Kohl’s (NYSE:KSS) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Kohl’s (NYSE:KSS) in a report published on Wednesday morning,Benzinga reports. They currently have a $23.00 price target on the stock.

Other analysts also recently issued reports about the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Kohl’s in a report on Thursday, January 22nd. Gordon Haskett upgraded shares of Kohl’s from an “accumulate” rating to a “buy” rating in a research note on Tuesday, November 25th. The Goldman Sachs Group boosted their price target on Kohl’s from $11.00 to $15.00 and gave the company a “sell” rating in a research note on Wednesday, November 26th. Jefferies Financial Group began coverage on Kohl’s in a report on Wednesday, January 14th. They issued a “hold” rating and a $22.00 price target for the company. Finally, Evercore lifted their price objective on Kohl’s from $13.00 to $21.00 and gave the stock an “in-line” rating in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $15.27.

Kohl’s Stock Down 0.4%

KSS opened at $15.32 on Wednesday. The business has a 50 day moving average of $18.79 and a 200-day moving average of $18.05. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 8.91 and a beta of 1.42. The company has a current ratio of 1.30, a quick ratio of 0.12 and a debt-to-equity ratio of 0.99. Kohl’s has a 1-year low of $6.04 and a 1-year high of $25.22.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend 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 Activity

In other Kohl’s news, CFO Jill Timm sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the chief financial officer directly owned 325,561 shares in the company, valued at $7,813,464. The trade was 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 at this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in Kohl’s by 233.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,666 shares of the company’s stock worth $34,000 after acquiring an additional 1,167 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Kohl’s in the third quarter valued at $28,000. IFP Advisors Inc raised its holdings in shares of Kohl’s by 3,777.6% in the third quarter. IFP Advisors Inc now owns 1,900 shares of the company’s stock valued at $31,000 after buying an additional 1,851 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of Kohl’s in the fourth quarter valued at about $42,000. Finally, Hantz Financial Services Inc. lifted its position in Kohl’s by 164.7% during 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 in the last quarter. 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.