Kohl’s (NYSE:KSS) Trading Down 4.3% – Time to Sell?
by Jessica Moore · The Cerbat GemShares of Kohl’s Corporation (NYSE:KSS – Get Free Report) dropped 4.3% during mid-day trading on Friday . The stock traded as low as $20.35 and last traded at $20.8170. Approximately 1,564,676 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 3,008,917 shares. The stock had previously closed at $21.76.
Analysts Set New Price Targets
A number of analysts have commented on KSS shares. Zacks Research raised Kohl’s from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Citigroup lifted their price objective on Kohl’s from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Jefferies Financial Group upped their target price on shares of Kohl’s from $20.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, December 12th. Wall Street Zen raised shares of Kohl’s from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Finally, The Goldman Sachs Group boosted their price objective on shares of Kohl’s from $11.00 to $15.00 and gave the company a “sell” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, Kohl’s currently has a consensus rating of “Reduce” and a consensus price target of $15.73.
View Our Latest Research Report on KSS
Kohl’s Price Performance
The firm has a 50 day moving average price of $20.43 and a 200 day moving average price of $15.97. The stock has a market capitalization of $2.30 billion, a PE ratio of 11.92 and a beta of 1.42. The company has a current ratio of 1.30, a quick ratio of 0.12 and a debt-to-equity ratio of 0.99.
Kohl’s (NYSE:KSS – Get Free Report) last released its quarterly earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.29. Kohl’s had a return on equity of 4.30% and a net margin of 1.23%.The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the company posted $0.20 earnings per share. Kohl’s’s revenue for the quarter was down 3.6% on a year-over-year basis. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. Research analysts anticipate that Kohl’s Corporation will post 1.3 earnings per share for the current year.
Kohl’s Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.4%. Kohl’s’s dividend payout ratio (DPR) is presently 29.07%.
Insider Buying and Selling at Kohl’s
In other news, CFO Jill Timm sold 25,000 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $22.75, for a total value of $568,750.00. Following the completion of the sale, the chief financial officer directly owned 335,561 shares of the company’s stock, valued at $7,634,012.75. This represents a 6.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. American Century Companies Inc. increased its stake in Kohl’s by 7.5% in the 3rd quarter. American Century Companies Inc. now owns 5,042,333 shares of the company’s stock worth $77,501,000 after buying an additional 351,691 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Kohl’s by 21.0% in the second quarter. Allianz Asset Management GmbH now owns 4,303,123 shares of the company’s stock worth $36,490,000 after acquiring an additional 745,543 shares during the period. Geode Capital Management LLC grew its position in shares of Kohl’s by 43.0% during the second quarter. Geode Capital Management LLC now owns 2,615,482 shares of the company’s stock worth $22,182,000 after purchasing an additional 785,936 shares in the last quarter. First Trust Advisors LP raised its stake in Kohl’s by 11.5% during the 2nd quarter. First Trust Advisors LP now owns 2,380,359 shares of the company’s stock valued at $20,185,000 after purchasing an additional 244,761 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Kohl’s by 3,123.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,011,182 shares of the company’s stock worth $30,912,000 after purchasing an additional 1,948,783 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.
About Kohl’s
Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.
The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.