Kohl’s (NYSE:KSS) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Kohl’s (NYSE:KSS) from a buy rating to a hold rating in a research note released on Saturday morning.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group increased their target price on Kohl’s from $11.00 to $15.00 and gave the company a “sell” rating in a research note on Wednesday, November 26th. TD Cowen reaffirmed a “hold” rating on shares of Kohl’s in a research note on Wednesday, November 26th. Zacks Research upgraded Kohl’s from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Evercore raised their price objective on Kohl’s from $13.00 to $21.00 and gave the company an “in-line” rating in a report on Tuesday, November 25th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $23.00 target price (up previously from $16.00) on shares of Kohl’s in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $15.55.

Kohl’s Stock Up 4.9%

KSS stock opened at $19.85 on Friday. Kohl’s has a 1-year low of $6.04 and a 1-year high of $25.22. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 11.54 and a beta of 1.44. The company has a current ratio of 1.30, a quick ratio of 0.12 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average is $20.09 and its 200 day moving average is $17.54.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, November 25th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.29. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Kohl’s had a net margin of 1.23% and a return on equity of 4.30%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 EPS. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. Sell-side analysts predict that Kohl’s will post 1.3 EPS for the current fiscal year.

Insider Activity at Kohl’s

In other news, CFO Jill Timm sold 25,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $22.75, for a total value of $568,750.00. Following the completion of the sale, the chief financial officer owned 335,561 shares of the company’s stock, valued at approximately $7,634,012.75. The trade was a 6.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Kohl’s

A number of large investors have recently bought and sold shares of KSS. Y Intercept Hong Kong Ltd grew its holdings in shares of Kohl’s by 221.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 143,376 shares of the company’s stock worth $2,204,000 after acquiring an additional 98,778 shares during the period. Federated Hermes Inc. purchased a new position in shares of Kohl’s in the 3rd quarter valued at approximately $5,198,000. Quantbot Technologies LP bought a new stake in shares of Kohl’s during the second quarter valued at approximately $1,324,000. Corton Capital Inc. grew its stake in Kohl’s by 223.7% in the second quarter. Corton Capital Inc. now owns 50,636 shares of the company’s stock worth $429,000 after purchasing an additional 34,992 shares during the period. Finally, TriaGen Wealth Management LLC purchased a new stake in Kohl’s in the third quarter worth $730,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

About Kohl’s

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.