Kohl’s (NYSE:KSS) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Kohl’s (NYSE:KSS) in a research note released on Tuesday morning,Benzinga reports. The firm currently has a $13.00 price target on the stock.

Other analysts also recently issued reports about the company. Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $18.00 in a report on Wednesday, November 27th. TD Cowen decreased their price objective on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. Jefferies Financial Group decreased their price objective on Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Finally, Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.93.

Kohl’s Stock Down 24.4 %

Shares of NYSE:KSS opened at $9.11 on Tuesday. The company has a fifty day moving average of $12.58 and a 200-day moving average of $16.00. The company has a market capitalization of $1.01 billion, a PE ratio of 4.11 and a beta of 1.92. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. Kohl’s has a 52-week low of $8.75 and a 52-week high of $29.60.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.23. The company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.25 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.67 earnings per share. On average, equities analysts predict that Kohl’s will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.49%. Kohl’s’s dividend payout ratio (DPR) is currently 90.09%.

Insider Buying and Selling at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the transaction, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Kohl’s

A number of institutional investors and hedge funds have recently made changes to their positions in KSS. SBI Securities Co. Ltd. bought a new position in shares of Kohl’s during the 4th quarter worth about $26,000. Brown Brothers Harriman & Co. boosted its position in shares of Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after purchasing an additional 917 shares in the last quarter. Bogart Wealth LLC bought a new position in shares of Kohl’s during the 4th quarter worth about $35,000. State of Wyoming bought a new position in Kohl’s in the 4th quarter valued at about $35,000. Finally, Farther Finance Advisors LLC lifted its position in Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after acquiring an additional 1,034 shares in the last quarter. Institutional investors 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.