Kohl’s (NYSE:KSS) Price Target Cut to $12.00 by Analysts at Jefferies Financial Group

Kohl’s (NYSE:KSS) had its price objective cut by Jefferies Financial Group from $15.00 to $12.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a hold rating on the stock.

KSS has been the topic of a number of other research reports. Telsey Advisory Group lowered their target price on Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 27th. Morgan Stanley lowered their price objective on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday, November 25th. Citigroup reduced their target price on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target on the stock. in a research note on Tuesday, November 26th. Finally, TD Cowen cut their price objective on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.70.

Kohl’s Stock Performance

Shares of KSS stock opened at $12.78 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The company has a fifty day moving average price of $13.98 and a two-hundred day moving average price of $17.44. The stock has a market cap of $1.42 billion, a P/E ratio of 5.75 and a beta of 1.85. Kohl’s has a one year low of $12.61 and a one year high of $29.60.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the business posted $0.53 EPS. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. As a group, equities analysts predict that Kohl’s will post 1.31 EPS for the current year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were issued a $0.50 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 15.66%. Kohl’s’s payout ratio is presently 90.09%.

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now owns 133,091 shares of the company’s stock, valued at $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kohl’s

A number of institutional investors have recently made changes to their positions in KSS. SBI Securities Co. Ltd. acquired a new stake in Kohl’s during the 4th quarter valued at approximately $26,000. Brown Brothers Harriman & Co. boosted its stake in shares of Kohl’s by 183.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after purchasing an additional 917 shares during the last quarter. Bogart Wealth LLC acquired a new stake in shares of Kohl’s during the fourth quarter worth $35,000. Farther Finance Advisors LLC raised its stake in Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after buying an additional 1,034 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Kohl’s in the third quarter valued at $60,000. 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.