Morgan Stanley Lowers Kohl’s (NYSE:KSS) Price Target to $8.00

Kohl’s (NYSE:KSS) had its target price dropped by equities researchers at Morgan Stanley from $10.00 to $8.00 in a note issued to investors on Wednesday, MarketBeat reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s target price would suggest a potential downside of 2.70% from the company’s current price.

A number of other research analysts have also commented on the company. Baird R W lowered Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Jefferies Financial Group lowered their price target on Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Robert W. Baird lowered their price target on Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Finally, 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, November 26th. Six equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.56.

Kohl’s Trading Down 4.5 %

NYSE KSS opened at $8.22 on Wednesday. Kohl’s has a 1-year low of $8.14 and a 1-year high of $29.60. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The stock has a 50-day moving average of $12.35 and a 200-day moving average of $15.89. The firm has a market cap of $915.26 million, a PE ratio of 3.70 and a beta of 1.92.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the previous year, the company posted $1.67 EPS. Kohl’s’s revenue for the quarter was down 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that Kohl’s will post 1.3 EPS for the current year.

Insider Activity

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Kohl’s

A number of large investors have recently modified their holdings of the company. US Bancorp DE lifted its holdings in Kohl’s by 15.0% during the third quarter. US Bancorp DE now owns 15,239 shares of the company’s stock worth $322,000 after buying an additional 1,987 shares during the period. Farther Finance Advisors LLC lifted its stake in Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after buying an additional 1,034 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in Kohl’s by 11.7% in the 3rd quarter. Axxcess Wealth Management LLC now owns 18,115 shares of the company’s stock valued at $382,000 after buying an additional 1,898 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Kohl’s by 46.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 99,828 shares of the company’s stock valued at $2,106,000 after buying an additional 31,577 shares in the last quarter. Finally, Entropy Technologies LP lifted its stake in Kohl’s by 511.0% in the 3rd quarter. Entropy Technologies LP now owns 64,691 shares of the company’s stock valued at $1,365,000 after buying an additional 54,103 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

About Kohl’s

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.