Kohl’s Co. (NYSE:KSS)’s share price gapped down before the market opened on Wednesday after Citigroup lowered their price target on the stock from $79.00 to $71.00. The stock had previously closed at $66.03, but opened at $64.45. Citigroup currently has a neutral rating on the stock. Kohl’s shares last traded at $66.78, with a volume of 2689261 shares traded.

A number of other equities analysts have also recently issued reports on the stock. Credit Suisse Group cut their price objective on shares of Kohl’s from $78.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday. Bank of America set a $80.00 price objective on shares of Kohl’s and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada cut their price objective on shares of Kohl’s to $73.00 and set a “market perform” rating on the stock in a research report on Wednesday. Piper Jaffray Companies set a $68.00 price objective on shares of Kohl’s and gave the stock a “hold” rating in a research report on Wednesday. Finally, Telsey Advisory Group cut their price objective on shares of Kohl’s from $99.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. Kohl’s currently has a consensus rating of “Hold” and an average target price of $77.25.

In related news, President Sona Chawla sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $74.69, for a total value of $746,900.00. Following the sale, the president now owns 224,159 shares in the company, valued at approximately $16,742,435.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard D. Schepp sold 21,584 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $81.75, for a total transaction of $1,764,492.00. The disclosure for this sale can be found here. Insiders sold a total of 75,788 shares of company stock worth $6,104,331 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of KSS. AQR Capital Management LLC increased its stake in Kohl’s by 18.0% in the 3rd quarter. AQR Capital Management LLC now owns 7,606,249 shares of the company’s stock valued at $567,046,000 after buying an additional 1,162,802 shares during the last quarter. Wells Fargo & Company MN increased its stake in Kohl’s by 3.9% in the 2nd quarter. Wells Fargo & Company MN now owns 3,407,576 shares of the company’s stock valued at $248,411,000 after buying an additional 129,277 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Kohl’s by 18.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,665,578 shares of the company’s stock valued at $194,323,000 after buying an additional 414,431 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Kohl’s by 153.6% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 2,551,899 shares of the company’s stock valued at $190,244,000 after buying an additional 1,545,495 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Kohl’s by 15.4% in the 3rd quarter. Prudential Financial Inc. now owns 2,523,317 shares of the company’s stock valued at $188,113,000 after buying an additional 336,708 shares during the last quarter.

The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.53 and a current ratio of 1.82. The company has a market cap of $11.84 billion, a P/E ratio of 15.82, a PEG ratio of 1.94 and a beta of 1.10.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, November 20th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.36 billion. Kohl’s had a net margin of 4.79% and a return on equity of 15.55%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. As a group, analysts expect that Kohl’s Co. will post 5.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $2.44 annualized dividend and a yield of 3.68%. Kohl’s’s dividend payout ratio (DPR) is 58.23%.

WARNING: This report was posted by Daily Political and is the property of of Daily Political. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2018/11/21/kohls-kss-shares-gap-down-after-analyst-downgrade.html.

Kohl’s Company Profile (NYSE:KSS)

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

Featured Story: Trading Strategy Examples and Plans

Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.