Kohl’s (NYSE:KSS) Price Target Cut to $17.00 by Analysts at Telsey Advisory Group

Kohl’s (NYSE:KSS) had its price objective reduced by investment analysts at Telsey Advisory Group from $23.00 to $17.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target suggests a potential upside of 15.25% from the stock’s current price.

KSS has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a research note on Thursday, August 29th. Citigroup lowered their price target on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Evercore ISI cut their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price on the stock. in a research report on Tuesday. Finally, TD Cowen downgraded Kohl’s from a “buy” rating to a “hold” rating and cut their price target for the company from $25.00 to $21.00 in a report on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.22.

Kohl’s Stock Performance

NYSE:KSS opened at $14.75 on Wednesday. Kohl’s has a twelve month low of $14.22 and a twelve month high of $29.60. The company has a market capitalization of $1.64 billion, a P/E ratio of 5.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $18.70 and a two-hundred day moving average price of $20.68.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. As a group, research analysts expect that Kohl’s will post 1.77 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 16,367 shares of Kohl’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kohl’s

Large investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. boosted its position in Kohl’s by 183.8% during 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 position in shares of Kohl’s during the second quarter worth about $34,000. Farther Finance Advisors LLC boosted its position 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 worth $40,000 after buying an additional 1,034 shares during the period. CWM LLC grew its stake in shares of Kohl’s by 97.1% in 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 in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of Kohl’s in the second quarter valued at about $49,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.