Jefferies Financial Group Issues Pessimistic Forecast for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its price target lowered by equities research analysts at Jefferies Financial Group from $15.00 to $12.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price target suggests a potential downside of 7.66% from the stock’s previous close.

Other analysts have also issued reports about the company. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. Baird R W cut Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Telsey Advisory Group decreased their price target on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. Citigroup cut their price objective on Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Finally, Robert W. Baird downgraded shares of Kohl’s from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $18.00 in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, Kohl’s currently has a consensus rating of “Hold” and an average target price of $16.70.

Kohl’s Stock Performance

Shares of NYSE KSS opened at $13.00 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 5.85 and a beta of 1.85. The stock’s fifty day moving average price is $14.16 and its two-hundred day moving average price is $17.59. Kohl’s has a one year low of $12.61 and a one year high of $29.60.

Kohl’s (NYSE:KSS) last announced its 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 business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the company earned $0.53 EPS. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, equities analysts forecast that Kohl’s will post 1.31 EPS for the current year.

Insider Activity at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the sale, the executive vice president now owns 133,091 shares in the company, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by insiders.

Institutional Trading of Kohl’s

Several hedge funds and other institutional investors have recently modified their holdings of KSS. Brown Brothers Harriman & Co. increased its stake in Kohl’s by 183.8% in the 3rd 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 position in shares of Kohl’s in the fourth quarter worth approximately $35,000. Farther Finance Advisors LLC raised its stake in Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares in the last quarter. Quest Partners LLC bought a new stake in Kohl’s during the third quarter valued at approximately $60,000. Finally, KBC Group NV grew its stake in Kohl’s by 58.5% in the 4th quarter. KBC Group NV now owns 5,347 shares of the company’s stock worth $75,000 after buying an additional 1,974 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

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.