Kohl’s (NYSE:KSS) Cut to “Neutral” at Robert W. Baird

Robert W. Baird cut shares of Kohl’s (NYSE:KSS) from an outperform rating to a neutral rating in a research report released on Wednesday morning, MarketBeat.com reports. They currently have $18.00 target price on the stock, down from their prior target price of $25.00.

Several other brokerages also recently weighed in on KSS. TD Cowen downgraded Kohl’s from a “buy” rating to a “hold” rating and cut their price target for the company from $25.00 to $21.00 in a report on Friday, August 30th. Citigroup lowered their price objective on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Evercore ISI lowered their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. cut shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a research note on Thursday, August 29th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price objective on shares of Kohl’s in a research note on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.22.

Kohl’s Trading Up 1.7 %

Shares of KSS opened at $15.00 on Wednesday. The stock has a fifty day moving average of $18.63 and a two-hundred day moving average of $20.61. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.16 and a current ratio of 1.05. The company has a market capitalization of $1.67 billion, a PE ratio of 6.75, a price-to-earnings-growth ratio of 1.37 and a beta of 1.94. Kohl’s has a fifty-two week low of $14.22 and a fifty-two week high of $29.60.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. As a group, analysts forecast that Kohl’s will post 1.35 EPS for the current year.

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 13.34%. Kohl’s’s dividend payout ratio (DPR) is 90.09%.

Insider Buying and Selling

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the sale, the executive vice president now directly owns 136,799 shares in the company, valued at $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is owned by corporate insiders.

Institutional Trading of Kohl’s

Several large investors have recently modified their holdings of KSS. Brown Brothers Harriman & Co. grew its stake in shares of Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after acquiring an additional 917 shares in the last quarter. Security National Bank acquired a new stake in shares of Kohl’s during the second quarter valued at about $34,000. Farther Finance Advisors LLC grew its stake in shares of Kohl’s by 117.5% during the third 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. CWM LLC grew its stake in shares of Kohl’s by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after acquiring an additional 948 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of Kohl’s during the second quarter valued at about $49,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.