Kohl’s (NYSE:KSS) Upgraded to Hold at Wall Street Zen

Kohl’s (NYSE:KSS) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research firms have also weighed in on KSS. Citigroup dropped their price objective on Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Jefferies Financial Group dropped their price objective on Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Telsey Advisory Group reissued a “market perform” rating and set a $9.00 price objective on shares of Kohl’s in a research note on Thursday. Barclays initiated coverage on Kohl’s in a research note on Monday, April 28th. They set an “underweight” rating and a $4.00 price objective for the company. Finally, Morgan Stanley dropped their price objective on Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, March 12th. Seven analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.61.

Kohl’s Stock Down 7.8%

KSS stock opened at $7.48 on Friday. Kohl’s has a 1-year low of $6.04 and a 1-year high of $27.59. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The company’s 50 day moving average is $7.47 and its 200 day moving average is $11.53. The stock has a market cap of $832.70 million, a price-to-earnings ratio of 3.37 and a beta of 1.61.

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

Hedge Funds Weigh In On Kohl’s

Several institutional investors and hedge funds have recently modified their holdings of KSS. Impact Partnership Wealth LLC increased its holdings in shares of Kohl’s by 12.1% during the fourth quarter. Impact Partnership Wealth LLC now owns 14,671 shares of the company’s stock valued at $206,000 after acquiring an additional 1,583 shares in the last quarter. Crescent Grove Advisors LLC increased its holdings in shares of Kohl’s by 54.1% during the fourth quarter. Crescent Grove Advisors LLC now owns 34,200 shares of the company’s stock valued at $480,000 after acquiring an additional 12,000 shares in the last quarter. KBC Group NV increased its holdings in shares of Kohl’s by 58.5% during the fourth quarter. KBC Group NV now owns 5,347 shares of the company’s stock valued at $75,000 after acquiring an additional 1,974 shares in the last quarter. EMC Capital Management increased its holdings in shares of Kohl’s by 61.8% during the fourth quarter. EMC Capital Management now owns 7,891 shares of the company’s stock valued at $111,000 after acquiring an additional 3,014 shares in the last quarter. Finally, Yousif Capital Management LLC increased its holdings in shares of Kohl’s by 4.2% during the fourth quarter. Yousif Capital Management LLC now owns 57,307 shares of the company’s stock valued at $805,000 after acquiring an additional 2,287 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

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.