Cowen Trims Kohl’s (NYSE:KSS) Target Price to $60.00

Kohl’s (NYSE:KSSGet Rating) had its price objective decreased by stock analysts at Cowen from $75.00 to $60.00 in a research note issued on Friday, Stock Target Advisor reports. Cowen’s target price would indicate a potential upside of 33.21% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird lowered their target price on Kohl’s from $66.00 to $60.00 in a report on Friday. Cowen cut their target price on shares of Kohl’s from $75.00 to $60.00 in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of Kohl’s from $61.00 to $50.00 in a report on Monday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Kohl’s from $85.00 to $68.00 in a report on Friday. Finally, StockNews.com began coverage on Kohl’s in a report on Thursday, March 31st. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.14.

NYSE KSS opened at $45.04 on Friday. The stock has a market cap of $5.79 billion, a PE ratio of 7.02, a PEG ratio of 0.76 and a beta of 1.82. Kohl’s has a 12 month low of $39.98 and a 12 month high of $64.38. The company’s 50-day moving average price is $57.46 and its 200-day moving average price is $55.31. The company has a current ratio of 1.53, a quick ratio of 0.60 and a debt-to-equity ratio of 0.87.

Kohl’s (NYSE:KSSGet Rating) last issued its earnings results on Thursday, May 19th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.59). Kohl’s had a return on equity of 21.86% and a net margin of 4.83%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share. Kohl’s’s revenue was down 4.4% on a year-over-year basis. As a group, sell-side analysts forecast that Kohl’s will post 7.14 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. FMR LLC grew its stake in shares of Kohl’s by 15.3% during the 1st quarter. FMR LLC now owns 85,463 shares of the company’s stock worth $5,877,000 after purchasing an additional 11,313 shares during the period. CIBC Asset Management Inc raised its position in shares of Kohl’s by 7.5% in the third quarter. CIBC Asset Management Inc now owns 6,290 shares of the company’s stock worth $296,000 after acquiring an additional 437 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Kohl’s by 23.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 25,407 shares of the company’s stock worth $1,196,000 after acquiring an additional 4,842 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Kohl’s by 1.2% during the 3rd quarter. Alliancebernstein L.P. now owns 247,298 shares of the company’s stock valued at $11,645,000 after acquiring an additional 2,838 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Kohl’s by 24,425.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 33,600 shares of the company’s stock worth $1,582,000 after purchasing an additional 33,463 shares during the period. Institutional investors own 92.72% 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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