Kohl’s (NYSE:KSS) Price Target Cut to $42.00 by Analysts at Morgan Stanley

Kohl’s (NYSE:KSS – Get Rating) had its price objective lowered by analysts at Morgan Stanley from $50.00 to $42.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s price objective points to a potential downside of 30.45% from the company’s current price.

A number of other analysts have also weighed in on the stock. Gordon Haskett lowered shares of Kohl’s from a “buy” rating to an “accumulate” rating and reduced their price objective for the stock from $85.00 to $70.00 in a research report on Thursday, February 10th. Telsey Advisory Group cut their target price on shares of Kohl’s from $69.00 to $60.00 and set a “market perform” rating for the company in a research note on Tuesday, March 8th. Bank of America started coverage on shares of Kohl’s in a research note on Wednesday, March 9th. They issued a “neutral” rating and a $60.00 price target on the stock. JPMorgan Chase & Co. upped their target price on shares of Kohl’s from $55.00 to $61.00 in a research note on Thursday, February 17th. Finally, StockNews.com assumed coverage on shares of Kohl’s in a report on Thursday, March 31st. They issued a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.92.

NYSE:KSS opened at $60.39 on Tuesday. Kohl’s has a 52 week low of $43.67 and a 52 week high of $64.80. The firm has a 50-day moving average price of $58.67 and a two-hundred day moving average price of $54.76. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 1.02 and a beta of 1.92. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.60 and a current ratio of 1.53.

Kohl’s (NYSE:KSS – Get Rating) last issued its earnings results on Tuesday, March 1st. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.10. The company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.51 billion. Kohl’s had a net margin of 4.83% and a return on equity of 21.86%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.22 EPS. As a group, sell-side analysts forecast that Kohl’s will post 7.2 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Moors & Cabot Inc. bought a new stake in shares of Kohl’s in the third quarter valued at approximately $25,000. Future Financial Wealth Managment LLC acquired a new position in shares of Kohl’s in the 4th quarter valued at approximately $25,000. TAP Consulting LLC bought a new stake in shares of Kohl’s during the 4th quarter worth approximately $25,000. Field & Main Bank increased its holdings in shares of Kohl’s by 66.7% during the 4th quarter. Field & Main Bank now owns 500 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Kohl’s during the 4th quarter worth approximately $26,000. Hedge funds and other institutional investors own 90.70% of the company’s stock.

About Kohl’s (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.

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