UBS Group Issues Pessimistic Forecast for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its price objective decreased by equities researchers at UBS Group from $10.00 to $5.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. UBS Group’s target price would indicate a potential downside of 39.19% from the company’s current price.

A number of other research firms have also weighed in on KSS. The Goldman Sachs Group decreased their price target on Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a research report on Tuesday, March 4th. Baird R W cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Citigroup cut their price target 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. Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a research note on Tuesday, November 26th. Finally, Guggenheim downgraded shares of Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Six research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, Kohl’s currently has an average rating of “Hold” and an average target price of $12.56.

Kohl’s Stock Down 4.5 %

NYSE KSS opened at $8.22 on Wednesday. Kohl’s has a 12 month low of $8.14 and a 12 month high of $29.60. The company has a market capitalization of $915.26 million, a P/E ratio of 3.70 and a beta of 1.92. The company’s 50 day simple moving average is $12.35 and its 200 day simple moving average is $15.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.23. The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.25 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm’s revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 earnings per share. Equities research analysts expect that Kohl’s will post 1.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the sale, the executive vice president now directly owns 133,091 shares in the company, valued at $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd boosted its holdings in Kohl’s by 151.8% in the third quarter. Quadrature Capital Ltd now owns 66,744 shares of the company’s stock worth $1,408,000 after purchasing an additional 40,238 shares in the last quarter. Dana Investment Advisors Inc. boosted its stake in shares of Kohl’s by 56.7% during the 4th quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company’s stock worth $3,554,000 after acquiring an additional 91,590 shares in the last quarter. Hussman Strategic Advisors Inc. boosted its stake in shares of Kohl’s by 66.7% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company’s stock worth $1,474,000 after acquiring an additional 42,000 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of 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 acquiring an additional 9,925,878 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Kohl’s by 15.3% in the 4th quarter. Empowered Funds LLC now owns 451,510 shares of the company’s stock valued at $6,339,000 after acquiring an additional 59,979 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.