The Goldman Sachs Group Has Lowered Expectations for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its price target decreased by equities research analysts at The Goldman Sachs Group from $13.00 to $11.25 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 1.81% from the stock’s previous close.

KSS has been the subject of several other reports. Citigroup lowered their target price on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Guggenheim downgraded shares of Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Baird R W cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Telsey Advisory Group cut their price objective on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. Finally, TD Cowen lowered their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, Kohl’s has a consensus rating of “Hold” and a consensus price target of $16.20.

Kohl’s Price Performance

Shares of KSS stock opened at $11.05 on Tuesday. The company’s 50-day simple moving average is $12.95 and its two-hundred day simple moving average is $16.36. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl’s has a one year low of $11.24 and a one year high of $29.60. The company has a market capitalization of $1.23 billion, a P/E ratio of 4.96 and a beta of 1.85.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the transaction, the executive vice president now owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kohl’s

Several hedge funds have recently made changes to their positions in KSS. Quadrature Capital Ltd grew its stake in Kohl’s by 151.8% during the 3rd quarter. Quadrature Capital Ltd now owns 66,744 shares of the company’s stock valued at $1,408,000 after purchasing an additional 40,238 shares during the last quarter. Hussman Strategic Advisors Inc. boosted its position in Kohl’s by 66.7% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company’s stock valued at $1,474,000 after buying an additional 42,000 shares during the last quarter. Pacer Advisors Inc. boosted its position 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 buying an additional 9,925,878 shares during the last quarter. Empowered Funds LLC raised its position in Kohl’s by 15.3% during the 4th quarter. Empowered Funds LLC now owns 451,510 shares of the company’s stock worth $6,339,000 after buying an additional 59,979 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in Kohl’s by 3.3% during the 4th quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company’s stock worth $51,190,000 after buying an additional 117,819 shares during the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

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.