Kohl’s (NYSE:KSS) Downgraded by StockNews.com

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

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

Kohl’s Trading Down 0.5 %

NYSE KSS opened at $23.93 on Monday. The company has a quick ratio of 0.20, a current ratio of 1.31 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $2.65 billion, a P/E ratio of 8.40, a P/E/G ratio of 1.35 and a beta of 2.01. Kohl’s has a 52-week low of $17.68 and a 52-week high of $29.65. The firm has a 50-day moving average price of $25.48 and a 200 day moving average price of $25.63.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.39. Kohl’s had a return on equity of 8.40% and a net margin of 1.81%. The business had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the business posted ($2.49) EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts expect that Kohl’s will post 2.24 EPS for the current year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.36%. Kohl’s’s dividend payout ratio (DPR) is presently 70.18%.

Hedge Funds Weigh In On Kohl’s

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC lifted its position in Kohl’s by 59.7% during the fourth quarter. CWM LLC now owns 1,145 shares of the company’s stock worth $33,000 after buying an additional 428 shares during the period. Treasurer of the State of North Carolina grew its holdings in Kohl’s by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 49,007 shares of the company’s stock valued at $1,406,000 after purchasing an additional 470 shares during the period. GAMMA Investing LLC increased its position in Kohl’s by 32.5% during the first quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock worth $62,000 after purchasing an additional 523 shares during the last quarter. Signaturefd LLC raised its stake in Kohl’s by 20.3% during the fourth quarter. Signaturefd LLC now owns 3,278 shares of the company’s stock worth $94,000 after purchasing an additional 553 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Kohl’s by 14.3% in the 4th quarter. Parallel Advisors LLC now owns 4,581 shares of the company’s stock valued at $131,000 after purchasing an additional 572 shares during the last quarter. Hedge funds and other institutional investors 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.