Telsey Advisory Group Reiterates Market Perform Rating for Kohl’s (NYSE:KSS)

Kohl’s (NYSE:KSS)‘s stock had its “market perform” rating restated by Telsey Advisory Group in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $10.00 target price on the stock. Telsey Advisory Group’s target price suggests a potential upside of 16.28% from the company’s previous close.

KSS has been the subject of several other research reports. Robert W. Baird reduced their target price on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Citigroup reduced their price objective on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. UBS Group reduced their price target on Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a research report on Wednesday, March 12th. Finally, The Goldman Sachs Group lowered their price target on Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a research report on Tuesday, March 4th. Six research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.87.

Kohl’s Price Performance

KSS stock opened at $8.60 on Tuesday. The stock has a 50-day moving average price of $11.02 and a two-hundred day moving average price of $14.77. Kohl’s has a 1 year low of $7.96 and a 1 year high of $28.25. The stock has a market cap of $957.39 million, a PE ratio of 3.87 and a beta of 1.92. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.23. The business had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.25 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. Kohl’s’s quarterly revenue was down 9.4% on a year-over-year basis. During the same period last year, the company earned $1.67 earnings per share. Equities analysts forecast that Kohl’s will post 1.3 EPS for the current fiscal year.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the sale, the executive vice president now directly owns 133,091 shares in the company, valued at $1,869,928.55. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kohl’s

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP acquired a new stake in shares of Kohl’s in the fourth quarter valued at approximately $19,874,000. Gate City Capital Management LLC bought a new position in Kohl’s during the 4th quarter worth $12,773,000. FMR LLC raised its holdings 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 acquiring an additional 740,398 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Kohl’s during the 4th quarter valued at $8,778,000. Finally, Norges Bank acquired a new stake in shares of Kohl’s during the 4th quarter worth $8,185,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.