Citigroup Cuts Kohl’s (NYSE:KSS) Price Target to $14.00

Kohl’s (NYSE:KSS) had its price target reduced by research analysts at Citigroup from $18.00 to $14.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential downside of 5.08% from the stock’s current price.

Several other analysts also recently weighed in on the company. Guggenheim cut their target price on Kohl’s from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley cut 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. TD Cowen decreased their target price on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday. Evercore ISI dropped their price target on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. Finally, Telsey Advisory Group reduced their price target on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Kohl’s presently has an average rating of “Hold” and an average target price of $17.22.

Kohl’s Stock Performance

Shares of KSS opened at $14.75 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. Kohl’s has a 1 year low of $14.22 and a 1 year high of $29.60. The firm has a fifty day moving average of $18.70 and a 200-day moving average of $20.68. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 5.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94.

Kohl’s (NYSE:KSS) last posted 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). Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the company posted $0.53 EPS. Kohl’s’s revenue for the quarter was down 8.5% on a year-over-year basis. As a group, equities analysts anticipate that Kohl’s will post 1.77 earnings per share for the current year.

Insider Transactions at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were 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 represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KSS. Brown Brothers Harriman & Co. boosted its stake in Kohl’s by 183.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after purchasing an additional 917 shares during the period. Security National Bank acquired a new stake in shares of Kohl’s in the second quarter worth $34,000. Farther Finance Advisors LLC grew its holdings in shares of Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after buying an additional 1,034 shares in the last quarter. CWM LLC raised its position in Kohl’s by 97.1% during the second 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 period. Finally, Abich Financial Wealth Management LLC purchased a new stake in Kohl’s in the 2nd quarter worth about $49,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

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.