Kohl’s Co. (NYSE:KSS) Receives $22.44 Consensus PT from Brokerages

Kohl’s Co. (NYSE:KSS) has been assigned an average rating of “Hold” from the nine research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $22.44.

KSS has been the topic of a number of recent analyst reports. TD Cowen dropped their price target on shares of Kohl’s from $31.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. JPMorgan Chase & Co. dropped their price target on shares of Kohl’s from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Evercore ISI dropped their price target on shares of Kohl’s from $24.00 to $22.00 and set an “in-line” rating on the stock in a research report on Friday, May 31st. StockNews.com downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Finally, Morgan Stanley raised their price objective on shares of Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st.

Kohl’s Price Performance

Shares of KSS opened at $21.72 on Thursday. The firm has a market cap of $2.42 billion, a PE ratio of 8.76, a PEG ratio of 1.93 and a beta of 1.90. The firm’s 50 day moving average price is $24.07 and its 200 day moving average price is $25.88. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.19 and a current ratio of 1.21. Kohl’s has a twelve month low of $17.68 and a twelve month high of $29.65.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.28). Kohl’s had a net margin of 1.60% and a return on equity of 7.27%. The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same period in the prior year, the business earned $0.13 EPS. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. As a group, research analysts expect that Kohl’s will post 1.4 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 9.21%. The ex-dividend date is Wednesday, June 12th. Kohl’s’s payout ratio is 80.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KSS. Vanguard Group Inc. lifted its position in Kohl’s by 16.4% during the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock worth $361,127,000 after buying an additional 1,775,024 shares in the last quarter. Norges Bank acquired a new stake in shares of Kohl’s in the 4th quarter valued at approximately $34,583,000. Vision One Management Partners LP acquired a new stake in shares of Kohl’s in the 4th quarter valued at approximately $28,413,000. Hsbc Holdings PLC raised its position in shares of Kohl’s by 254.9% in the 4th quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock valued at $22,822,000 after acquiring an additional 570,745 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Kohl’s by 38.5% in the 3rd quarter. American Century Companies Inc. now owns 1,686,202 shares of the company’s stock valued at $35,343,000 after acquiring an additional 468,602 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.