Kohl’s (NYSE:KSS) Downgraded by Gordon Haskett to “Reduce”

Kohl’s (NYSE:KSS) was downgraded by research analysts at Gordon Haskett from a “hold” rating to a “reduce” rating in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a $11.00 price objective on the stock. Gordon Haskett’s price objective suggests a potential downside of 25.37% from the company’s current price.

KSS has been the subject of several other reports. TD Cowen cut shares of Kohl’s from a “buy” rating to a “hold” rating and decreased their price objective for the company from $25.00 to $21.00 in a research note on Friday, August 30th. Citigroup decreased their price objective on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Morgan Stanley decreased their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price objective on shares of Kohl’s in a research note on Wednesday, August 28th. Finally, Robert W. Baird decreased their price objective on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.22.

Kohl’s Stock Down 3.2 %

KSS stock opened at $14.74 on Tuesday. The firm has a 50 day moving average of $18.78 and a 200 day moving average of $20.73. The stock 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 company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. Kohl’s has a 52 week low of $14.22 and a 52 week high of $29.60.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. Sell-side analysts forecast that Kohl’s will post 1.77 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Kohl’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its holdings in Kohl’s by 149.3% in the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after acquiring an additional 9,925,878 shares in the last quarter. FMR LLC increased its holdings in Kohl’s by 10.8% in the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after acquiring an additional 740,398 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kohl’s by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after buying an additional 52,126 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Kohl’s by 26.3% during the second quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock worth $71,126,000 after buying an additional 643,913 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Kohl’s by 348.0% during the second quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after buying an additional 1,694,162 shares in the last quarter. Hedge funds and other 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.