Kohl’s (NYSE:KSS) Trading Down 8.5% – Here’s Why

Kohl’s Corporation (NYSE:KSSGet Free Report)’s share price traded down 8.5% during mid-day trading on Monday . The stock traded as low as $13.29 and last traded at $13.2660. 858,903 shares were traded during mid-day trading, a decline of 81% from the average session volume of 4,414,515 shares. The stock had previously closed at $14.50.

Wall Street Analyst Weigh In

KSS has been the subject of a number of research analyst reports. BTIG Research reaffirmed a “neutral” rating on shares of Kohl’s in a report on Tuesday, March 10th. Citigroup cut their price objective on shares of Kohl’s from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. UBS Group increased their price objective on shares of Kohl’s from $7.00 to $8.00 and gave the company a “sell” rating in a report on Wednesday, March 11th. The Goldman Sachs Group cut their price objective on shares of Kohl’s from $15.00 to $13.00 and set a “sell” rating for the company in a report on Wednesday, March 11th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Kohl’s from $22.00 to $15.00 and set an “underweight” rating for the company in a report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $14.83.

View Our Latest Stock Report on Kohl’s

Kohl’s Stock Performance

The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 1.46. The firm has a market capitalization of $1.47 billion, a PE ratio of 5.54 and a beta of 1.46. The business’s fifty day simple moving average is $14.04 and its 200-day simple moving average is $17.47.

Kohl’s (NYSE:KSSGet Free Report) last posted its earnings results on Tuesday, March 10th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.21. The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $5.08 billion. Kohl’s had a return on equity of 4.72% and a net margin of 1.75%.The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 EPS. Kohl’s has set its FY 2026 guidance at 1.000-1.600 EPS. As a group, equities research analysts expect that Kohl’s Corporation will post 1.31 EPS for the current year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Wednesday, March 18th. Kohl’s’s dividend payout ratio is currently 21.19%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Y Intercept Hong Kong Ltd boosted its position in shares of Kohl’s by 221.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 143,376 shares of the company’s stock valued at $2,204,000 after acquiring an additional 98,778 shares during the last quarter. Federated Hermes Inc. bought a new position in shares of Kohl’s during the 3rd quarter valued at approximately $5,198,000. M&T Bank Corp lifted its position in Kohl’s by 1,325.9% in the fourth quarter. M&T Bank Corp now owns 317,630 shares of the company’s stock worth $6,483,000 after buying an additional 295,355 shares during the last quarter. Bayforest Capital Ltd bought a new stake in Kohl’s in the third quarter worth $765,000. Finally, Public Sector Pension Investment Board lifted its position in Kohl’s by 15.3% in the third quarter. Public Sector Pension Investment Board now owns 437,051 shares of the company’s stock worth $6,717,000 after buying an additional 58,017 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

About Kohl’s

(Get Free Report)

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.

Further Reading

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