Guggenheim Has Lowered Expectations for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its target price lowered by investment analysts at Guggenheim from $26.00 to $25.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s price objective would indicate a potential upside of 64.10% from the company’s current price.

A number of other equities analysts have also weighed in on KSS. Evercore ISI lowered their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Robert W. Baird lowered Kohl’s from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $18.00 in a research note on Wednesday. Gordon Haskett lowered 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. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a report on Thursday, August 29th. Finally, TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and dropped their price objective 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, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Kohl’s has a consensus rating of “Hold” and an average price target of $18.22.

Kohl’s Price Performance

NYSE:KSS opened at $15.24 on Wednesday. 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 stock’s 50 day moving average price is $18.86 and its two-hundred day moving average price is $20.77. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 5.97, a P/E/G ratio of 1.30 and a beta of 1.94. Kohl’s has a 12-month low of $14.22 and a 12-month high of $29.60.

Kohl’s (NYSE:KSS) last released 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 business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. Kohl’s’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. On average, analysts anticipate that Kohl’s will post 1.77 earnings per share for the current year.

Insider Buying and Selling

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kohl’s

Institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. grew its position in shares of Kohl’s by 149.3% in the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after buying an additional 9,925,878 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Kohl’s by 226.4% in the 3rd quarter. Victory Capital Management Inc. now owns 137,531 shares of the company’s stock valued at $2,902,000 after buying an additional 95,398 shares during the last quarter. Hexagon Capital Partners LLC grew its position in shares of Kohl’s by 49.9% in the 2nd quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock valued at $88,000 after buying an additional 1,281 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc grew its position in shares of Kohl’s by 100.0% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock valued at $1,839,000 after buying an additional 40,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake 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 purchasing an additional 52,126 shares during the period. 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.