $954,000 after buying an additional 18,238 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Kohl’s Corp. by 248.0% in the second quarter. Nisa Investment Advisors LLC now owns 140,806 shares of the company’s stock valued at $5,339,000 after buying an additional 100,350 shares during the period. Finally, Gradient Investments LLC increased its position in shares of Kohl’s Corp. by 365,703.1% in the second quarter. Gradient Investments LLC now owns 117,057 shares of the company’s stock valued at $4,439,000 after buying an additional 117,025 shares during the period. 99.83% of the stock is currently owned by institutional investors.

About Kohl’s Corp.

Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company also operates an e-commerce Website (www.Kohls.com). The Company operates over 1,160 department stores in approximately 50 states. The Company sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products.

5 Day Chart for NYSE:KSS

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