Kohl’s’ (KSS) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Kohl’s (NYSE:KSS) in a research note released on Wednesday morning,Benzinga reports. They currently have a $23.00 price objective on the stock.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kohl’s in a research note on Thursday, January 22nd. TD Cowen reaffirmed a “hold” rating on shares of Kohl’s in a research note on Wednesday, November 26th. Wall Street Zen cut Kohl’s from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Jefferies Financial Group assumed coverage on Kohl’s in a research note on Wednesday, January 14th. They set a “hold” rating and a $22.00 target price on the stock. Finally, Zacks Research downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $15.27.

Kohl’s Stock Performance

Shares of NYSE KSS opened at $15.24 on Wednesday. The stock has a market cap of $1.71 billion, a PE ratio of 8.86 and a beta of 1.42. Kohl’s has a 1 year low of $6.04 and a 1 year high of $25.22. The firm has a fifty day moving average price of $18.55 and a 200-day moving average price of $18.04. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.30 and a quick ratio of 0.12.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, March 18th. Kohl’s’s payout ratio is currently 29.07%.

Insider Buying and Selling

In other Kohl’s news, CFO Jill Timm sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief financial officer owned 325,561 shares in the company, valued at $7,813,464. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KSS. Farther Finance Advisors LLC grew its holdings in shares of Kohl’s by 233.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,666 shares of the company’s stock valued at $34,000 after purchasing an additional 1,167 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in Kohl’s during the third quarter valued at $28,000. IFP Advisors Inc lifted its position in Kohl’s by 3,777.6% during the third quarter. IFP Advisors Inc now owns 1,900 shares of the company’s stock valued at $31,000 after purchasing an additional 1,851 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of Kohl’s in the 4th quarter worth $42,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Kohl’s by 164.7% in the 4th quarter. Hantz Financial Services Inc. now owns 2,102 shares of the company’s stock worth $43,000 after buying an additional 1,308 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

Kohl’s Company Profile

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.