Kohl’s (NYSE:KSS) Cut to Neutral at Robert W. Baird

Kohl’s (NYSE:KSS) was downgraded by equities research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report released on Wednesday,Briefing.com Automated Import reports. They presently have a $18.00 price objective on the stock, down from their previous price objective of $25.00. Robert W. Baird’s price objective would indicate a potential upside of 18.15% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Monday. TD Cowen cut shares of Kohl’s from a “buy” rating to a “hold” rating and decreased their price target for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Gordon Haskett lowered Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective on the stock. in a research report on Tuesday. Citigroup decreased their target price on Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Finally, Evercore ISI reduced their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, Kohl’s presently has an average rating of “Hold” and a consensus target price of $18.13.

Kohl’s Price Performance

KSS stock opened at $15.24 on Wednesday. The stock’s fifty day simple moving average is $18.86 and its 200-day simple moving average is $20.77. 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 stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 5.97, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94.

Kohl’s (NYSE:KSS) last issued 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). Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the business posted $0.53 earnings per share. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. Equities research analysts expect that Kohl’s will post 1.77 EPS for the current year.

Insider Transactions at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.86% of the stock is owned by insiders.

Hedge Funds Weigh In On Kohl’s

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in Kohl’s in the 3rd quarter worth approximately $215,000. Geode Capital Management LLC raised its stake in shares of Kohl’s by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock worth $38,541,000 after purchasing an additional 91,608 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Kohl’s in the third quarter valued at approximately $2,694,000. Whitebox Advisors LLC boosted its stake in shares of Kohl’s by 19.0% during the 3rd quarter. Whitebox Advisors LLC now owns 62,770 shares of the company’s stock worth $1,324,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc raised its stake in shares of Kohl’s by 25.0% in the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 100,000 shares of the company’s stock valued at $2,110,000 after acquiring an additional 20,000 shares in the last quarter. Hedge funds and other 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.