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

by · The Cerbat Gem

Kohl’s (NYSE:KSS – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other equities research analysts have also issued research reports about the stock. Citigroup upped their price target on shares of Kohl’s from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Evercore ISI upped their target price on shares of Kohl’s from $13.00 to $21.00 and gave the company an “in-line” rating in a report on Tuesday, November 25th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price target (up from $16.00) on shares of Kohl’s in a research report on Tuesday, November 25th. Morgan Stanley boosted their price objective on shares of Kohl’s from $5.00 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, September 18th. Finally, Robert W. Baird set a $24.00 price objective on Kohl’s in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $15.73.

Get Our Latest Stock Analysis on Kohl’s

Kohl’s Price Performance

Shares of KSS opened at $20.50 on Friday. The firm has a fifty day simple moving average of $20.52 and a two-hundred day simple moving average of $16.16. The firm has a market cap of $2.30 billion, a PE ratio of 11.92 and a beta of 1.42. The company has a current ratio of 1.30, a quick ratio of 0.12 and a debt-to-equity ratio of 0.99. Kohl’s has a 1-year low of $6.04 and a 1-year high of $25.22.

Kohl’s (NYSE:KSS – Get Free Report) last released its quarterly earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.29. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.37 billion. Kohl’s had a return on equity of 4.30% and a net margin of 1.23%.The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the business posted $0.20 EPS. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. On average, equities analysts anticipate that Kohl’s will post 1.3 EPS for the current year.

Insider Activity at Kohl’s

In other news, CFO Jill Timm sold 25,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $22.75, for a total value of $568,750.00. Following the completion of the transaction, the chief financial officer owned 335,561 shares of the company’s stock, valued at $7,634,012.75. This represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KSS. JPMorgan Chase & Co. grew its holdings in Kohl’s by 3,123.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,011,182 shares of the company’s stock valued at $30,912,000 after buying an additional 1,948,783 shares in the last quarter. Hancock Whitney Corp purchased a new position in Kohl’s during the third quarter valued at $17,125,000. Geode Capital Management LLC increased its holdings in Kohl’s by 43.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,615,482 shares of the company’s stock valued at $22,182,000 after acquiring an additional 785,936 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Kohl’s in the 3rd quarter valued at $11,516,000. Finally, Allianz Asset Management GmbH lifted its stake in Kohl’s by 21.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 4,303,123 shares of the company’s stock worth $36,490,000 after purchasing an additional 745,543 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

About Kohl’s

(Get Free Report)

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.

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