Telsey Advisory Group Reiterates Market Perform Rating for Kohl’s (NYSE:KSS)

Kohl’s (NYSE:KSS)‘s stock had its “market perform” rating restated by research analysts at Telsey Advisory Group in a note issued to investors on Wednesday, Benzinga reports. They currently have a $23.00 price objective on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 16.31% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Morgan Stanley cut Kohl’s to an “underweight” rating and cut their price target for the company from $18.00 to $17.00 in a report on Tuesday. Robert W. Baird dropped their target price on Kohl’s from $32.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, May 31st. JPMorgan Chase & Co. dropped their target price on Kohl’s from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, May 31st. StockNews.com cut Kohl’s from a “buy” rating to a “hold” rating in a report on Friday, May 31st. Finally, Evercore ISI dropped their target price on Kohl’s from $24.00 to $22.00 and set an “in-line” rating for the company in a report on Friday, May 31st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.11.

Kohl’s Stock Performance

NYSE KSS opened at $19.78 on Wednesday. The stock has a market capitalization of $2.20 billion, a PE ratio of 7.97, a P/E/G ratio of 1.90 and a beta of 1.95. The business has a 50 day simple moving average of $21.06 and a two-hundred day simple moving average of $23.83. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.21 and a quick ratio of 0.19. Kohl’s has a 1-year low of $17.68 and a 1-year high of $29.60.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.13. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a return on equity of 7.27% and a net margin of 1.60%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. On average, research analysts predict that Kohl’s will post 1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Kohl’s

A number of institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC raised its position in Kohl’s by 20.3% during the 4th quarter. Signaturefd LLC now owns 3,278 shares of the company’s stock valued at $94,000 after purchasing an additional 553 shares in the last quarter. CWM LLC raised its position in Kohl’s by 59.7% during the 4th quarter. CWM LLC now owns 1,145 shares of the company’s stock valued at $33,000 after purchasing an additional 428 shares in the last quarter. California Public Employees Retirement System raised its position in Kohl’s by 2.5% during the 4th quarter. California Public Employees Retirement System now owns 197,860 shares of the company’s stock valued at $5,675,000 after purchasing an additional 4,750 shares in the last quarter. GAMMA Investing LLC bought a new stake in Kohl’s during the 4th quarter valued at $46,000. Finally, Yousif Capital Management LLC raised its position in Kohl’s by 4.7% during the 4th quarter. Yousif Capital Management LLC now owns 67,341 shares of the company’s stock valued at $1,931,000 after purchasing an additional 3,027 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

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.