Kohl’s (NYSE:KSS) Given New $18.00 Price Target at Citigroup

Kohl’s (NYSE:KSS) had its target price decreased by stock analysts at Citigroup from $19.00 to $18.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 3.57% from the company’s current price.

Several other research analysts also recently weighed in on the company. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price target on shares of Kohl’s in a research note on Wednesday, August 28th. Evercore ISI cut their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. TD Cowen cut shares of Kohl’s from a “buy” rating to a “hold” rating and decreased their price target for the stock from $25.00 to $21.00 in a research note on Friday, August 30th. Morgan Stanley lowered Kohl’s to an “underweight” rating and cut their price objective for the company from $18.00 to $17.00 in a research report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a report on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Kohl’s presently has an average rating of “Hold” and a consensus price target of $20.43.

Kohl’s Stock Down 3.4 %

Shares of NYSE:KSS traded down $0.62 during midday trading on Monday, reaching $17.38. The company’s stock had a trading volume of 7,910,379 shares, compared to its average volume of 6,023,203. 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 firm has a market capitalization of $1.93 billion, a P/E ratio of 6.82, a PEG ratio of 1.24 and a beta of 1.94. The firm has a 50 day moving average of $19.22 and a 200-day moving average of $21.13. Kohl’s has a 12-month low of $17.22 and a 12-month high of $29.60.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, research analysts anticipate that Kohl’s will post 1.81 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 firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the sale, the executive vice president now owns 136,799 shares of the company’s stock, valued at $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kohl’s

Several hedge funds have recently bought and sold shares of KSS. Pacer Advisors Inc. grew its stake in 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 in the last quarter. FMR LLC increased 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 purchasing an additional 740,398 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Kohl’s by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock valued at $147,923,000 after acquiring an additional 52,126 shares during the period. American Century Companies Inc. grew its position in Kohl’s by 26.3% during the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock worth $71,126,000 after purchasing an additional 643,913 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Kohl’s by 348.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock valued at $50,118,000 after acquiring an additional 1,694,162 shares during the period. Institutional investors and hedge funds 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.