Citigroup Has Lowered Expectations for Kohl’s (NYSE:KSS) Stock Price

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

Other equities analysts have also recently issued research reports about the stock. TD Cowen dropped their price target on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday. Evercore ISI dropped their target price 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. Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $18.00 in a report on Wednesday. Gordon Haskett cut Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective on the stock. in a research note on Tuesday. Finally, Telsey Advisory Group reduced their target price on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.22.

Kohl’s Stock Up 3.2 %

Shares of KSS stock traded up $0.48 on Wednesday, reaching $15.70. 3,203,133 shares of the company were exchanged, compared to its average volume of 6,329,956. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. The company has a 50-day moving average of $18.86 and a 200-day moving average of $20.77. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 6.16, a PEG ratio of 1.30 and a beta of 1.94. Kohl’s has a one year low of $14.22 and a one year high of $29.60.

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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the company earned $0.53 earnings per share. Kohl’s’s revenue for the quarter was down 8.5% compared to the same quarter last year. Analysts anticipate that Kohl’s will post 1.77 earnings per share for the current year.

Insider Activity 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 shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This trade represents a 10.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kohl’s

Several institutional investors have recently modified their holdings of KSS. Tidal Investments LLC grew its position in Kohl’s by 23.0% during the first quarter. Tidal Investments LLC now owns 15,942 shares of the company’s stock valued at $465,000 after acquiring an additional 2,982 shares during the last quarter. EMC Capital Management lifted its stake in Kohl’s by 231.8% in the first quarter. EMC Capital Management now owns 7,891 shares of the company’s stock worth $230,000 after purchasing an additional 5,513 shares during 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 valued at $44,000 after buying an additional 948 shares during the period. Annex Advisory Services LLC increased its holdings in shares of Kohl’s by 19.5% in the second quarter. Annex Advisory Services LLC now owns 196,637 shares of the company’s stock worth $4,521,000 after buying an additional 32,034 shares during the period. Finally, Gilman Hill Asset Management LLC boosted its holdings in Kohl’s by 2.4% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 320,070 shares of the company’s stock valued at $7,358,000 after acquiring an additional 7,419 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.