Kohl’s Co. (NYSE:KSS) Receives Average Rating of “Reduce” from Brokerages

Kohl’s Co. (NYSE:KSS) has been given a consensus recommendation of “Reduce” by the eleven brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $16.70.

Several equities research analysts have weighed in on KSS shares. Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $18.00 in a report on Wednesday, November 27th. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Citigroup cut their price objective on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Telsey Advisory Group dropped their price objective on Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. Finally, TD Cowen reduced their price objective on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th.

Kohl’s Stock Performance

KSS stock opened at $11.73 on Tuesday. The company has a market capitalization of $1.31 billion, a P/E ratio of 5.28 and a beta of 1.85. Kohl’s has a 1-year low of $11.53 and a 1-year high of $29.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The business has a 50-day moving average price of $13.52 and a 200 day moving average price of $16.99.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data 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 firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, equities research analysts forecast that Kohl’s will post 1.3 EPS for the current fiscal year.

Insider Buying and Selling at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the 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 completion of the transaction, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

Hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its holdings in shares of Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after buying an additional 917 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Kohl’s in the fourth quarter valued at about $26,000. Farther Finance Advisors LLC raised its stake in Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after acquiring an additional 1,034 shares in the last quarter. State of Wyoming bought a new position in Kohl’s in the 4th quarter valued at approximately $35,000. Finally, Bogart Wealth LLC acquired a new position in shares of Kohl’s during the fourth quarter worth $35,000. 98.04% of the stock is owned by institutional investors and hedge funds.

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.