Kohl’s (NYSE:KSS) Trading Down 3.4% – Here’s Why

Kohl’s Corporation (NYSE:KSS)’s stock price fell 3.4% during trading on Monday . The company traded as low as $22.57 and last traded at $22.42. 304,042 shares were traded during mid-day trading, a decline of 97% from the average session volume of 9,448,540 shares. The stock had previously closed at $23.20.

Analysts Set New Price Targets

A number of research firms have issued reports on KSS. JPMorgan Chase & Co. raised their target price on Kohl’s from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, August 28th. Citigroup lifted their price objective on Kohl’s from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Cowen reaffirmed a “hold” rating on shares of Kohl’s in a report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kohl’s in a research report on Wednesday, October 8th. Finally, Robert W. Baird set a $24.00 price target on shares of Kohl’s in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $15.73.

Kohl’s Stock Performance

The stock has a market capitalization of $2.39 billion, a P/E ratio of 12.39 and a beta of 1.45. The company has a quick ratio of 0.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $19.22 and a two-hundred day moving average price of $15.02.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data 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 net margin of 1.23% and a return on equity of 4.30%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the company earned $0.20 earnings per share. Kohl’s’s revenue for the quarter was down 3.6% on a year-over-year basis. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. Equities analysts expect that Kohl’s Corporation will post 1.3 earnings per share for the current year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, December 10th. Kohl’s’s payout ratio is presently 29.07%.

Insider Buying and Selling at Kohl’s

In other Kohl’s 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 sale, 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 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 insiders.

Institutional Investors Weigh In On Kohl’s

Hedge funds have recently bought and sold shares of the stock. Amundi lifted its stake in shares of Kohl’s by 650.5% in the 1st quarter. Amundi now owns 426,699 shares of the company’s stock valued at $3,490,000 after acquiring an additional 369,841 shares during the last quarter. Quantbot Technologies LP purchased a new position in Kohl’s in the 2nd quarter worth approximately $1,324,000. Corton Capital Inc. boosted its stake in shares of Kohl’s by 223.7% during the second quarter. Corton Capital Inc. now owns 50,636 shares of the company’s stock valued at $429,000 after purchasing an additional 34,992 shares during the period. Caxton Associates LLP grew its holdings in shares of Kohl’s by 2,958.8% in the second quarter. Caxton Associates LLP now owns 621,862 shares of the company’s stock worth $5,273,000 after purchasing an additional 601,532 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Kohl’s during the 1st quarter valued at $7,818,000. 98.04% of the stock is currently owned by institutional investors.

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.