Wall Street Zen Upgrades Kohl's (NYSE:KSS) to "Hold"

Key Points

• Kohl's stock has been upgraded from a "sell" to a "hold" rating by Wall Street Zen.
• Despite this upgrade, analyst opinions remain mixed, with a consensus target price of $9.89 and a majority of analysts maintaining a "hold" or "sell" rating.
• Kohl's reported a quarterly EPS of ($0.13), exceeding estimates, but its revenue decreased by 4.1% compared to the previous year.

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

A number of other brokerages have also weighed in on KSS. The Goldman Sachs Group reiterated a "sell" rating on shares of Kohl's in a research report on Thursday, May 29th. Gordon Haskett upgraded shares of Kohl's from a "reduce" rating to a "hold" rating in a research report on Tuesday, August 12th. Barclays raised their price objective on shares of Kohl's from $4.00 to $5.00 and gave the company an "underweight" rating in a research report on Friday, May 30th. Evercore ISI cut their price objective 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, Robert W. Baird raised their price objective on shares of Kohl's from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Friday, May 30th. Nine equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $9.89.

Kohl's Stock Performance

NYSE KSS traded down $0.0290 during trading hours on Friday, reaching $13.6110. 2,784,174 shares of the company were exchanged, compared to its average volume of 11,338,599. The company has a quick ratio of 0.14, a current ratio of 1.09 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $1.52 billion, a P/E ratio of 12.47 and a beta of 1.73. Kohl's has a 1 year low of $6.04 and a 1 year high of $21.39. The business's 50 day simple moving average is $10.35 and its 200-day simple moving average is $9.39.

Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates of ($0.22) by $0.09. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.01 billion. Kohl's had a net margin of 0.75% and a return on equity of 4.71%. The company's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.24) earnings per share. Kohl's has set its FY 2025 guidance at 0.100-0.600 EPS. On average, equities research analysts expect that Kohl's will post 1.3 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. State of Wyoming purchased a new position in shares of Kohl's during the fourth quarter worth approximately $35,000. National Bank of Canada FI purchased a new position in shares of Kohl's during the first quarter worth approximately $25,000. Smartleaf Asset Management LLC raised its stake in shares of Kohl's by 161.8% during the first 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 increased its stake in shares of Kohl's by 49.7% in the first quarter. CWM LLC now owns 4,177 shares of the company's stock worth $34,000 after buying an additional 1,386 shares during the period. Finally, Cheviot Value Management LLC purchased a new position in shares of Kohl's in the first quarter worth $36,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

Kohl's Company Profile

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.