Kohl’s (NYSE:KSS) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Kohl’s (NYSE:KSS) from a buy rating to a hold rating in a research report report published on Saturday morning.

Other equities analysts have also recently issued research reports about the stock. UBS Group upped their target price on shares of Kohl’s from $4.50 to $7.00 and gave the company a “sell” rating in a research note on Wednesday, November 26th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price objective (up from $16.00) on shares of Kohl’s in a report on Tuesday, November 25th. Robert W. Baird set a $24.00 price objective on shares of Kohl’s in a research report on Wednesday, December 17th. Gordon Haskett upgraded shares of Kohl’s from an “accumulate” rating to a “buy” rating in a report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kohl’s in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $15.73.

Kohl’s Price Performance

Shares of KSS opened at $19.74 on Friday. Kohl’s has a twelve month low of $6.04 and a twelve month high of $25.22. The company has a market capitalization of $2.21 billion, a P/E ratio of 11.48 and a beta of 1.42. The firm has a 50 day moving average of $20.59 and a 200 day moving average of $16.24. The company has a quick ratio of 0.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.99.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, November 25th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.19) by $0.29. Kohl’s had a return on equity of 4.30% and a net margin of 1.23%.The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the business posted $0.20 EPS. The company’s revenue was down 3.6% compared to the same quarter last year. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. As a group, equities research analysts anticipate that Kohl’s will post 1.3 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, December 10th. Kohl’s’s payout ratio is currently 29.07%.

Insider Buying and Selling

In other news, CFO Jill Timm sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the chief financial officer owned 325,561 shares of the company’s stock, valued at $7,813,464. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Kohl’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. purchased a new position in shares of Kohl’s in the 3rd quarter worth $28,000. IFP Advisors Inc lifted its holdings in shares of Kohl’s by 3,777.6% in the 3rd quarter. IFP Advisors Inc now owns 1,900 shares of the company’s stock valued at $31,000 after acquiring an additional 1,851 shares during the last quarter. Caldwell Trust Co purchased a new position in Kohl’s in the third quarter worth about $33,000. Future Financial Wealth Managment LLC increased its stake in Kohl’s by 400.0% during the third quarter. Future Financial Wealth Managment LLC now owns 2,500 shares of the company’s stock worth $38,000 after acquiring an additional 2,000 shares during the last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in Kohl’s during the third quarter valued at approximately $39,000. Institutional investors own 98.04% of the company’s stock.

About Kohl’s

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.