Citigroup Lowers Kohl’s (NYSE:KSS) Price Target to $8.00

Kohl’s (NYSE:KSS) had its price objective cut by investment analysts at Citigroup from $11.00 to $8.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential downside of 3.90% from the stock’s previous close.

Several other brokerages have also recently commented on KSS. TD Cowen reduced their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th. Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group decreased their price objective on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a research report on Tuesday, March 4th. Telsey Advisory Group restated a “market perform” rating and issued a $13.00 target price on shares of Kohl’s in a report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. decreased their price target on Kohl’s from $11.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, March 11th. Six investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.10.

Kohl’s Stock Down 2.6 %

Shares of NYSE KSS opened at $8.33 on Monday. The company has a 50 day simple moving average of $12.01 and a 200 day simple moving average of $15.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl’s has a 1 year low of $7.96 and a 1 year high of $29.60. The firm has a market cap of $926.72 million, a PE ratio of 3.75 and a beta of 1.92.

Kohl’s (NYSE:KSS) last released its quarterly earnings results 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 net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. On average, research analysts forecast that Kohl’s will post 1.3 EPS for the current year.

Insider Activity at Kohl’s

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

Institutional Trading of Kohl’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new position in shares of Kohl’s in the fourth quarter valued at approximately $26,000. Brown Brothers Harriman & Co. lifted its stake in Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after acquiring an additional 917 shares in the last quarter. Bogart Wealth LLC purchased a new position in Kohl’s during the 4th quarter worth $35,000. State of Wyoming bought a new stake in shares of Kohl’s in the 4th quarter worth $35,000. Finally, Quest Partners LLC bought a new stake in shares of Kohl’s in the 3rd quarter worth $60,000. 98.04% of the stock is owned by institutional investors.

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.