Kohl’s (NYSE:KSS) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Kohl’s (NYSE:KSS) from a buy rating to a hold rating in a report issued on Monday morning.

Several other equities analysts also recently commented on the stock. Telsey Advisory Group upped their price target on shares of Kohl’s from $25.00 to $28.00 and gave the company a market perform rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. upped their price target on shares of Kohl’s from $20.00 to $21.00 and gave the company a neutral rating in a report on Wednesday, March 13th. Citigroup cut their price target on shares of Kohl’s from $27.00 to $24.00 and set a neutral rating on the stock in a report on Wednesday, March 13th. Morgan Stanley upped their price target on shares of Kohl’s from $18.00 to $19.00 and gave the company an underweight rating in a report on Thursday, March 21st. Finally, TD Cowen upped their target price on shares of Kohl’s from $28.00 to $31.00 and gave the stock an outperform rating in a research note on Wednesday, March 13th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $24.20.

Kohl’s Stock Up 8.1 %

Shares of NYSE KSS opened at $28.44 on Monday. The firm’s 50-day moving average price is $26.83 and its 200-day moving average price is $24.76. The company has a current ratio of 1.31, a quick ratio of 0.20 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 1.43 and a beta of 1.98. Kohl’s has a 12-month low of $17.68 and a 12-month high of $29.65.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.39. The firm had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Kohl’s had a net margin of 1.81% and a return on equity of 8.40%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($2.49) EPS. On average, equities research analysts anticipate that Kohl’s will post 2.32 EPS for the current fiscal year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date of this dividend is Tuesday, March 19th. Kohl’s’s dividend payout ratio (DPR) is presently 70.18%.

Institutional Investors Weigh In On Kohl’s

A number of large investors have recently made changes to their positions in the stock. HighPoint Advisor Group LLC purchased a new stake in shares of Kohl’s during the fourth quarter valued at $1,127,000. PNC Financial Services Group Inc. grew its holdings in shares of Kohl’s by 21.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,567 shares of the company’s stock valued at $446,000 after buying an additional 2,754 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Kohl’s by 16.4% during the fourth quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock valued at $361,127,000 after buying an additional 1,775,024 shares during the last quarter. Sierra Summit Advisors LLC purchased a new stake in shares of Kohl’s during the fourth quarter valued at $281,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Kohl’s by 2.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 46,278 shares of the company’s stock valued at $1,327,000 after buying an additional 1,264 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Kohl’s Company Profile

Kohl's Corporation operates as a 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 Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.