Kohl’s (NYSE:KSS) Given New $13.00 Price Target at Telsey Advisory Group

Kohl’s (NYSE:KSS) had its price objective cut by equities researchers at Telsey Advisory Group from $17.00 to $13.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 14.49% from the stock’s current price.

KSS has been the subject of several other research reports. Morgan Stanley decreased their price target on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 25th. TD Cowen decreased their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. The Goldman Sachs Group dropped their price target on Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a research report on Tuesday. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. Finally, Robert W. Baird downgraded shares of Kohl’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $18.00 in a report on Wednesday, November 27th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.84.

Kohl’s Price Performance

KSS opened at $11.36 on Wednesday. The firm has a market cap of $1.26 billion, a P/E ratio of 5.11 and a beta of 1.85. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. Kohl’s has a fifty-two week low of $10.91 and a fifty-two week high of $29.60. The firm has a 50-day moving average of $12.88 and a 200 day moving average of $16.30.

Insider Activity

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 in the company, valued at $1,869,928.55. This represents a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KSS. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Kohl’s during the fourth quarter worth about $2,978,000. CTC Alternative Strategies Ltd. purchased a new position in shares of Kohl’s during the fourth quarter worth about $168,000. CSS LLC IL bought a new position in shares of Kohl’s in the fourth quarter worth approximately $163,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Kohl’s by 13.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 428,939 shares of the company’s stock valued at $6,022,000 after purchasing an additional 50,671 shares in the last quarter. Finally, Vident Advisory LLC lifted 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 valued at $160,000 after purchasing an additional 967 shares during the last quarter. Institutional investors 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.