Kohl’s (NYSE:KSS) Downgraded by Baird R W to “Hold”

Kohl’s (NYSE:KSS) was downgraded by equities research analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also issued reports on KSS. TD Cowen decreased their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday. Guggenheim dropped their target price on Kohl’s from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday. Evercore ISI cut their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Telsey Advisory Group dropped their target price on Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. downgraded Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research report on Thursday, August 29th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Kohl’s presently has a consensus rating of “Hold” and an average target price of $17.22.

Kohl’s Stock Down 3.2 %

NYSE KSS opened at $14.74 on Wednesday. The stock’s 50-day moving average price is $18.78 and its 200-day moving average price is $20.73. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. Kohl’s has a 52 week low of $14.22 and a 52 week high of $29.60. The company has a market capitalization of $1.64 billion, a P/E ratio of 5.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94.

Kohl’s (NYSE:KSS) last released its quarterly 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 analysts’ expectations of $3.64 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. On average, equities research analysts predict that Kohl’s will post 1.77 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is owned by insiders.

Institutional Investors Weigh In On Kohl’s

Institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in Kohl’s by 149.3% in the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after purchasing an additional 9,925,878 shares during the period. Victory Capital Management Inc. increased its position in Kohl’s by 226.4% in the 3rd quarter. Victory Capital Management Inc. now owns 137,531 shares of the company’s stock valued at $2,902,000 after acquiring an additional 95,398 shares during the period. Hexagon Capital Partners LLC increased its position in Kohl’s by 49.9% in the 2nd quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock valued at $88,000 after acquiring an additional 1,281 shares during the period. Texas Capital Bank Wealth Management Services Inc increased its position in Kohl’s by 100.0% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock worth $1,839,000 after purchasing an additional 40,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Kohl’s by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after purchasing an additional 52,126 shares during the period. 98.04% of the stock is 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.