The Goldman Sachs Group Cuts Kohl’s (NYSE:KSS) Price Target to $11.25

Kohl’s (NYSE:KSS) had its target price decreased by The Goldman Sachs Group from $13.00 to $11.25 in a report issued on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Several other research firms also recently weighed in on KSS. Jefferies Financial Group lowered their target price on Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. TD Cowen lowered their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Telsey Advisory Group decreased their price target on Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. Finally, Baird R W cut Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.84.

Kohl’s Price Performance

NYSE KSS opened at $11.24 on Tuesday. The company has a market capitalization of $1.25 billion, a PE ratio of 5.06 and a beta of 1.85. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The business’s fifty day moving average is $12.75 and its 200 day moving average is $16.23. Kohl’s has a fifty-two week low of $10.91 and a fifty-two week high of $29.60.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

Several large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Kohl’s during the fourth quarter worth approximately $26,000. 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. Bogart Wealth LLC bought a new stake in Kohl’s during the fourth quarter worth approximately $35,000. State of Wyoming bought a new stake in Kohl’s during the fourth quarter worth approximately $35,000. Finally, 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. 98.04% of the stock is owned by institutional investors.

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.