Robert W. Baird Downgrades Kohl’s (NYSE:KSS) to Neutral

Kohl’s (NYSE:KSS) was downgraded by equities research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday, Marketbeat reports. They presently have a $18.00 price target on the stock, down from their prior price target of $25.00. Robert W. Baird’s price target points to a potential upside of 22.03% from the stock’s previous close.

KSS has been the topic of a number of other reports. Evercore ISI cut their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Citigroup reduced their price objective on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. TD Cowen downgraded shares of Kohl’s from a “buy” rating to a “hold” rating and lowered their target price for the stock from $25.00 to $21.00 in a research note on Friday, August 30th. Morgan Stanley cut their price target on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research report on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.22.

Kohl’s Stock Down 3.1 %

Shares of NYSE KSS opened at $14.75 on Wednesday. The company has a 50 day simple moving average of $18.70 and a 200 day simple moving average of $20.68. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. Kohl’s has a 1 year low of $14.22 and a 1 year high of $29.60. The firm has a market cap of $1.64 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94.

Kohl’s (NYSE:KSS) last released its quarterly 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). The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. Kohl’s’s revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. On average, research analysts forecast that Kohl’s will post 1.77 EPS for the current year.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 136,799 shares of the company’s stock, valued at $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kohl’s

Large investors have recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in shares of Kohl’s by 25.6% in the third quarter. Franklin Resources Inc. now owns 45,179 shares of the company’s stock valued at $872,000 after purchasing an additional 9,196 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Kohl’s in the 3rd quarter valued at about $215,000. Geode Capital Management LLC lifted its position in shares of Kohl’s by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock worth $38,541,000 after buying an additional 91,608 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Kohl’s in the 3rd quarter worth approximately $2,694,000. Finally, Whitebox Advisors LLC grew its holdings in shares of Kohl’s by 19.0% in the third quarter. Whitebox Advisors LLC now owns 62,770 shares of the company’s stock valued at $1,324,000 after acquiring an additional 10,000 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

About Kohl’s

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.