Kohl’s (NYSE:KSS) Rating Lowered to “Reduce” at Gordon Haskett

Kohl’s (NYSE:KSS) was downgraded by Gordon Haskett from a “hold” rating to a “reduce” rating in a report issued on Tuesday, MarketBeat reports. They presently have a $11.00 target price on the stock. Gordon Haskett’s target price points to a potential downside of 25.37% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 target price on shares of Kohl’s in a report on Wednesday, August 28th. Morgan Stanley lowered their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday. Robert W. Baird lowered their target price on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Citigroup lowered their target price 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. Finally, TD Cowen lowered shares of Kohl’s from a “buy” rating to a “hold” rating and decreased their price objective for the company from $25.00 to $21.00 in a report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.22.

Kohl’s Price Performance

KSS stock opened at $14.74 on Tuesday. Kohl’s has a 52 week low of $14.22 and a 52 week high of $29.60. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The company has a fifty day simple moving average of $18.78 and a two-hundred day simple moving average of $20.73. The firm 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.

Kohl’s (NYSE:KSS) last released its earnings results 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 firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. Kohl’s’s revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. Analysts anticipate 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 the firm’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 transaction, the executive vice president now 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Brown Brothers Harriman & Co. grew its position in shares of 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 buying an additional 917 shares during the last quarter. Security National Bank purchased a new position in shares of Kohl’s in the 2nd quarter worth approximately $34,000. Farther Finance Advisors LLC grew its position in shares of Kohl’s by 117.5% in the 3rd 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 last quarter. CWM LLC grew its position in shares of Kohl’s by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after buying an additional 948 shares during the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Kohl’s in the 2nd quarter worth approximately $49,000. Hedge funds and other 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.