Kohl’s (NYSE:KSS) Stock Price Down 6.9% – Time to Sell?

Shares of Kohl’s Corporation (NYSE:KSS) traded down 6.9% during mid-day trading on Monday . The stock traded as low as $14.02 and last traded at $14.07. 3,489,511 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 3,709,088 shares. The stock had previously closed at $15.12.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target on shares of Kohl’s in a research note on Wednesday, March 4th. Evercore boosted their target price on Kohl’s from $13.00 to $21.00 and gave the stock an “in-line” rating in a research report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kohl’s in a research note on Thursday, January 22nd. Wall Street Zen downgraded Kohl’s from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Citigroup dropped their target price on shares of Kohl’s from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $15.27.

Kohl’s Trading Down 5.5%

The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.12 and a current ratio of 1.30. The stock has a market capitalization of $1.60 billion, a PE ratio of 8.33 and a beta of 1.42. The company has a 50 day moving average of $18.55 and a two-hundred day moving average of $18.10.

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, March 18th. Kohl’s’s dividend payout ratio is currently 29.07%.

Insiders Place Their Bets

In other Kohl’s news, CFO Jill Timm sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were 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. The trade was a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kohl’s

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Kohl’s by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 12,181,767 shares of the company’s stock worth $248,630,000 after acquiring an additional 273,500 shares during the period. Dimensional Fund Advisors LP raised its stake in Kohl’s by 12.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,597,801 shares of the company’s stock valued at $114,250,000 after acquiring an additional 620,070 shares in the last quarter. American Century Companies Inc. increased its stake in Kohl’s by 7.5% during the 3rd quarter. American Century Companies Inc. now owns 5,042,333 shares of the company’s stock valued at $77,501,000 after buying an additional 351,691 shares during the period. Geode Capital Management LLC raised its position in Kohl’s by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,703,024 shares of the company’s stock worth $55,177,000 after acquiring an additional 47,037 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of Kohl’s in the fourth quarter worth $49,796,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

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.