Guggenheim Downgrades Kohl’s (NYSE:KSS) to Neutral

Kohl’s (NYSE:KSS) was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating in a research report issued on Monday, Marketbeat Ratings reports.

A number of other brokerages have also recently issued reports on KSS. Gordon Haskett cut shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price for the company. in a research report on Tuesday, November 26th. Telsey Advisory Group dropped their price objective on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, November 27th. Evercore ISI reduced their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. TD Cowen dropped their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Finally, Morgan Stanley cut their price objective on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Monday, November 25th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.22.

Kohl’s Stock Down 1.2 %

NYSE KSS opened at $15.25 on Monday. Kohl’s has a 1-year low of $14.22 and a 1-year high of $29.60. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 6.87, a PEG ratio of 1.48 and a beta of 1.88. The stock’s 50 day moving average is $18.47 and its two-hundred day moving average is $20.39. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last announced its quarterly 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 net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the firm earned $0.53 EPS. Kohl’s’s quarterly revenue was down 8.5% compared to the same quarter last year. Equities analysts forecast that Kohl’s will post 1.3 earnings per share for the current fiscal year.

Insider Activity

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. The trade was a 10.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KSS. Pacer Advisors Inc. increased its holdings in Kohl’s by 149.3% in the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after purchasing an additional 9,925,878 shares during the last quarter. FMR LLC increased its stake in shares of Kohl’s by 10.8% in the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after acquiring an additional 740,398 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Kohl’s by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock valued at $147,923,000 after acquiring an additional 52,126 shares during the period. American Century Companies Inc. boosted its stake in Kohl’s by 26.3% during the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock worth $71,126,000 after acquiring an additional 643,913 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Kohl’s by 348.0% during the second quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock valued at $50,118,000 after purchasing an additional 1,694,162 shares during the period. 98.04% of the stock is currently owned by 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.