Kohl’s (NYSE:KSS) Shares Down 6.3% After Analyst Downgrade

Kohl’s Co. (NYSE:KSS) shares fell 6.3% during mid-day trading on Wednesday after UBS Group lowered their price target on the stock from $10.00 to $5.00. UBS Group currently has a sell rating on the stock. Kohl’s traded as low as $8.55 and last traded at $8.58. 3,721,139 shares were traded during trading, a decline of 57% from the average session volume of 8,556,530 shares. The stock had previously closed at $9.15.

Other research analysts also recently issued research reports about the stock. Telsey Advisory Group reissued a “market perform” rating and set a $13.00 target price on shares of Kohl’s in a research report on Tuesday. Morgan Stanley reduced their price objective on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday. Baird R W cut Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group decreased their price objective on Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut their target price on Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday. Six research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.56.

Insider Transactions at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was 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 approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

A number of institutional investors have recently made changes to their positions in KSS. Brown Brothers Harriman & Co. grew its holdings in 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 acquiring an additional 917 shares in the last quarter. Vident Advisory LLC raised its holdings in Kohl’s by 9.3% during the fourth quarter. Vident Advisory LLC now owns 11,421 shares of the company’s stock worth $160,000 after purchasing an additional 967 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Kohl’s by 1.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,124 shares of the company’s stock worth $830,000 after buying an additional 972 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of 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 buying an additional 1,034 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Kohl’s by 7.6% in the 4th quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company’s stock valued at $246,000 after buying an additional 1,232 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Price Performance

The stock has a market capitalization of $915.26 million, a PE ratio of 3.70 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. The stock’s 50-day moving average is $12.35 and its 200 day moving average is $15.89.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data 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. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period last year, the firm posted $1.67 EPS. Kohl’s’s revenue for the quarter was down 9.4% on a year-over-year basis. As a group, equities analysts expect that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 6.08%. Kohl’s’s payout ratio is 90.09%.

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.