Kohl’s (NYSE:KSS) downgraded by Zacks Investment Research to Hold
Kohls (NYSE: KSS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports. They currently have a target price of $51.00 on the stock. Zacks Investment Research’s price target would suggest a potential upside of 7.39% from the company’s current price.
According to Zacks, “Kohl’s shares have underperformed the industry over the past three months. The company is struggling with headwinds in the supply chain. Management noted that it has encountered receipt of inventory across multiple lines of business due to temporary plant and port closures.In addition, the company’s SG&A expenses have increased year-over-year in recent quarters. , Kohl’s has benefited from its strategic framework, which focuses on revenue growth, operating margin expansion, implementing disciplined capital management as well as undertaking an agile culture , responsible and inclusive. In addition, the company’s strong portfolio of brands and partnerships drive growth. Kohl’s is committed to becoming the leading destination for active and casual lifestyle items.
Other analysts have also recently released reports on the company. Bank of America raised its price target on Kohl’s from $48.00 to $55.00 and gave the company an “underperforming” rating in a Friday, November 19 research note. Credit Suisse Group raised its price target on Kohl’s from $61.00 to $70.00 and gave the company a “neutral” rating in a Friday, November 19 research note. Morgan Stanley raised its price target on Kohl’s from $48.00 to $50.00 and gave the company an “underweight” rating in a Friday, November 19 research note. Citigroup raised its price target on Kohl’s from $67.00 to $73.00 and gave the company a “buy” rating in a Friday, Nov. 19 research note. Finally, Cowen raised his price target on Kohl’s from $67.00 to $73.00 and gave the company an “outperform” rating in a Friday, Nov. 19 research note. Three equity research analysts gave the stock a sell rating, five issued a hold rating and seven issued a buy rating for the company’s stock. According to MarketBeat.com, Kohl’s currently has an average rating of “Hold” and a consensus target price of $63.54.
Shares of KSS were down $0.60 during Friday trading hours, hitting $47.49. The stock had a trading volume of 110,500 shares, compared to an average volume of 5,999,225 shares. The company has a debt ratio of 0.81, a current ratio of 1.49 and a quick ratio of 0.57. The company has a 50-day simple moving average of $51.11 and a 200-day simple moving average of $51.94. The company has a market capitalization of $6.61 billion, a P/E ratio of 7.40, a price-to-earnings growth ratio of 0.85 and a beta of 2.08. Kohl’s has a 1 year minimum of $42.68 and a 1 year maximum of $64.80.
Kohl’s Inc (NYSE:KSS) last reported results on Thursday, November 18. The company reported EPS of $1.65 for the quarter, beating Thomson Reuters consensus estimate of $0.64 from $1.01. The company posted revenue of $4.60 billion in the quarter, versus a consensus estimate of $4.27 billion. Kohl’s had a return on equity of 22.21% and a net margin of 5.15%. The company’s revenue for the quarter increased by 15.6% compared to the same quarter last year. During the same period last year, the company posted EPS of $0.01. Stock analysts predict Kohl’s will post 7.31 EPS for the current fiscal year.
Hedge funds have recently changed their stakes in the company. Berman Capital Advisors LLC increased its stake in Kohl’s by 158.6% in the second quarter. Berman Capital Advisors LLC now owns 468 shares of the company valued at $25,000 after acquiring 287 additional shares during the period. Future Financial Wealth Management LLC bought a new position in Kohl’s stock in the fourth quarter worth $25,000. Geneos Wealth Management Inc. increased its stake in Kohl’s stock to 91.9% in the third quarter. Geneos Wealth Management Inc. now owns 829 shares of the company worth $40,000 after purchasing an additional 397 shares during the period. O Shaughnessy Asset Management LLC increased its holdings of Kohl’s stock by 99.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 968 shares of the company worth $53,000 after purchasing an additional 482 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Kohl’s stock by 21.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,405 shares of the company worth $66,000 after purchasing an additional 248 shares during the period. 90.08% of the shares are currently held by institutional investors and hedge funds.
Kohl Company Profile
Kohls Corp. operates large family stores. Its segment includes apparel, footwear and accessories for women, men and children; home products; beauty products; And accessories. The company’s stores generally carry a consistent assortment of merchandise with some differences attributable to regional preferences.
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