JPMorgan Chase & Co. Has Lowered Expectations for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its target price decreased by equities researchers at JPMorgan Chase & Co. from $9.00 to $7.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 11.75% from the stock’s previous close.

A number of other research firms also recently issued reports on KSS. Citigroup dropped their price target on Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. The Goldman Sachs Group lowered their price objective on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a research note on Tuesday, March 4th. Morgan Stanley reduced their target price on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, March 12th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 price objective on shares of Kohl’s in a research report on Tuesday, April 1st. Finally, UBS Group lowered their target price on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday, March 12th. Six research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.71.

Kohl’s Trading Down 3.8 %

Shares of NYSE:KSS opened at $6.26 on Monday. Kohl’s has a 1 year low of $6.04 and a 1 year high of $28.25. The stock’s fifty day moving average price is $9.59 and its 200-day moving average price is $13.84. The company has a market cap of $697.33 million, a P/E ratio of 2.82 and a beta of 1.65. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the prior year, the business earned $1.67 EPS. The business’s revenue for the quarter was down 9.4% compared to the same quarter last year. Sell-side analysts expect that Kohl’s will post 1.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KSS. SBI Securities Co. Ltd. purchased a new stake in Kohl’s during the fourth quarter valued at $26,000. Bogart Wealth LLC bought a new stake in shares of Kohl’s in the 4th quarter worth about $35,000. State of Wyoming bought a new stake in shares of Kohl’s in the 4th quarter worth about $35,000. Versant Capital Management Inc raised its position in shares of Kohl’s by 3,022.6% during the 1st quarter. Versant Capital Management Inc now owns 6,089 shares of the company’s stock valued at $50,000 after buying an additional 5,894 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Kohl’s by 360.2% in the 1st quarter. GAMMA Investing LLC now owns 6,456 shares of the company’s stock valued at $53,000 after acquiring an additional 5,053 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

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.