Telsey Advisory Group Lowers Kohl’s (NYSE:KSS) Price Target to $17.00

Kohl’s (NYSE:KSS) had its price target lowered by equities research analysts at Telsey Advisory Group from $23.00 to $17.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 11.59% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Robert W. Baird downgraded shares of Kohl’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $25.00 to $18.00 in a research report on Wednesday. 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. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a research report on Thursday, August 29th. Morgan Stanley reduced their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Monday. Finally, Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Kohl’s presently has a consensus rating of “Hold” and an average target price of $18.22.

Kohl’s Stock Down 16.9 %

Shares of Kohl’s stock opened at $15.24 on Wednesday. Kohl’s has a 52-week low of $14.22 and a 52-week high of $29.60. The company has a 50 day moving average of $18.86 and a 200 day moving average of $20.77. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $1.69 billion, a P/E ratio of 5.97, a P/E/G ratio of 1.30 and a beta of 1.94.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The firm’s revenue was down 8.5% compared to the same quarter last year. As a group, research analysts forecast that Kohl’s will post 1.77 EPS for the current fiscal year.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value 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. The trade was a 10.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kohl’s

Institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its stake in Kohl’s by 183.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after buying an additional 917 shares during the period. Security National Bank acquired a new position in shares of Kohl’s during the 2nd quarter worth $34,000. Farther Finance Advisors LLC grew its stake in shares of Kohl’s by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after purchasing an additional 1,034 shares during the period. CWM LLC grew its stake in shares of Kohl’s by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after purchasing an additional 948 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Kohl’s during the 2nd quarter worth $49,000. 98.04% of the stock is owned by institutional investors and hedge funds.

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.