Kohl’s (NYSE:KSS) Downgraded to “Neutral” Rating by Guggenheim

Kohl’s (NYSE:KSS) was downgraded by research analysts at Guggenheim from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, Marketbeat reports.

Several other research analysts have also recently commented on KSS. Evercore ISI decreased their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. Gordon Haskett cut shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective on the stock. in a research report on Tuesday, November 26th. TD Cowen reduced their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Baird R W cut Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Robert W. Baird lowered Kohl’s from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $18.00 in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.22.

Kohl’s Trading Up 1.5 %

Kohl’s stock opened at $14.97 on Monday. Kohl’s has a 1 year low of $14.22 and a 1 year high of $29.60. The firm’s 50 day moving average price is $18.63 and its two-hundred day moving average price is $20.53. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 1.39 and a beta of 1.94. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.16 and a current ratio of 1.05.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, research analysts predict that Kohl’s will post 1.28 EPS for the current fiscal year.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

Several institutional investors and hedge funds have recently modified their holdings of the business. Brown Brothers Harriman & Co. raised its holdings in Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after buying an additional 917 shares in the last quarter. Security National Bank bought a new position in shares of Kohl’s in the 2nd quarter valued at approximately $34,000. Farther Finance Advisors LLC lifted its holdings in Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after purchasing an additional 1,034 shares during the last quarter. CWM LLC boosted its position in Kohl’s by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after purchasing an additional 948 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new position in Kohl’s during the second quarter valued at approximately $49,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.