Kohl’s (NYSE:KSS) Reaches New 12-Month Low – Time to Sell?

Kohl’s Co. (NYSE:KSS)’s stock price hit a new 52-week low on Monday . The stock traded as low as $11.85 and last traded at $12.00, with a volume of 1092627 shares trading hands. The stock had previously closed at $12.08.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KSS. TD Cowen dropped their price target on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Telsey Advisory Group cut their target price on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Citigroup reduced their price target on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Baird R W lowered Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $18.00 in a report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.70.

Kohl’s Price Performance

The company has a market cap of $1.31 billion, a price-to-earnings ratio of 5.31 and a beta of 1.85. The company has a fifty day simple moving average of $13.81 and a two-hundred day simple moving average of $17.25. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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%. Kohl’s’s revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. On average, equities research analysts anticipate that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Kohl’s

Institutional investors and hedge funds have recently modified their holdings of the company. Brown Brothers Harriman & Co. grew its stake in Kohl’s by 183.8% in 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 during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Kohl’s in the fourth quarter valued at $26,000. Farther Finance Advisors LLC increased its stake in Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares during the last quarter. Bogart Wealth LLC purchased a new position in Kohl’s during the fourth quarter worth about $35,000. Finally, Quest Partners LLC purchased a new position in Kohl’s during the third quarter worth about $60,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Company Profile

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.