Kohl’s (NYSE:KSS) Receives Market Perform Rating from Telsey Advisory Group

Kohl’s (NYSE:KSS)‘s stock had its “market perform” rating reissued by analysts at Telsey Advisory Group in a research report issued to clients and investors on Tuesday, Marketbeat reports. They presently have a $13.00 target price on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 51.96% from the company’s current price.

Several other equities analysts have also issued reports on the company. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Baird R W lowered Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Gordon Haskett cut Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price on the stock. in a research note on Tuesday, November 26th. Citigroup cut their target price on Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Finally, Robert W. Baird cut Kohl’s from an “outperform” rating to a “neutral” rating and cut their target price for the company from $25.00 to $18.00 in a research note on Wednesday, November 27th. Six investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, Kohl’s currently has a consensus rating of “Hold” and an average price target of $12.56.

Kohl’s Price Performance

Shares of KSS opened at $8.56 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The stock has a 50 day simple moving average of $12.47 and a 200 day simple moving average of $15.95. Kohl’s has a 52-week low of $8.28 and a 52-week high of $29.60. The firm has a market capitalization of $952.33 million, a PE ratio of 3.85 and a beta of 1.92.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same period in the previous year, the firm earned $1.67 EPS. Kohl’s’s quarterly revenue was down 9.4% compared to the same quarter last year. Sell-side analysts predict that Kohl’s will post 1.3 EPS for the current fiscal year.

Insider Activity at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the transaction, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. This represents a 2.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KSS. Pacer Advisors Inc. raised its position 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. Marshall Wace LLP bought a new position in shares of Kohl’s during the fourth quarter worth about $19,874,000. Gate City Capital Management LLC bought a new position in shares of Kohl’s during the fourth quarter worth about $12,773,000. FMR LLC raised its position in shares of Kohl’s by 10.8% during the third quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after acquiring an additional 740,398 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in shares of Kohl’s during the fourth quarter worth about $8,778,000. 98.04% of the stock is owned by institutional investors and hedge funds.

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.