Bank of America Issues Pessimistic Forecast for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its target price trimmed by Bank of America from $15.00 to $8.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has an underperform rating on the stock.

Several other research analysts have also recently weighed in on KSS. Morgan Stanley decreased their price objective on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday. Robert W. Baird decreased their price objective on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday. Jefferies Financial Group decreased their price objective on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Finally, Guggenheim cut shares of Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Six investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.56.

Kohl’s Trading Down 6.5 %

Shares of KSS opened at $8.56 on Wednesday. The business’s 50-day moving average price is $12.47 and its 200-day moving average price is $15.95. Kohl’s has a twelve month low of $8.28 and a twelve month high of $29.60. The stock has a market cap of $952.33 million, a PE ratio of 3.85 and a beta of 1.92. 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 announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The company’s revenue was down 9.4% on a year-over-year basis. On average, equities analysts forecast that Kohl’s will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date is Friday, March 21st. Kohl’s’s dividend payout ratio (DPR) is presently 90.09%.

Insider Activity

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

Institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Kohl’s during the fourth quarter valued at approximately $26,000. Brown Brothers Harriman & Co. lifted its stake in Kohl’s by 183.8% in the third 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. Bogart Wealth LLC purchased a new stake in Kohl’s in the fourth quarter worth $35,000. State of Wyoming purchased a new stake in Kohl’s in the fourth quarter worth $35,000. Finally, Farther Finance Advisors LLC lifted 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 worth $40,000 after acquiring an additional 1,034 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

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.