Kohl’s (NYSE:KSS) Cut to “Hold” at StockNews.com

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

Other research analysts also recently issued research reports about the company. Telsey Advisory Group boosted their target price 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. Morgan Stanley raised their price objective 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 boosted their target price on shares of Kohl’s from $28.00 to $31.00 and gave the stock an outperform rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. raised 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. Finally, Citigroup decreased their price objective 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $24.20.

Kohl’s Stock Performance

Shares of Kohl’s stock opened at $23.93 on Monday. The stock has a market cap of $2.65 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 1.35 and a beta of 2.01. Kohl’s has a 12 month low of $17.68 and a 12 month high of $29.65. 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 business has a fifty day simple moving average of $25.48 and a 200-day simple moving average of $25.63.

Kohl’s (NYSE:KSS) last released 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 net margin of 1.81% and a return on equity of 8.40%. The company had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the prior year, the firm earned ($2.49) EPS. The company’s revenue was down 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Kohl’s will post 2.24 EPS for the current fiscal year.

Kohl’s Announces Dividend

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

Hedge Funds Weigh In On Kohl’s

Several large investors have recently made changes to their positions in KSS. Headlands Technologies LLC acquired a new position in shares of Kohl’s during the third quarter worth approximately $25,000. CWM LLC increased 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 acquiring an additional 428 shares during the period. Hexagon Capital Partners LLC raised its stake in Kohl’s by 133.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,405 shares of the company’s stock valued at $40,000 after purchasing an additional 802 shares during the last quarter. Huntington National Bank boosted its holdings in Kohl’s by 56.1% in the 3rd quarter. Huntington National Bank now owns 2,081 shares of the company’s stock valued at $44,000 after purchasing an additional 748 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in Kohl’s in the 4th quarter worth $46,000. 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.