Kohl’s (NYSE:KSS) Stock Price Down 6.3% – Here’s What Happened
by Jessica Moore · The Cerbat GemKohl’s Corporation (NYSE:KSS – Get Free Report)’s stock price traded down 6.3% during trading on Tuesday . The stock traded as low as $17.16 and last traded at $17.2890. Approximately 540,916 shares traded hands during trading, a decline of 89% from the average session volume of 4,850,376 shares. The stock had previously closed at $18.45.
Wall Street Analysts Forecast Growth
KSS has been the subject of a number of research reports. Citigroup raised Kohl’s from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $22.00 in a research note on Monday, June 1st. Bank of America dropped their price objective on Kohl’s from $15.00 to $14.00 and set an “underperform” rating on the stock in a research note on Friday, May 29th. JPMorgan Chase & Co. cut their price objective on Kohl’s from $22.00 to $15.00 and set an “underweight” rating for the company in a report on Tuesday, March 10th. Jefferies Financial Group lowered their target price on Kohl’s from $22.00 to $15.00 and set a “hold” rating on the stock in a report on Wednesday, March 11th. Finally, Wall Street Zen cut shares of Kohl’s from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, Kohl’s presently has an average rating of “Reduce” and a consensus price target of $14.85.
Check Out Our Latest Research Report on KSS
Kohl’s Price Performance
The stock has a 50-day moving average of $15.11 and a two-hundred day moving average of $16.60. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 7.38 and a beta of 1.45. The company has a current ratio of 1.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.93.
Kohl’s (NYSE:KSS – Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.05. Kohl’s had a net margin of 1.76% and a return on equity of 4.67%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm earned ($0.13) EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. Kohl’s has set its FY 2026 guidance at 1.000-1.600 EPS. On average, analysts anticipate that Kohl’s Corporation will post 1.32 EPS for the current year.
Kohl’s Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, June 10th. Kohl’s’s dividend payout ratio (DPR) is 21.19%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. IFP Advisors Inc lifted its stake in Kohl’s by 3,777.6% in the 3rd quarter. IFP Advisors Inc now owns 1,900 shares of the company’s stock worth $31,000 after acquiring an additional 1,851 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Kohl’s by 233.9% in the 4th 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 during the period. iSAM Funds UK Ltd acquired a new position in shares of Kohl’s in the 3rd quarter valued at about $39,000. Plato Investment Management Ltd purchased a new stake in shares of Kohl’s in the fourth quarter worth approximately $42,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Kohl’s by 164.7% in the fourth quarter. Hantz Financial Services Inc. now owns 2,102 shares of the company’s stock worth $43,000 after purchasing an additional 1,308 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.
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.