Citigroup Lowers Kohl’s (NYSE:KSS) Price Target to $20.00

Kohl’s (NYSE:KSS) had its price target lowered by investment analysts at Citigroup from $23.00 to $20.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 6.55% from the company’s current price.

A number of other equities analysts have also recently issued reports on KSS. Jefferies Financial Group initiated coverage on Kohl’s in a report on Wednesday, January 14th. They set a “hold” rating and a $22.00 target price on the stock. BTIG Research restated a “neutral” rating on shares of Kohl’s in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kohl’s in a research note on Thursday, January 22nd. The Goldman Sachs Group increased their target price on shares of Kohl’s from $11.00 to $15.00 and gave the stock a “sell” rating in a report on Wednesday, November 26th. Finally, UBS Group boosted their price target on shares of Kohl’s from $4.50 to $7.00 and gave the company a “sell” rating in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $15.27.

Kohl’s Trading Down 2.5%

KSS opened at $18.77 on Thursday. The firm has a 50 day simple moving average of $19.69 and a 200 day simple moving average of $17.78. Kohl’s has a fifty-two week low of $6.04 and a fifty-two week high of $25.22. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 10.91 and a beta of 1.44. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.30 and a quick ratio of 0.12.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, November 25th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.29. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.37 billion. Kohl’s had a net margin of 1.23% and a return on equity of 4.30%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 EPS. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. On average, sell-side analysts anticipate that Kohl’s will post 1.3 earnings per share for the current year.

Insider Activity

In related news, CFO Jill Timm sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the chief financial officer directly owned 325,561 shares in the company, valued at $7,813,464. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kohl’s

A number of large investors have recently added to or reduced their stakes in KSS. Vanguard Group Inc. boosted its position in shares of Kohl’s by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 12,181,767 shares of the company’s stock worth $248,630,000 after buying an additional 273,500 shares during the period. Dimensional Fund Advisors LP lifted its stake in Kohl’s by 12.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,597,801 shares of the company’s stock valued at $114,250,000 after acquiring an additional 620,070 shares in the last quarter. American Century Companies Inc. boosted its position in Kohl’s by 7.5% during the 3rd quarter. American Century Companies Inc. now owns 5,042,333 shares of the company’s stock worth $77,501,000 after acquiring an additional 351,691 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Kohl’s by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,703,024 shares of the company’s stock worth $55,177,000 after acquiring an additional 47,037 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Kohl’s during the 4th quarter worth approximately $49,796,000. Institutional investors own 98.04% of the company’s stock.

About Kohl’s

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.