Kohl's (NYSE:KSS) Rating Increased to Hold at Wall Street Zen

Key Points

• Kohl's (NYSE:KSS) has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, in addition to other recent upgrades from brokerages, including a price target increase by Citigroup and Telsey Advisory Group.
• The company's latest quarterly earnings report showed a $0.56 EPS, exceeding expectations but reflecting a 5% revenue decline year-over-year.
• Kohl's shares opened at $15.11, with a current average target price of $12.46 and a consensus rating of "Reduce" among analysts, indicating varying outlooks on its stock performance.

Kohl's (NYSE:KSS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Monday.

Several other brokerages have also recently issued reports on KSS. Gordon Haskett upgraded Kohl's from a "hold" rating to an "accumulate" rating in a research note on Wednesday, August 27th. Citigroup upped their price objective on Kohl's from $8.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday. Telsey Advisory Group upped their price objective on Kohl's from $9.00 to $16.00 and gave the company a "market perform" rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. upped their price objective on Kohl's from $10.00 to $11.00 and gave the company an "underweight" rating in a research note on Thursday. Finally, UBS Group upped their price objective on Kohl's from $4.00 to $4.50 and gave the company a "sell" rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $12.46.

Kohl's Trading Down 1.7%

Shares of NYSE KSS opened at $15.11 on Monday. The stock's 50 day moving average price is $11.35 and its two-hundred day moving average price is $9.51. Kohl's has a 52-week low of $6.04 and a 52-week high of $21.39. The stock has a market capitalization of $1.69 billion, a P/E ratio of 8.17 and a beta of 1.74. The company has a quick ratio of 0.19, a current ratio of 1.36 and a debt-to-equity ratio of 1.00.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.23. Kohl's had a return on equity of 4.62% and a net margin of 1.31%.The firm had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $3.37 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Kohl's's revenue for the quarter was down 5.0% compared to the same quarter last year. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. On average, analysts anticipate that Kohl's will post 1.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kohl's

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KSS. National Bank of Canada FI bought a new position in Kohl's in the 1st quarter worth approximately $25,000. Smartleaf Asset Management LLC grew its holdings in Kohl's by 161.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock worth $26,000 after buying an additional 1,887 shares in the last quarter. CWM LLC grew its holdings 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. State of Wyoming bought a new position in Kohl's in the 4th quarter worth approximately $35,000. Finally, Cheviot Value Management LLC bought a new position in Kohl's in the 1st quarter worth approximately $36,000. 98.04% of the stock is 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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