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

Kohl’s (NYSE:KSS) had its price target reduced by research analysts at Morgan Stanley from $10.00 to $8.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential downside of 12.22% from the stock’s current price.

Other research analysts have also issued reports about the company. TD Cowen lowered their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th. JPMorgan Chase & Co. decreased their target price on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday. Robert W. Baird dropped their price target on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday. 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 research note on Wednesday, November 27th. Finally, Guggenheim lowered shares of Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Five investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.19.

Kohl’s Trading Down 24.4 %

Shares of NYSE:KSS opened at $9.11 on Wednesday. Kohl’s has a fifty-two week low of $8.75 and a fifty-two week high of $29.60. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The company has a market cap of $1.01 billion, a PE ratio of 4.11 and a beta of 1.92. The company’s 50-day moving average price is $12.58 and its 200 day moving average price is $16.00.

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, topping 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 the consensus estimate of $5.25 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The business’s revenue was down 9.4% on a year-over-year basis. Sell-side analysts anticipate that Kohl’s will post 1.3 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the 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 completion of the transaction, the executive vice president now owns 133,091 shares in the company, 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 can be accessed through the SEC website. Insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. lifted 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 acquiring an additional 9,925,878 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Kohl’s in the fourth quarter valued at $19,874,000. Gate City Capital Management LLC acquired a new stake in shares of Kohl’s in the fourth quarter worth $12,773,000. FMR LLC boosted its position in shares of Kohl’s by 10.8% in the third quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after buying an additional 740,398 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Kohl’s during the fourth quarter valued at $8,778,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Company Profile

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.