TheStreet cut shares of Kohl’s (NYSE:KSS) from a c rating to a d+ rating in a research report released on Tuesday morning, TheStreetRatingsTable reports.
Several other analysts have also recently commented on KSS. Robert W. Baird decreased their price target on shares of Kohl’s from $52.00 to $48.00 and set an outperform rating on the stock in a research note on Wednesday, March 4th. Cleveland Research lowered shares of Kohl’s from a neutral rating to an underperform rating in a report on Friday, March 27th. Morgan Stanley cut their price objective on shares of Kohl’s from $19.00 to $18.00 and set an underweight rating on the stock in a report on Thursday, April 23rd. Guggenheim cut their price objective on shares of Kohl’s from $50.00 to $25.00 and set a buy rating on the stock in a report on Monday, April 27th. Finally, Citigroup cut their price objective on shares of Kohl’s from $24.00 to $19.00 and set a neutral rating on the stock in a report on Thursday, March 26th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. Kohl’s has a consensus rating of Hold and an average price target of $35.91.
KSS opened at $17.48 on Tuesday. Kohl’s has a one year low of $10.89 and a one year high of $59.28. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.88 and a quick ratio of 0.40. The company’s 50 day simple moving average is $17.12 and its 200-day simple moving average is $36.74. The stock has a market capitalization of $2.59 billion, a P/E ratio of 34.28 and a beta of 1.73.
Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, May 19th. The company reported ($3.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.80) by ($1.40). Kohl’s had a net margin of 0.48% and a return on equity of 3.34%. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period last year, the company earned $0.61 earnings per share. Kohl’s’s revenue for the quarter was down 36.5% compared to the same quarter last year. As a group, analysts anticipate that Kohl’s will post -0.15 EPS for the current year.
In related news, Director Peter Boneparth acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average cost of $34.14 per share, for a total transaction of $341,400.00. Also, Director Jonas Prising acquired 17,938 shares of the company’s stock in a transaction that occurred on Friday, April 3rd. The shares were bought at an average price of $14.15 per share, for a total transaction of $253,822.70. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.
Several large investors have recently modified their holdings of KSS. Institute for Wealth Management LLC. bought a new position in Kohl’s in the fourth quarter valued at $27,000. TRUE Private Wealth Advisors bought a new position in Kohl’s in the fourth quarter valued at $35,000. Legacy Bridge LLC bought a new position in Kohl’s in the fourth quarter valued at $36,000. Mine & Arao Wealth Creation & Management LLC. bought a new position in Kohl’s in the fourth quarter valued at $70,000. Finally, Proffitt & Goodson Inc. bought a new position in Kohl’s in the fourth quarter valued at $85,000. Institutional investors and hedge funds own 96.16% of the company’s stock.
Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.
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