Kohl’s (NYSE:KSS) Sets New 52-Week Low on Analyst Downgrade

Shares of Kohl’s Co. (NYSE:KSS) hit a new 52-week low on Wednesday after Telsey Advisory Group lowered their price target on the stock from $17.00 to $13.00. Telsey Advisory Group currently has a market perform rating on the stock. Kohl’s traded as low as $10.91 and last traded at $11.36, with a volume of 9041826 shares trading hands. The stock had previously closed at $11.33.

KSS has been the topic of a number of other reports. TD Cowen decreased their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Guggenheim cut Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. Morgan Stanley reduced their price objective on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday, November 25th. Jefferies Financial Group cut their price target on Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group cut their price target on Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a report on Tuesday. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.84.

Insider Activity at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the sale, the executive vice president now owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

A number of institutional investors have recently added to or reduced their stakes in KSS. SBI Securities Co. Ltd. purchased a new stake in Kohl’s during the fourth quarter valued at about $26,000. Brown Brothers Harriman & Co. boosted its position in shares of Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after buying an additional 917 shares during the period. Bogart Wealth LLC purchased a new stake in shares of Kohl’s in the fourth quarter worth about $35,000. State of Wyoming purchased a new stake in shares of Kohl’s in the fourth quarter worth about $35,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after buying an additional 1,034 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Price Performance

The company has a 50-day moving average price of $12.75 and a two-hundred day moving average price of $16.23. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The company has a market cap of $1.25 billion, a PE ratio of 5.06 and a beta of 1.85.

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.