Citigroup Cuts Kohl’s (NYSE:KSS) Price Target to $14.00

Kohl’s (NYSE:KSS) had its target price decreased by analysts at Citigroup from $18.00 to $14.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential downside of 10.83% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research note on Thursday, August 29th. Guggenheim lowered their price target on shares of Kohl’s from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday. Evercore ISI decreased 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 research note on Thursday, August 29th. Robert W. Baird cut Kohl’s from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $18.00 in a research report on Wednesday. Finally, Gordon Haskett lowered 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. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Kohl’s has an average rating of “Hold” and a consensus price target of $17.22.

Kohl’s Trading Up 3.2 %

Shares of KSS traded up $0.48 during mid-day trading on Wednesday, hitting $15.70. 3,203,133 shares of the company’s stock traded hands, compared to its average volume of 6,329,956. The business’s 50-day moving average price is $18.86 and its 200-day moving average price is $20.77. Kohl’s has a 1 year low of $14.22 and a 1 year high of $29.60. The firm has a market capitalization of $1.75 billion, a P/E ratio of 6.16, a PEG ratio of 1.30 and a beta of 1.94. 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 (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. As a group, sell-side analysts forecast that Kohl’s will post 1.77 EPS for the current fiscal year.

Insider Transactions at Kohl’s

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KSS. Pacer Advisors Inc. increased its stake in shares of Kohl’s by 149.3% in the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after purchasing an additional 9,925,878 shares in the last quarter. Squarepoint Ops LLC increased its position in Kohl’s by 6,076.8% in the second quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock worth $42,175,000 after buying an additional 1,804,809 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Kohl’s by 348.0% in the second quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after buying an additional 1,694,162 shares during the period. FMR LLC lifted its position in shares of Kohl’s by 10.8% during the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after buying an additional 740,398 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Kohl’s by 518.9% during the 2nd quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock valued at $19,658,000 after acquiring an additional 716,919 shares during the period. 98.04% of the stock is currently owned by 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.