Kohl's (NYSE:KSS) Price Target Lowered to $9.00 at Telsey Advisory Group

Kohl's (NYSE:KSS - Get Free Report) had its price target reduced by equities research analysts at Telsey Advisory Group from $10.00 to $9.00 in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The brokerage currently has a "market perform" rating on the stock. Telsey Advisory Group's price target points to a potential upside of 24.91% from the company's current price.

Several other brokerages also recently issued reports on KSS. The Goldman Sachs Group dropped their target price on shares of Kohl's from $7.50 to $4.00 and set a "sell" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley cut their target price on Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Wednesday, March 12th. Jefferies Financial Group lowered their price target on Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price objective on Kohl's from $9.00 to $7.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Finally, Bank of America lowered their target price on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. Seven analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $10.36.

Kohl's Stock Performance

Kohl's stock opened at $7.21 on Friday. Kohl's has a twelve month low of $6.04 and a twelve month high of $28.25. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $802.09 million, a P/E ratio of 3.25 and a beta of 1.65. The stock's 50 day moving average is $8.37 and its 200 day moving average is $12.82.

Kohl's (NYSE:KSS - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.23. The firm had revenue of $5.18 billion for the quarter, compared to analysts' expectations of $5.25 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company's quarterly revenue was down 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. On average, equities research analysts predict that Kohl's will post 1.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in shares of Kohl's in the fourth quarter worth approximately $26,000. CWM LLC increased its stake in Kohl's by 49.7% in the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock worth $34,000 after buying an additional 1,386 shares in the last quarter. Bogart Wealth LLC bought a new stake in Kohl's during the fourth quarter valued at about $35,000. State of Wyoming purchased a new position in shares of Kohl's in the fourth quarter valued at about $35,000. Finally, Versant Capital Management Inc raised its stake in Kohl's by 3,022.6% during the 1st quarter. Versant Capital Management Inc now owns 6,089 shares of the company's stock valued at $50,000 after purchasing an additional 5,894 shares during the period. 98.04% of the stock is currently owned by institutional investors.

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.

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