Guggenheim Has Lowered Expectations for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its price target decreased by Guggenheim from $26.00 to $25.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s price objective indicates a potential upside of 64.10% from the stock’s previous close.

A number of other brokerages also recently issued reports on KSS. Gordon Haskett downgraded 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 report on Tuesday. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price for the company. in a report on Thursday, August 29th. TD Cowen downgraded shares of Kohl’s from a “buy” rating to a “hold” rating and dropped their target price for the stock from $25.00 to $21.00 in a report on Friday, August 30th. Telsey Advisory Group dropped their target price on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, Evercore ISI dropped their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.22.

Kohl’s Stock Down 16.9 %

Shares of NYSE:KSS opened at $15.24 on Wednesday. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 5.97, a P/E/G ratio of 1.30 and a beta of 1.94. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. The business’s 50-day moving average is $18.86 and its 200-day moving average is $20.77. Kohl’s has a 1 year low of $14.22 and a 1 year high of $29.60.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data 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 net margin of 1.66% and a return on equity of 7.43%. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the firm earned $0.53 EPS. The company’s revenue was down 8.5% on a year-over-year basis. Equities research analysts predict that Kohl’s will post 1.77 earnings per share for the current year.

Insider Activity

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a filing 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its position 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 purchasing an additional 917 shares during the period. Security National Bank purchased a new stake in Kohl’s in the 2nd quarter worth about $34,000. Farther Finance Advisors LLC raised its position in 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 purchasing an additional 1,034 shares during the period. CWM LLC raised its position in Kohl’s by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after purchasing an additional 948 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new stake in Kohl’s in the 2nd quarter worth about $49,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

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.