Kohl’s Co. (NYSE:KSS) Receives Average Rating of “Hold” from Analysts

Kohl’s Co. (NYSE:KSS) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the firm, Marketbeat reports. Two 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 price target among brokerages that have covered the stock in the last year is $22.44.

A number of equities analysts have recently commented on the company. TD Cowen dropped their price objective on Kohl’s from $31.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Robert W. Baird dropped their price objective on Kohl’s from $32.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. Evercore ISI dropped their price objective on Kohl’s from $24.00 to $22.00 and set an “in-line” rating on the stock in a research note on Friday, May 31st. Telsey Advisory Group reiterated a “market perform” rating and issued a $28.00 price objective on shares of Kohl’s in a research note on Thursday, May 30th. Finally, StockNews.com lowered Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st.

Institutional Investors Weigh In On Kohl’s

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 1,775,024 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Kohl’s by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,800,864 shares of the company’s stock valued at $166,375,000 after purchasing an additional 366,660 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Kohl’s by 6.4% in the fourth quarter. Allianz Asset Management GmbH now owns 3,340,746 shares of the company’s stock valued at $95,813,000 after acquiring an additional 199,618 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Kohl’s by 38.5% in the third 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 last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Kohl’s by 10.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,501,527 shares of the company’s stock valued at $43,064,000 after acquiring an additional 143,443 shares during the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl’s Price Performance

NYSE KSS opened at $22.76 on Monday. Kohl’s has a fifty-two week low of $17.68 and a fifty-two week high of $29.65. The stock’s 50-day moving average is $23.58 and its two-hundred day moving average is $25.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.21 and a quick ratio of 0.19. The firm has a market cap of $2.53 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 2.06 and a beta of 1.95.

Kohl’s (NYSE:KSS) last posted its earnings results on Thursday, May 30th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.28). Kohl’s had a net margin of 1.60% and a return on equity of 7.27%. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter last year, the business earned $0.13 earnings per share. Kohl’s’s quarterly revenue was down 10.4% on a year-over-year basis. On average, analysts anticipate that Kohl’s will post 1.38 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 8.79%. The ex-dividend date was Wednesday, June 12th. Kohl’s’s payout ratio is 80.65%.

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.