Kohl’s (NYSE:KSS) Downgraded by Gordon Haskett to Reduce

Kohl’s (NYSE:KSS) was downgraded by stock analysts at Gordon Haskett from a “hold” rating to a “reduce” rating in a report released on Tuesday,Briefing.com Automated Import reports. They presently have a $11.00 price objective on the stock. Gordon Haskett’s price objective would suggest a potential downside of 27.20% from the company’s previous close.

A number of other equities research analysts also recently weighed in on KSS. Citigroup decreased their price target on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Robert W. Baird reduced their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. TD Cowen lowered shares of Kohl’s from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $25.00 to $21.00 in a report on Friday, August 30th. JPMorgan Chase & Co. downgraded Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a report on Thursday, August 29th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Kohl’s in a report on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Kohl’s has an average rating of “Hold” and an average target price of $19.00.

Kohl’s Trading Down 17.6 %

KSS stock traded down $3.23 during trading on Tuesday, reaching $15.11. 51,235,591 shares of the stock traded hands, compared to its average volume of 6,300,757. 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 firm has a market capitalization of $1.68 billion, a PE ratio of 5.96, a P/E/G ratio of 1.20 and a beta of 1.94. Kohl’s has a 52-week low of $14.22 and a 52-week high of $29.60. The business’s 50 day moving average price is $18.93 and its 200-day moving average price is $20.83.

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

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the transaction, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. This represents a 10.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

Several institutional investors have recently added to or reduced their stakes in KSS. Acadian Asset Management LLC grew its stake in shares of Kohl’s by 626.4% in the first quarter. Acadian Asset Management LLC now owns 5,063 shares of the company’s stock valued at $147,000 after acquiring an additional 4,366 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Kohl’s by 23.0% in the first quarter. Tidal Investments LLC now owns 15,942 shares of the company’s stock valued at $465,000 after buying an additional 2,982 shares during the period. Hancock Whitney Corp bought a new stake in shares of Kohl’s in the first quarter valued at approximately $1,708,000. EMC Capital Management grew its position in Kohl’s by 231.8% during the first quarter. EMC Capital Management now owns 7,891 shares of the company’s stock worth $230,000 after buying an additional 5,513 shares in the last quarter. Finally, CWM LLC raised its holdings in Kohl’s by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after acquiring an additional 948 shares in the last quarter. 98.04% of the stock is currently 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.