Citigroup Issues Pessimistic Forecast for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its price target cut by investment analysts at Citigroup from $11.00 to $8.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential downside of 7.25% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Bank of America cut their price objective on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research report on Wednesday, March 12th. Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price for the company. in a report on Tuesday, November 26th. Jefferies Financial Group decreased their price target on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 11th. Six analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.10.

Kohl’s Trading Up 7.0 %

Shares of NYSE KSS traded up $0.57 during trading hours on Monday, hitting $8.63. The company’s stock had a trading volume of 8,934,304 shares, compared to its average volume of 9,462,582. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The stock has a market cap of $960.12 million, a price-to-earnings ratio of 3.89 and a beta of 1.92. Kohl’s has a 12 month low of $7.96 and a 12 month high of $29.60. The business has a 50-day simple moving average of $12.23 and a 200-day simple moving average of $15.76.

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

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. grew its position in Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after purchasing an additional 917 shares during the last quarter. Vident Advisory LLC lifted its stake in shares of Kohl’s by 9.3% in the 4th quarter. Vident Advisory LLC now owns 11,421 shares of the company’s stock worth $160,000 after acquiring an additional 967 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Kohl’s by 1.7% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,124 shares of the company’s stock valued at $830,000 after purchasing an additional 972 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Kohl’s by 7.6% in the fourth quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company’s stock valued at $246,000 after purchasing an additional 1,232 shares during the period. Finally, Platinum Investment Management Ltd. lifted its stake in shares of Kohl’s by 30.7% in the fourth quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock valued at $86,000 after purchasing an additional 1,436 shares during the period. 98.04% of the stock is owned by hedge funds and other institutional investors.

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.