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

Kohl’s (NYSE:KSS) had its price objective decreased by equities researchers at Citigroup from $19.00 to $18.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 3.57% from the stock’s previous close.

Several other brokerages have also recently issued reports on KSS. Robert W. Baird reduced their price objective on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target for the company. in a report on Thursday, August 29th. Morgan Stanley lowered shares of Kohl’s to an “underweight” rating and dropped their price objective for the stock from $18.00 to $17.00 in a research note on Tuesday, August 27th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 target price on shares of Kohl’s in a research note on Wednesday, August 28th. Finally, TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and dropped their price target for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.43.

Kohl’s Price Performance

Shares of NYSE:KSS traded down $0.62 during trading on Monday, hitting $17.38. 7,910,379 shares of the stock were exchanged, compared to its average volume of 6,023,203. Kohl’s has a 12-month low of $17.22 and a 12-month high of $29.60. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average price of $19.22 and a two-hundred day moving average price of $21.13. The company has a market cap of $1.93 billion, a PE ratio of 6.82, a P/E/G ratio of 1.24 and a beta of 1.94.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. On average, analysts forecast that Kohl’s will post 1.81 EPS for the current year.

Insider Buying and Selling

In related 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 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 legal filing with the SEC, which is available at this hyperlink. 0.86% of the stock is currently owned by insiders.

Institutional Trading of Kohl’s

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. increased its stake in Kohl’s by 149.3% during the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after acquiring an additional 9,925,878 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Kohl’s by 6,076.8% in the 2nd quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock worth $42,175,000 after purchasing an additional 1,804,809 shares in the last quarter. AQR Capital Management LLC grew its holdings in Kohl’s by 348.0% during the second quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after buying an additional 1,694,162 shares in the last quarter. FMR LLC increased its stake in Kohl’s by 10.8% in the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after buying an additional 740,398 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Kohl’s by 518.9% during the 2nd quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock worth $19,658,000 after purchasing an additional 716,919 shares during the period. 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.