TD Cowen Issues Pessimistic Forecast for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its target price dropped by analysts at TD Cowen from $20.00 to $16.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 3.09% from the stock’s previous close.

Other analysts also recently issued reports about the company. Guggenheim reduced their target price on Kohl’s from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday. Evercore ISI reduced their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. Morgan Stanley lowered their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday. Citigroup reduced their price target on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a report on Thursday, August 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.67.

Kohl’s Trading Up 2.0 %

KSS opened at $15.52 on Wednesday. Kohl’s has a twelve month low of $14.22 and a twelve month high of $29.60. The company has a fifty day moving average of $18.86 and a 200-day moving average of $20.77. The stock has a market cap of $1.73 billion, a PE ratio of 5.96, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 EPS. On average, sell-side analysts predict that Kohl’s will post 1.77 EPS for the current year.

Insider Activity at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.86% of the stock is owned by insiders.

Hedge Funds Weigh In On Kohl’s

Several institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC lifted its stake in Kohl’s by 23.0% in the first quarter. Tidal Investments LLC now owns 15,942 shares of the company’s stock valued at $465,000 after purchasing an additional 2,982 shares during the last quarter. EMC Capital Management raised its stake in shares of Kohl’s by 231.8% in the first quarter. EMC Capital Management now owns 7,891 shares of the company’s stock valued at $230,000 after buying an additional 5,513 shares during the period. CWM LLC lifted its position in shares of Kohl’s by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after buying an additional 948 shares during the last quarter. Annex Advisory Services LLC grew its stake in shares of Kohl’s by 19.5% during the 2nd quarter. Annex Advisory Services LLC now owns 196,637 shares of the company’s stock worth $4,521,000 after acquiring an additional 32,034 shares during the period. Finally, Gilman Hill Asset Management LLC increased its holdings in Kohl’s by 2.4% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 320,070 shares of the company’s stock worth $7,358,000 after acquiring an additional 7,419 shares during the last quarter. Institutional investors 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.