Gordon Haskett Upgrades Kohl's (NYSE:KSS) to "Hold"

Key Points

• Kohl's has been upgraded from a "reduce" rating to a "hold" rating by Gordon Haskett, reflecting a shift in outlook for the company's stock.
• The company's shares saw a nearly 10% increase on the day of the announcement, reflecting positive market sentiment.
• Kohl's reported a quarterly EPS of ($0.13), surpassing analysts' expectations, although its revenue declined 4.1% year-over-year to $3.05 billion.

Kohl's (NYSE:KSS - Get Free Report) was upgraded by Gordon Haskett from a "reduce" rating to a "hold" rating in a report released on Tuesday, MarketBeat.com reports.

A number of other equities analysts have also recently commented on the company. Wall Street Zen cut Kohl's from a "hold" rating to a "sell" rating in a report on Sunday, June 22nd. JPMorgan Chase & Co. boosted their price objective on Kohl's from $8.00 to $10.00 and gave the stock an "underweight" rating in a report on Monday, July 28th. Evercore ISI reduced their price objective on Kohl's from $9.00 to $8.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Robert W. Baird boosted their price objective on Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. Finally, Barclays boosted their price objective on Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a report on Friday, May 30th. Seven analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, Kohl's presently has a consensus rating of "Hold" and a consensus target price of $9.89.

Kohl's Stock Performance

Kohl's stock traded down $0.41 during midday trading on Tuesday, reaching $13.60. 1,497,489 shares of the company's stock were exchanged, compared to its average volume of 11,406,591. Kohl's has a 52 week low of $6.04 and a 52 week high of $21.39. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.14 and a current ratio of 1.09. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 12.54 and a beta of 1.73. The stock's 50-day simple moving average is $10.03 and its 200 day simple moving average is $9.43.

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, topping analysts' consensus estimates of ($0.22) by $0.09. Kohl's had a return on equity of 4.71% and a net margin of 0.75%. The business had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $3.01 billion. During the same quarter last year, the company posted ($0.24) earnings per share. Kohl's's quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts expect that Kohl's will post 1.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kohl's

Hedge funds and other institutional investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. acquired a new position in Kohl's during the first quarter valued at approximately $11,650,000. Marshall Wace LLP acquired a new position in Kohl's during the fourth quarter valued at approximately $19,874,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Kohl's during the first quarter valued at approximately $7,818,000. Gate City Capital Management LLC acquired a new position in Kohl's during the fourth quarter valued at approximately $12,773,000. Finally, AQR Capital Management LLC raised its position in Kohl's by 88.1% during the first quarter. AQR Capital Management LLC now owns 1,774,244 shares of the company's stock valued at $14,513,000 after purchasing an additional 831,055 shares in the last quarter. 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.