Kohl’s (NYSE:KSS) Price Target Cut to $60.00 by Analysts at Robert W. Baird

Kohl’s (NYSE:KSS – Get Rating) had its price objective lowered by Robert W. Baird from $66.00 to $60.00 in a research report issued to clients and investors on Friday, The Fly reports. Robert W. Baird’s price target would indicate a potential upside of 33.21% from the company’s current price.

A number of other equities research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kohl’s from $75.00 to $85.00 in a report on Wednesday, March 2nd. Morgan Stanley lowered their price target on shares of Kohl’s from $50.00 to $42.00 and set an “underweight” rating for the company in a report on Tuesday, April 26th. Gordon Haskett downgraded shares of Kohl’s from a “buy” rating to an “accumulate” rating and lowered their price target for the stock from $85.00 to $70.00 in a report on Thursday, February 10th. Bank of America started coverage on shares of Kohl’s in a research report on Wednesday, March 9th. They issued a “neutral” rating and a $60.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their target price on shares of Kohl’s from $61.00 to $50.00 in a research report on Monday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $58.38.

NYSE:KSS opened at $45.04 on Friday. 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 firm has a 50-day moving average price of $57.46 and a two-hundred day moving average price of $55.31. Kohl’s has a twelve month low of $39.98 and a twelve month high of $64.38. The company has a market capitalization of $5.79 billion, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 0.76 and a beta of 1.82.

Kohl’s (NYSE:KSS – Get Rating) last posted its earnings results 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). The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a net margin of 4.83% and a return on equity of 21.86%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share. On average, equities research analysts predict that Kohl’s will post 7.14 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Kohl’s during the fourth quarter worth $25,000. Moors & Cabot Inc. bought a new stake in shares of Kohl’s in the third quarter worth $25,000. TAP Consulting LLC bought a new stake in shares of Kohl’s in the fourth quarter worth $25,000. Field & Main Bank increased its stake in shares of Kohl’s by 66.7% in 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 stake in shares of Kohl’s in the fourth quarter worth $26,000. 92.72% of the stock is currently owned by institutional investors and hedge funds.

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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