Brokerages Set Kohl’s Co. (NYSE:KSS) Target Price at $16.70

Kohl’s Co. (NYSE:KSS) has been assigned an average recommendation of “Reduce” from the eleven research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $16.70.

KSS has been the subject of several recent analyst reports. Baird R W cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target for the company. in a research report on Tuesday, November 26th. Robert W. Baird cut Kohl’s from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $18.00 in a report on Wednesday, November 27th. Jefferies Financial Group reduced their price objective on Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Finally, Citigroup decreased their target price on Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th.

Kohl’s Stock Performance

NYSE KSS opened at $12.03 on Tuesday. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. Kohl’s has a 52-week low of $11.53 and a 52-week high of $29.60. The business’s 50-day moving average price is $13.23 and its 200 day moving average price is $16.74. The firm has a market cap of $1.34 billion, a P/E ratio of 5.42 and a beta of 1.85.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the business earned $0.53 EPS. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, equities research analysts expect that Kohl’s will post 1.3 earnings per share 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 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 directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. 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.

Hedge Funds Weigh In On Kohl’s

Several institutional investors have recently added to or reduced their stakes in KSS. Brown Brothers Harriman & Co. increased its stake in Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after acquiring an additional 917 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Kohl’s during the fourth quarter worth about $26,000. Farther Finance Advisors LLC increased its stake in Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after acquiring an additional 1,034 shares during the last quarter. State of Wyoming acquired a new stake in Kohl’s during the fourth quarter worth about $35,000. Finally, Bogart Wealth LLC acquired a new stake in Kohl’s during the fourth quarter worth about $35,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.