Morgan Stanley Lowers Kohl’s (NYSE:KSS) Price Target to $15.00

Kohl’s (NYSE:KSS) had its target price lowered by stock analysts at Morgan Stanley from $17.00 to $15.00 in a report issued on Monday. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s target price indicates a potential downside of 1.54% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research report on Wednesday, August 28th. Evercore ISI reduced their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. Robert W. Baird dropped their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and decreased their target price for the company from $25.00 to $21.00 in a research report on Friday, August 30th. Finally, Citigroup cut their price target on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $19.00.

Kohl’s Price Performance

Shares of NYSE KSS opened at $15.24 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The firm’s 50-day simple moving average is $18.86 and its 200 day simple moving average is $20.77. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 1.20 and a beta of 1.94. Kohl’s has a fifty-two week low of $14.22 and a fifty-two week high of $29.60.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the firm earned $0.53 EPS. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. As a group, research analysts anticipate that Kohl’s will post 1.77 earnings per share for the current fiscal year.

Insider Transactions at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. grew its holdings in Kohl’s by 149.3% during the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after buying an additional 9,925,878 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Kohl’s by 226.4% during the third quarter. Victory Capital Management Inc. now owns 137,531 shares of the company’s stock valued at $2,902,000 after buying an additional 95,398 shares during the period. Hexagon Capital Partners LLC grew its position in Kohl’s by 49.9% during the second quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock worth $88,000 after buying an additional 1,281 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc increased its stake in Kohl’s by 100.0% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock worth $1,839,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kohl’s by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after purchasing an additional 52,126 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Kohl’s Company Profile

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.