JPMorgan Chase & Co. Boosts Kohl's (NYSE:KSS) Price Target to $17.00

Key Points

• JPMorgan raised Kohl’s price target from $15 to $17 but maintained an “underweight” rating, implying roughly 9.94% downside from the prior close.
• Analyst sentiment remains cautious: Kohl’s has a consensus “Reduce” rating and an average price target of $15.46, based on one Buy, nine Hold and six Sell ratings.
• Kohl’s reported quarterly revenue of $3.17 billion and an adjusted loss of $0.13 per share, both better than analysts’ expectations, though revenue declined 1.7% year over year.

Kohl's (NYSE:KSS - Get Free Report) had its target price raised by JPMorgan Chase & Co. from $15.00 to $17.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential downside of 9.94% from the company's previous close.

KSS has been the subject of a number of other reports. Zacks Research cut shares of Kohl's from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 15th. Morgan Stanley restated an "underweight" rating and set a $15.00 price target on shares of Kohl's in a research report on Monday, July 6th. Weiss Ratings raised shares of Kohl's from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 12th. Bank of America decreased their target price on shares of Kohl's from $15.00 to $14.00 and set an "underperform" rating on the stock in a research note on Friday, May 29th. Finally, Citigroup upgraded Kohl's from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $14.00 to $22.00 in a report on Monday, June 1st. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, Kohl's presently has a consensus rating of "Reduce" and an average target price of $15.46.

Kohl's Price Performance

Shares of KSS traded down $0.40 during trading hours on Tuesday, hitting $18.88. 898,782 shares of the stock were exchanged, compared to its average volume of 4,541,443. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.31 and a current ratio of 1.48. Kohl's has a 12-month low of $11.38 and a 12-month high of $25.22. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 7.99 and a beta of 1.40. The stock's 50-day moving average price is $18.05 and its two-hundred day moving average price is $16.00.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.05. Kohl's had a return on equity of 4.67% and a net margin of 1.76%.The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the firm posted ($0.13) EPS. The firm's revenue for the quarter was down 1.7% on a year-over-year basis. Kohl's has set its FY 2026 guidance at 1.000-1.600 EPS. Research analysts expect that Kohl's will post 1.36 earnings per share for the current year.

Insider Activity at Kohl's

In other news, EVP Jennifer J. Kent sold 22,942 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $20.00, for a total transaction of $458,840.00. Following the transaction, the executive vice president owned 234,452 shares of the company's stock, valued at approximately $4,689,040. The trade was a 8.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kohl's

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Kohl's by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 12,181,767 shares of the company's stock valued at $248,630,000 after purchasing an additional 273,500 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Kohl's by 13.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,342,340 shares of the company's stock valued at $81,811,000 after buying an additional 744,539 shares during the period. Geode Capital Management LLC raised its position 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 valued at $55,177,000 after buying an additional 47,037 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Kohl's by 107.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,479,061 shares of the company's stock valued at $31,980,000 after buying an additional 1,286,710 shares during the period. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in Kohl's in the fourth quarter valued at approximately $49,796,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.

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