Bank of America Issues Pessimistic Forecast for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its price objective reduced by analysts at Bank of America from $15.00 to $8.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “underperform” rating on the stock. Bank of America‘s price objective points to a potential downside of 12.22% from the company’s current price.

Several other analysts have also recently issued reports on the stock. Robert W. Baird lowered their target price on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday. The Goldman Sachs Group lowered their price objective on Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a research report on Tuesday, March 4th. Telsey Advisory Group restated a “market perform” rating and set a $13.00 target price on shares of Kohl’s in a research report on Tuesday. Guggenheim lowered shares of Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Finally, Citigroup reduced their target price on Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Five equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.19.

Kohl’s Price Performance

Shares of NYSE KSS opened at $9.11 on Wednesday. The stock has a fifty day moving average of $12.58 and a 200-day moving average of $16.00. The stock has a market cap of $1.01 billion, a PE ratio of 4.11 and a beta of 1.92. 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 $8.75 and a fifty-two week high of $29.60.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the previous year, the firm earned $1.67 EPS. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. Equities research analysts anticipate that Kohl’s will post 1.3 earnings per share for the current year.

Insider Activity

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction that occurred on Friday, January 3rd. The stock was 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 $1,869,928.55. The trade was a 2.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. raised its holdings in Kohl’s by 183.8% during the 3rd 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 during the last quarter. Vident Advisory LLC increased its position in shares of Kohl’s by 9.3% in the fourth quarter. Vident Advisory LLC now owns 11,421 shares of the company’s stock valued at $160,000 after acquiring an additional 967 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Kohl’s by 1.7% in 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 increased its holdings in Kohl’s by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Kohl’s by 7.6% during 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. 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.