Kohl’s (NYSE:KSS) Price Target Cut to $60.00 by Analysts at Cowen

Kohl’s (NYSE:KSSGet Rating) had its target price dropped by Cowen from $75.00 to $60.00 in a research report issued to clients and investors on Friday, The Fly reports. Cowen’s target price would suggest a potential upside of 33.21% from the stock’s previous close.

KSS has been the subject of several other reports. Citigroup reduced their price objective on Kohl’s from $67.00 to $55.00 in a research report on Friday. StockNews.com began coverage on Kohl’s in a research note on Thursday, March 31st. They issued a “buy” rating for the company. OTR Global lowered Kohl’s to a “positive” rating in a research note on Wednesday, May 11th. Credit Suisse Group cut their target price on Kohl’s from $70.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, March 8th. Finally, Morgan Stanley cut their target price on Kohl’s from $50.00 to $42.00 and set an “underweight” rating for the company in a research note on Tuesday, April 26th. Two 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 has a consensus rating of “Hold” and an average price target of $57.23.

KSS opened at $45.04 on Friday. Kohl’s has a 1-year low of $39.98 and a 1-year high of $64.38. The company has a current ratio of 1.53, a quick ratio of 0.60 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 7.02, a P/E/G ratio of 0.76 and a beta of 1.82. The business has a 50 day moving average of $57.46 and a 200-day moving average of $55.31.

Kohl’s (NYSE:KSSGet Rating) last posted its quarterly earnings data on Thursday, May 19th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.59). Kohl’s had a net margin of 4.83% and a return on equity of 21.86%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the company posted $1.05 earnings per share. The firm’s revenue was down 4.4% compared to the same quarter last year. Equities analysts predict that Kohl’s will post 7.14 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC bought a new position in Kohl’s in the fourth quarter valued at about $25,000. Moors & Cabot Inc. bought a new position in Kohl’s in the third quarter valued at about $25,000. TAP Consulting LLC bought a new position in Kohl’s in the fourth quarter valued at about $25,000. Field & Main Bank boosted its holdings in Kohl’s by 66.7% during the fourth quarter. Field & Main Bank now owns 500 shares of the company’s stock worth $25,000 after buying an additional 200 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in Kohl’s during the fourth quarter worth about $26,000. Institutional investors and hedge funds own 92.72% of the company’s stock.

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.

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