Kohl’s (NYSE:KSS) Sets New 12-Month Low – Here’s What Happened

Kohl’s Co. (NYSE:KSS) reached a new 52-week low on Friday . The company traded as low as $6.31 and last traded at $6.65, with a volume of 37079279 shares. The stock had previously closed at $8.60.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group dropped their price target on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Robert W. Baird dropped their target price on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. The Goldman Sachs Group cut their target price on Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a research report on Tuesday, March 4th. JPMorgan Chase & Co. lowered their price target on Kohl’s from $11.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, March 11th. Finally, Citigroup dropped their price objective on Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Six analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.87.

Kohl’s Trading Up 7.6 %

The company’s fifty day moving average is $10.75 and its two-hundred day moving average is $14.60. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The stock has a market cap of $795.41 million, a price-to-earnings ratio of 3.22 and a beta of 1.65.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates 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 was down 9.4% on a year-over-year basis. During the same period last year, the business earned $1.67 EPS. On average, research analysts predict that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were issued a $0.125 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.00%. Kohl’s’s payout ratio is currently 51.02%.

Institutional Investors Weigh In On Kohl’s

Several institutional investors have recently added to or reduced their stakes in KSS. Quadrature Capital Ltd raised its holdings in Kohl’s by 151.8% during the third quarter. Quadrature Capital Ltd now owns 66,744 shares of the company’s stock worth $1,408,000 after purchasing an additional 40,238 shares in the last quarter. Dana Investment Advisors Inc. grew its position in shares of Kohl’s by 56.7% in the 4th quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company’s stock valued at $3,554,000 after buying an additional 91,590 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Kohl’s by 155.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock worth $13,246,000 after acquiring an additional 573,579 shares in the last quarter. Hussman Strategic Advisors Inc. lifted its position in Kohl’s by 66.7% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company’s stock valued at $1,474,000 after acquiring an additional 42,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Kohl’s by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company’s stock valued at $24,873,000 after acquiring an additional 55,540 shares in the last quarter. Hedge funds and other 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.