Kohl’s (NYSE:KSS) Reaches New 12-Month Low on Analyst Downgrade

Kohl’s Co. (NYSE:KSS) reached a new 52-week low during trading on Wednesday after The Goldman Sachs Group lowered their price target on the stock from $13.00 to $11.25. The Goldman Sachs Group currently has a sell rating on the stock. Kohl’s traded as low as $10.91 and last traded at $11.36, with a volume of 9041826 shares trading hands. The stock had previously closed at $11.33.

KSS has been the topic of a number of other reports. Morgan Stanley dropped their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, November 25th. 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. Telsey Advisory Group dropped their price objective on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 27th. Robert W. Baird lowered shares of Kohl’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $18.00 in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group dropped their price target on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, Kohl’s presently has a consensus rating of “Hold” and an average price target of $16.20.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the transaction, the executive vice president now directly owns 133,091 shares in the company, 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 filing with the SEC, which can be accessed through this link. 0.86% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. grew its position in Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after buying an additional 917 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Kohl’s in the fourth quarter valued at about $26,000. Farther Finance Advisors LLC lifted its holdings in shares of Kohl’s by 117.5% in the third 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. State of Wyoming purchased a new stake in shares of Kohl’s in the fourth quarter valued at about $35,000. Finally, Bogart Wealth LLC purchased a new stake in shares of Kohl’s in the fourth quarter valued at about $35,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Stock Up 0.2 %

The company has a market cap of $1.26 billion, a PE ratio of 5.11 and a beta of 1.85. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The firm’s fifty day simple moving average is $12.88 and its 200-day simple moving average is $16.30.

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.