Kohl’s (NYSE:KSS) Downgraded by Robert W. Baird to “Neutral”

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

Several other brokerages also recently weighed in on KSS. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Kohl’s in a research report on Wednesday, August 28th. 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. Morgan Stanley dropped their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday. Citigroup reduced their price objective on shares of 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 lowered 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. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.13.

Kohl’s Stock Down 16.9 %

Kohl’s stock opened at $15.24 on Wednesday. Kohl’s has a fifty-two week low of $14.22 and a fifty-two week high of $29.60. The company has a market cap of $1.69 billion, a PE ratio of 5.97, a PEG ratio of 1.30 and a beta of 1.94. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The business’s 50-day simple moving average is $18.86 and its two-hundred day simple moving average is $20.77.

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

Insider Transactions at Kohl’s

In other 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 transaction, 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 the SEC website. Company insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. lifted its position in Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after acquiring an additional 917 shares during the period. Security National Bank acquired a new stake in shares of Kohl’s in the 2nd quarter worth approximately $34,000. Farther Finance Advisors LLC increased its stake in Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares in the last quarter. CWM LLC boosted its position in Kohl’s by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after purchasing an additional 948 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Kohl’s during the 2nd quarter worth $49,000. Institutional investors and hedge funds 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.