Kohl’s (NYSE:KSS) Stock Rating Lowered by Cowen

Kohl’s (NYSE:KSSGet Rating) was downgraded by equities researchers at Cowen from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, The Fly reports. They presently have a $35.00 price target on the stock, down from their previous price target of $60.00. Cowen’s price target suggests a potential upside of 14.57% from the company’s previous close.

Several other analysts have also weighed in on the stock. Bank of America lowered shares of Kohl’s from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $50.00 to $26.00 in a research note on Thursday, July 7th. Credit Suisse Group cut their price objective on shares of Kohl’s to $28.00 in a report on Tuesday, July 5th. Telsey Advisory Group cut their price target on shares of Kohl’s from $55.00 to $35.00 and set a “market perform” rating on the stock in a report on Tuesday, July 5th. JPMorgan Chase & Co. lowered their price objective on Kohl’s from $61.00 to $50.00 in a research note on Monday, May 16th. Finally, UBS Group lowered their price objective on Kohl’s from $32.00 to $20.00 in a research note on Friday, July 15th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Kohl’s presently has an average rating of “Hold” and an average price target of $36.79.

Kohl’s Trading Up 1.8 %

KSS opened at $30.55 on Thursday. The company’s 50 day moving average is $34.68 and its 200-day moving average is $48.77. Kohl’s has a 1-year low of $26.07 and a 1-year high of $64.38. The company has a current ratio of 1.40, a quick ratio of 0.30 and a debt-to-equity ratio of 0.97. The company has a market cap of $3.92 billion, a P/E ratio of 4.74, a PEG ratio of 0.90 and a beta of 1.62.

Kohl’s (NYSE:KSSGet Rating) last posted its quarterly earnings results on Thursday, May 19th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.59). Kohl’s had a net margin of 4.87% and a return on equity of 19.47%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. Equities research analysts predict that Kohl’s will post 4.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KSS. LS Investment Advisors LLC bought a new position in shares of Kohl’s in the 2nd quarter worth $32,000. UMB Bank N A MO bought a new position in shares of Kohl’s in the 4th quarter worth $34,000. Allworth Financial LP raised its position in shares of Kohl’s by 172.6% in the 1st quarter. Allworth Financial LP now owns 616 shares of the company’s stock worth $37,000 after acquiring an additional 390 shares in the last quarter. TCI Wealth Advisors Inc. raised its position in shares of Kohl’s by 187.3% in the 1st quarter. TCI Wealth Advisors Inc. now owns 609 shares of the company’s stock worth $37,000 after acquiring an additional 397 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Kohl’s by 395.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,396 shares of the company’s stock worth $40,000 after acquiring an additional 1,114 shares in the last quarter. 92.72% of the stock is owned by institutional investors.

Kohl’s Company Profile

(Get Rating)

Kohl's Corporation operates as a retail company 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 Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

Read More

The Fly logo

Analyst Recommendations for Kohl's (NYSE:KSS)

Want More Great Investing Ideas?

Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.