Telsey Advisory Group Lowers Kohl’s (NYSE:KSS) Price Target to $17.00

Kohl’s (NYSE:KSS) had its price objective lowered by Telsey Advisory Group from $23.00 to $17.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 11.59% from the company’s current price.

Several other equities research analysts have also commented on KSS. TD Cowen lowered shares of Kohl’s from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price on the stock. in a report on Tuesday. Robert W. Baird lowered shares of Kohl’s from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $18.00 in a report on Wednesday. Evercore ISI reduced their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Finally, Morgan Stanley reduced their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.22.

Kohl’s Stock Performance

NYSE:KSS opened at $15.24 on Wednesday. Kohl’s has a fifty-two week low of $14.22 and a fifty-two week high of $29.60. 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’s fifty day simple moving average is $18.86 and its 200-day simple moving average is $20.77. The stock has a market cap of $1.69 billion, a PE ratio of 5.97, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Kohl’s’s quarterly revenue was down 8.5% on a year-over-year basis. Analysts expect that Kohl’s will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were 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 approximately $2,636,116.73. This represents a 10.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

A number of institutional investors and hedge funds have recently bought and sold shares of KSS. Pacer Advisors Inc. increased its position 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. Squarepoint Ops LLC grew its position in Kohl’s by 6,076.8% in the second quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock valued at $42,175,000 after acquiring an additional 1,804,809 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Kohl’s by 348.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock valued at $50,118,000 after buying an additional 1,694,162 shares during the last quarter. FMR LLC boosted its stake in shares of Kohl’s by 10.8% during the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after buying an additional 740,398 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Kohl’s by 518.9% during the 2nd quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock valued at $19,658,000 after buying an additional 716,919 shares during the last quarter. 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.