Kohl’s (NYSE:KSS) Price Target Lowered to $8.00 at Morgan Stanley

Kohl’s (NYSE:KSS) had its price objective cut by equities research analysts at Morgan Stanley from $10.00 to $8.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s target price would indicate a potential downside of 12.22% from the stock’s current price.

A number of other research firms also recently commented on KSS. Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. Baird R W downgraded shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a research note on Tuesday, November 26th. The Goldman Sachs Group lowered their target price on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a research report on Tuesday, March 4th. Finally, Citigroup reduced their price target on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Five equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.19.

Kohl’s Trading Down 24.4 %

Shares of NYSE:KSS opened at $9.11 on Wednesday. The firm has a fifty day moving average of $12.58 and a two-hundred day moving average of $16.00. 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 12-month low of $8.75 and a 12-month high of $29.60. The firm has a market capitalization of $1.01 billion, a P/E ratio of 4.11 and a beta of 1.92.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The business’s revenue for the quarter was down 9.4% on a year-over-year basis. On average, equities analysts expect that Kohl’s will post 1.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now owns 133,091 shares in the company, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Kohl’s

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in shares of Kohl’s during the 4th quarter worth about $26,000. Brown Brothers Harriman & Co. grew its position 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 buying an additional 917 shares in the last quarter. Bogart Wealth LLC bought a new position in Kohl’s during the fourth quarter valued at about $35,000. State of Wyoming acquired a new position in Kohl’s in the 4th quarter valued at approximately $35,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Kohl’s by 117.5% in the 3rd 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 period. 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.