Kohl’s (NYSE:KSS) Stock Rating Lowered by Guggenheim

Kohl’s (NYSE:KSS) was downgraded by investment analysts at Guggenheim from a “buy” rating to a “neutral” rating in a research report issued on Monday, MarketBeat.com reports.

Other equities research analysts also recently issued research reports about the stock. Evercore ISI dropped their price target on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a research report on Thursday, August 29th. Citigroup reduced their price target on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, TD Cowen reduced their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.22.

Kohl’s Stock Performance

NYSE KSS opened at $14.97 on Monday. The business’s 50-day simple moving average is $18.63 and its 200-day simple moving average is $20.53. The firm has a market capitalization of $1.67 billion, a P/E ratio of 6.74, a P/E/G ratio of 1.39 and a beta of 1.94. Kohl’s has a 1-year low of $14.22 and a 1-year high of $29.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.16.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the company earned $0.53 EPS. Kohl’s’s revenue was down 8.5% on a year-over-year basis. Equities analysts predict that Kohl’s will post 1.28 EPS for the current year.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Kohl’s

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. raised its position in shares of Kohl’s by 25.6% during the 3rd quarter. Franklin Resources Inc. now owns 45,179 shares of the company’s stock worth $872,000 after buying an additional 9,196 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Kohl’s during the third quarter valued at approximately $215,000. Geode Capital Management LLC raised its holdings in Kohl’s by 5.3% during the third 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 worth approximately $2,694,000. Finally, Whitebox Advisors LLC boosted its stake in Kohl’s by 19.0% during the 3rd quarter. Whitebox Advisors LLC now owns 62,770 shares of the company’s stock valued at $1,324,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

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.