Kohl’s (NYSE:KSS) Stock Rating Lowered by Cowen

Kohl’s (NYSE:KSSGet Rating) was downgraded by analysts at Cowen from an “outperform” rating to a “market perform” rating in a report released on Thursday, The Fly reports. They currently have a $35.00 price objective on the stock, down from their prior price objective of $60.00. Cowen’s price target would suggest a potential upside of 14.57% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Citigroup cut shares of Kohl’s from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $39.00 in a report on Monday, May 23rd. Credit Suisse Group dropped their target price on shares of Kohl’s to $28.00 in a research report on Tuesday, July 5th. UBS Group cut their price objective on shares of Kohl’s from $32.00 to $20.00 in a research report on Friday, July 15th. Telsey Advisory Group reduced their price target on shares of Kohl’s from $55.00 to $35.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 5th. Finally, Robert W. Baird reduced their price target on shares of Kohl’s from $53.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 5th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.79.

Kohl’s Trading Up 1.8 %

Shares of Kohl’s stock opened at $30.55 on Thursday. The company has a market capitalization of $3.92 billion, a P/E ratio of 4.74, a P/E/G ratio of 0.90 and a beta of 1.62. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.30 and a current ratio of 1.40. The company has a fifty day moving average of $34.68 and a 200 day moving average of $48.77. Kohl’s has a fifty-two week low of $26.07 and a fifty-two week high of $64.38.

Kohl’s (NYSE:KSSGet Rating) last announced its earnings results on Thursday, May 19th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.59). The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a net margin of 4.87% and a return on equity of 19.47%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, sell-side analysts anticipate that Kohl’s will post 4.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kohl’s

Several large investors have recently made changes to their positions in the company. LS Investment Advisors LLC acquired a new position in shares of Kohl’s during the second quarter worth approximately $32,000. UMB Bank N A MO acquired a new position in shares of Kohl’s during the fourth quarter worth approximately $34,000. Allworth Financial LP lifted its holdings in shares of Kohl’s by 172.6% during the first quarter. Allworth Financial LP now owns 616 shares of the company’s stock worth $37,000 after buying an additional 390 shares during the last quarter. TCI Wealth Advisors Inc. raised its stake in shares of Kohl’s by 187.3% in the first quarter. TCI Wealth Advisors Inc. now owns 609 shares of the company’s stock valued at $37,000 after purchasing an additional 397 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Kohl’s by 395.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,396 shares of the company’s stock valued at $40,000 after purchasing an additional 1,114 shares in the last quarter. Institutional investors own 92.72% of the company’s stock.

Kohl’s Company Profile

(Get Rating)

Kohl's Corporation operates as a retail company 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 Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

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