Kohl's (NYSE:KSS) Price Target Raised to $10.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its price target for Kohl's from $8.00 to $10.00, while maintaining an "underweight" rating, indicating a potential downside of 21.81% from the current stock price.
• Kohl's reported a quarterly EPS of ($0.13), beating estimates, with a revenue of $3.05 billion, which was slightly above the expected $3.01 billion, despite showing a year-over-year decline of 4.1%.
• Kohl's currently has a consensus rating of "Hold" with a majority of analysts issuing sell ratings, suggesting cautious sentiment regarding the stock's performance in the near term.

Kohl's (NYSE:KSS - Get Free Report) had its price target increased by equities researchers at JPMorgan Chase & Co. from $8.00 to $10.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential downside of 21.81% from the company's current price.

A number of other brokerages also recently weighed in on KSS. Telsey Advisory Group reiterated a "market perform" rating and issued a $9.00 price objective on shares of Kohl's in a research report on Thursday, May 29th. Barclays upped their price objective on shares of Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. Robert W. Baird upped their price objective on shares of Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. Evercore ISI reduced their price target on shares of Kohl's from $9.00 to $8.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group restated a "sell" rating on shares of Kohl's in a research report on Thursday, May 29th. Eight equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, Kohl's currently has a consensus rating of "Hold" and an average price target of $9.89.

Kohl's Price Performance

Shares of KSS opened at $12.79 on Monday. The firm has a market capitalization of $1.43 billion, a PE ratio of 11.73 and a beta of 1.66. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.09 and a quick ratio of 0.14. Kohl's has a 1-year low of $6.04 and a 1-year high of $22.53. The company's fifty day moving average price is $9.05 and its 200-day moving average price is $9.51.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.09. Kohl's had a net margin of 0.75% and a return on equity of 4.71%. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the company earned ($0.24) earnings per share. The firm's revenue was down 4.1% on a year-over-year basis. On average, equities research analysts predict that Kohl's will post 1.3 EPS for the current year.

Institutional Investors Weigh In On Kohl's

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State of Wyoming acquired a new stake in Kohl's during the 4th quarter worth $35,000. National Bank of Canada FI acquired a new stake in Kohl's during the 1st quarter worth $25,000. Smartleaf Asset Management LLC raised its stake in Kohl's by 161.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock worth $26,000 after acquiring an additional 1,887 shares in the last quarter. CWM LLC raised its stake in Kohl's by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock worth $34,000 after acquiring an additional 1,386 shares in the last quarter. Finally, Cheviot Value Management LLC acquired a new stake in Kohl's during the 1st quarter worth $36,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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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