Jefferies Financial Group Has Lowered Expectations for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its price target lowered by investment analysts at Jefferies Financial Group from $15.00 to $12.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target indicates a potential downside of 7.66% from the company’s previous close.

KSS has been the subject of several other research reports. Telsey Advisory Group decreased their target price on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, November 27th. Morgan Stanley decreased their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday, November 25th. Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target on the stock. in a research report on Tuesday, November 26th. Citigroup decreased their price target on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Finally, TD Cowen dropped their price objective on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, Kohl’s has an average rating of “Hold” and an average target price of $16.70.

Kohl’s Stock Down 1.7 %

KSS stock opened at $13.00 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The firm has a 50 day simple moving average of $14.01 and a 200-day simple moving average of $17.47. The company has a market capitalization of $1.45 billion, a P/E ratio of 5.85 and a beta of 1.85. Kohl’s has a twelve month low of $12.61 and a twelve month high of $29.60.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the firm posted $0.53 EPS. Kohl’s’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, equities research analysts predict that Kohl’s will post 1.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the sale, the executive vice president now owns 133,091 shares of the company’s stock, valued at $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kohl’s

Several hedge funds have recently modified their holdings of KSS. Brown Brothers Harriman & Co. boosted its stake in Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after buying an additional 917 shares in the last quarter. Bogart Wealth LLC acquired a new stake in Kohl’s in the 4th quarter valued at about $35,000. Farther Finance Advisors LLC boosted its position in shares of Kohl’s by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Kohl’s in the 3rd quarter worth approximately $60,000. Finally, KBC Group NV raised its holdings in shares of Kohl’s by 58.5% in the 4th quarter. KBC Group NV now owns 5,347 shares of the company’s stock worth $75,000 after purchasing an additional 1,974 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.