Kohl’s (NYSE:KSS) Rating Lowered to Hold at Zacks Research

Kohl’s (NYSE:KSS) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on KSS. BTIG Research reaffirmed a “neutral” rating on shares of Kohl’s in a research report on Tuesday, November 25th. TD Cowen reissued a “hold” rating on shares of Kohl’s in a research note on Wednesday, November 26th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 target price (up from $16.00) on shares of Kohl’s in a research report on Tuesday, November 25th. The Goldman Sachs Group lifted their price target on Kohl’s from $11.00 to $15.00 and gave the company a “sell” rating in a report on Wednesday, November 26th. Finally, UBS Group upped their price objective on Kohl’s from $4.50 to $7.00 and gave the stock a “sell” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $15.27.

Kohl’s Trading Up 1.8%

KSS opened at $17.47 on Wednesday. Kohl’s has a 52 week low of $6.04 and a 52 week high of $25.22. The company has a market capitalization of $1.96 billion, a P/E ratio of 10.16 and a beta of 1.44. The stock’s fifty day moving average is $19.29 and its two-hundred day moving average is $17.95. The company has a quick ratio of 0.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.99.

Kohl’s (NYSE:KSS) last posted 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 business 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 business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 EPS. Analysts forecast that Kohl’s will post 1.3 earnings per share for the current year.

Insider Transactions at Kohl’s

In other Kohl’s news, CFO Jill Timm sold 25,000 shares of the 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 sale, the chief financial officer directly owned 335,561 shares in the company, valued at approximately $7,634,012.75. This trade represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kohl’s

Several hedge funds have recently modified their holdings of KSS. Farther Finance Advisors LLC boosted its stake in Kohl’s by 233.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,666 shares of the company’s stock worth $34,000 after purchasing an additional 1,167 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Kohl’s in the third quarter worth $28,000. IFP Advisors Inc lifted its stake in shares of Kohl’s by 3,777.6% during the third quarter. IFP Advisors Inc now owns 1,900 shares of the company’s stock worth $31,000 after buying an additional 1,851 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Kohl’s during the fourth quarter valued at $42,000. Finally, Hantz Financial Services Inc. increased its position in shares of Kohl’s by 164.7% in the 4th quarter. Hantz Financial Services Inc. now owns 2,102 shares of the company’s stock valued at $43,000 after acquiring an additional 1,308 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Company Profile

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.