Kohl’s (NYSE:KSS) Rating Lowered to Hold at Baird R W

Kohl’s (NYSE:KSS) was downgraded by equities researchers at Baird R W from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

KSS has been the topic of several other reports. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a report on Thursday, August 29th. Gordon Haskett lowered Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target for the company. in a research report on Tuesday. Robert W. Baird lowered Kohl’s from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $25.00 to $18.00 in a report on Wednesday. Telsey Advisory Group cut their price objective on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday. Finally, Evercore ISI decreased their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.22.

Kohl’s Stock Performance

Kohl’s stock opened at $14.75 on Wednesday. The firm has a market capitalization of $1.64 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94. The stock’s 50 day moving average price is $18.70 and its 200 day moving average price is $20.68. Kohl’s has a one year low of $14.22 and a one year high of $29.60. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company’s revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. As a group, sell-side analysts expect that Kohl’s will post 1.77 EPS for the current fiscal year.

Insider Activity

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its stake in shares of Kohl’s by 149.3% in the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after purchasing an additional 9,925,878 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of Kohl’s by 6,076.8% during the second quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock valued at $42,175,000 after buying an additional 1,804,809 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Kohl’s by 348.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after acquiring an additional 1,694,162 shares in the last quarter. FMR LLC increased its stake in Kohl’s by 10.8% in the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after buying an additional 740,398 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Kohl’s by 518.9% during the second quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock worth $19,658,000 after acquiring an additional 716,919 shares during the period. Institutional investors own 98.04% of the company’s stock.

Kohl’s Company Profile

Kohl’s Corporation operates as an omnichannel retailer 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 Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.