Kohl’s (NYSE:KSS) Given New $8.00 Price Target at Evercore ISI

Kohl’s (NYSE:KSS) had its target price decreased by Evercore ISI from $9.00 to $8.00 in a research note published on Friday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Bank of America reduced their price objective on Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. The Goldman Sachs Group decreased their price target on Kohl’s from $7.50 to $4.00 and set a “sell” rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird dropped their price objective on shares of Kohl’s from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their target price on shares of Kohl’s from $9.00 to $7.00 and set an “underweight” rating on the stock in a research note on Monday, April 14th. Finally, Barclays assumed coverage on shares of Kohl’s in a research note on Monday. They set an “underweight” rating and a $4.00 price target for the company. Seven research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.54.

Kohl’s Stock Performance

NYSE KSS opened at $7.52 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl’s has a 1-year low of $6.04 and a 1-year high of $28.25. The business has a 50 day simple moving average of $8.28 and a two-hundred day simple moving average of $12.74. The stock has a market capitalization of $837.16 million, a PE ratio of 3.39 and a beta of 1.65.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share 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 analysts’ expectations of $5.25 billion. During the same quarter in the previous year, the business posted $1.67 earnings per share. Kohl’s’s quarterly revenue was down 9.4% on a year-over-year basis. On average, research analysts predict that Kohl’s will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 6.65%. The ex-dividend date of this dividend was Friday, March 21st. Kohl’s’s payout ratio is 51.02%.

Hedge Funds Weigh In On Kohl’s

A number of hedge funds and other institutional investors have recently modified their holdings of KSS. Marshall Wace LLP bought a new position in shares of Kohl’s in the 4th quarter worth $19,874,000. Gate City Capital Management LLC purchased a new stake in Kohl’s during the fourth quarter valued at approximately $12,773,000. ExodusPoint Capital Management LP acquired a new stake in Kohl’s in the fourth quarter valued at approximately $8,778,000. Norges Bank acquired a new position in shares of Kohl’s during the fourth quarter worth $8,185,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 valued at $13,246,000 after purchasing an additional 573,579 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

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.