Kohl’s (NYSE:KSS) Reaches New 52-Week Low – Here’s What Happened

Kohl’s Co. (NYSE:KSS) hit a new 52-week low on Tuesday . The company traded as low as $12.96 and last traded at $13.04, with a volume of 10191437 shares trading hands. The stock had previously closed at $13.68.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup decreased their target price on Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Telsey Advisory Group lowered their price objective on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Morgan Stanley cut their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, November 25th. Baird R W cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Gordon Haskett lowered Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective on the stock. in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, Kohl’s has an average rating of “Hold” and an average target price of $17.22.

Kohl’s Trading Down 4.7 %

The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The company’s 50-day moving average price is $15.42 and its 200-day moving average price is $18.47. The firm has a market capitalization of $1.45 billion, a PE ratio of 5.87, a PEG ratio of 1.38 and a beta of 1.87.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the company posted $0.53 earnings per share. The company’s revenue was down 8.5% compared to the same quarter last year. On average, sell-side analysts expect that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 15.34%. Kohl’s’s payout ratio is currently 90.09%.

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. This represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

Several large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its stake in Kohl’s by 8.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 50,065 shares of the company’s stock worth $1,151,000 after purchasing an additional 3,848 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Kohl’s by 6.1% during the second quarter. Victory Capital Management Inc. now owns 42,133 shares of the company’s stock worth $969,000 after buying an additional 2,422 shares during the period. Arizona State Retirement System grew its holdings in shares of Kohl’s by 2.0% during the second quarter. Arizona State Retirement System now owns 31,049 shares of the company’s stock worth $714,000 after buying an additional 623 shares during the last quarter. Choreo LLC acquired a new position in Kohl’s in the 2nd quarter valued at about $424,000. Finally, Dimensional Fund Advisors LP raised its stake in Kohl’s by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock valued at $147,923,000 after acquiring an additional 52,126 shares during the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

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.