Kohl’s (NYSE:KSS) Price Target Cut to $12.00 by Analysts at Jefferies Financial Group

Kohl’s (NYSE:KSS) had its price objective dropped by equities research analysts at Jefferies Financial Group from $15.00 to $12.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target would indicate a potential downside of 7.66% from the company’s previous close.

KSS has been the subject of several other research reports. Telsey Advisory Group decreased their price target on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Gordon Haskett cut shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target for the company. in a report on Tuesday, November 26th. TD Cowen lowered 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. Morgan Stanley lowered their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, November 25th. Finally, Citigroup reduced their price target on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $16.70.

Kohl’s Stock Down 1.6 %

KSS opened at $13.00 on Tuesday. The company has a market capitalization of $1.45 billion, a PE ratio of 5.85 and a beta of 1.85. The business has a 50-day moving average of $14.16 and a 200-day moving average of $17.59. Kohl’s has a fifty-two week low of $12.61 and a fifty-two week high of $29.60. 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 (NYSE:KSS) last posted its 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). The business 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 6.44% and a net margin of 1.47%. The business’s revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 earnings per share. Equities research analysts forecast that Kohl’s will post 1.31 EPS for the current fiscal year.

Insider Buying and Selling at Kohl’s

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

Hedge Funds Weigh In On Kohl’s

A number of institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd boosted its stake in Kohl’s by 151.8% in the third quarter. Quadrature Capital Ltd now owns 66,744 shares of the company’s stock valued at $1,408,000 after acquiring an additional 40,238 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Kohl’s by 149.3% during the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after purchasing an additional 9,925,878 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Kohl’s in the 3rd quarter valued at about $735,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Kohl’s during the 3rd quarter worth about $2,694,000. Finally, Victory Capital Management Inc. raised its holdings 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 purchasing an additional 95,398 shares during the period. 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.