Kohl’s (NYSE:KSS) Sets New 1-Year Low at $25.93

Kohl’s Co. (NYSE:KSSGet Rating) hit a new 52-week low on Friday . The stock traded as low as $25.93 and last traded at $26.12, with a volume of 35399 shares changing hands. The stock had previously closed at $26.93.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KSS. TheStreet lowered shares of Kohl’s from a “b-” rating to a “c” rating in a report on Friday, June 3rd. Jefferies Financial Group lowered shares of Kohl’s from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $29.00 in a report on Thursday, September 15th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Kohl’s from $37.00 to $36.00 in a report on Friday, August 19th. Telsey Advisory Group cut their target price on shares of Kohl’s from $55.00 to $35.00 and set a “market perform” rating on the stock in a report on Tuesday, July 5th. Finally, Bank of America lowered shares of Kohl’s from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $50.00 to $26.00 in a report on Thursday, July 7th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.87.

Kohl’s Trading Down 4.7 %

The firm has a market cap of $2.99 billion, a P/E ratio of 5.13, a P/E/G ratio of 1.16 and a beta of 1.60. The business’s 50-day moving average is $29.73 and its two-hundred day moving average is $42.22. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.37 and a quick ratio of 0.18.

Kohl’s (NYSE:KSSGet Rating) last released its earnings results on Thursday, August 18th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.91 billion. Kohl’s had a net margin of 3.70% and a return on equity of 15.04%. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.48 earnings per share. As a group, analysts predict that Kohl’s Co. will post 3 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date of this dividend was Tuesday, September 6th. Kohl’s’s dividend payout ratio is currently 39.45%.

Insider Buying and Selling at Kohl’s

In other news, Director Jonas Prising purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was purchased at an average price of $29.67 per share, for a total transaction of $296,700.00. Following the completion of the purchase, the director now directly owns 60,647 shares in the company, valued at approximately $1,799,396.49. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Peter Boneparth bought 25,000 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was bought at an average price of $30.01 per share, for a total transaction of $750,250.00. Following the purchase, the director now owns 70,700 shares in the company, valued at approximately $2,121,707. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonas Prising bought 10,000 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The shares were bought at an average price of $29.67 per share, with a total value of $296,700.00. Following the purchase, the director now owns 60,647 shares in the company, valued at approximately $1,799,396.49. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of Kohl’s

A number of hedge funds have recently modified their holdings of KSS. Bank of Montreal Can raised its stake in Kohl’s by 100.3% in the 4th quarter. Bank of Montreal Can now owns 63,168 shares of the company’s stock worth $3,181,000 after purchasing an additional 31,638 shares in the last quarter. Schroder Investment Management Group raised its stake in Kohl’s by 55,269.7% in the 4th quarter. Schroder Investment Management Group now owns 67,551 shares of the company’s stock worth $3,336,000 after purchasing an additional 67,429 shares in the last quarter. Maverick Capital Ltd. raised its stake in Kohl’s by 19.3% in the 4th quarter. Maverick Capital Ltd. now owns 2,553 shares of the company’s stock worth $126,000 after purchasing an additional 413 shares in the last quarter. Navellier & Associates Inc. raised its stake in Kohl’s by 17.3% in the 4th quarter. Navellier & Associates Inc. now owns 41,278 shares of the company’s stock worth $2,039,000 after purchasing an additional 6,100 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Kohl’s by 18.9% in the 4th quarter. Nuveen Asset Management LLC now owns 459,265 shares of the company’s stock worth $22,683,000 after purchasing an additional 73,164 shares in the last quarter. Institutional investors and hedge funds own 91.96% of the company’s stock.

About Kohl’s

(Get Rating)

Kohl's Corporation operates as a retail company 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 Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

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