The Goldman Sachs Group Has Lowered Expectations for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its price objective lowered by analysts at The Goldman Sachs Group from $13.00 to $11.25 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 1.81% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Baird R W cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Robert W. Baird lowered shares of 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. Citigroup cut their price objective on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. TD Cowen lowered their target price on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group cut their price target on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Four equities research 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 company presently has an average rating of “Hold” and a consensus price target of $16.20.

Kohl’s Stock Down 2.5 %

Shares of KSS opened at $11.05 on Tuesday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 4.96 and a beta of 1.85. Kohl’s has a 52 week low of $11.24 and a 52 week high of $29.60. The stock’s 50-day moving average price is $12.95 and its 200-day moving average price is $16.36. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Insider Buying and Selling

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

Hedge Funds Weigh In On Kohl’s

A number of institutional investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. increased its stake in shares of Kohl’s by 183.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after acquiring an additional 917 shares during the last quarter. Vident Advisory LLC increased its position in Kohl’s by 9.3% during the fourth quarter. Vident Advisory LLC now owns 11,421 shares of the company’s stock worth $160,000 after purchasing an additional 967 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in Kohl’s by 1.7% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,124 shares of the company’s stock worth $830,000 after purchasing an additional 972 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Kohl’s by 117.5% during the third 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 period. Finally, Russell Investments Group Ltd. boosted its holdings in Kohl’s by 7.6% in the 4th 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 last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

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.