Kohl’s (KSS) Shares Gap Down After Analyst Downgrade
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.
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%.
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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.
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