Morgan Stanley Forecasts Strong Price Appreciation for Kohl's (NYSE:KSS) Stock

Key Points

• Morgan Stanley has raised its target price for Kohl's (NYSE:KSS) from $5.00 to $9.00, indicating a potential downside of 49.13% from the stock's previous close while maintaining an "underweight" rating.
• Kohl's reported earnings of $0.56 per share for the last quarter, surpassing analysts' expectations, but its revenue decreased by 5.0% year-over-year.
• Currently, the stock has a consensus rating of "Reduce" with a consensus price target of $12.54, reflecting mixed ratings from analysts, including one "Buy," nine "Hold," and six "Sell" ratings.

Kohl's (NYSE:KSS - Get Free Report) had its price target increased by stock analysts at Morgan Stanley from $5.00 to $9.00 in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has an "underweight" rating on the stock. Morgan Stanley's price target suggests a potential downside of 47.77% from the company's previous close.

Several other equities research analysts have also recently issued reports on KSS. Gordon Haskett raised shares of Kohl's from a "hold" rating to an "accumulate" rating in a research note on Wednesday, August 27th. Robert W. Baird upped their target price on shares of Kohl's from $9.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. The Goldman Sachs Group boosted their price target on shares of Kohl's from $7.00 to $11.00 and gave the stock a "sell" rating in a research note on Thursday, August 28th. Telsey Advisory Group boosted their price target on shares of Kohl's from $9.00 to $16.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 27th. Finally, Barclays upped their target price on shares of Kohl's from $5.00 to $8.00 and gave the stock an "underweight" rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $12.75.

Kohl's Price Performance

KSS traded down $0.15 on Thursday, hitting $17.23. 9,473,827 shares of the company's stock were exchanged, compared to its average volume of 8,756,254. Kohl's has a fifty-two week low of $6.04 and a fifty-two week high of $21.39. The company has a current ratio of 1.36, a quick ratio of 0.19 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average price of $13.59 and a 200-day moving average price of $10.00. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 9.31 and a beta of 1.74.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of KSS. National Bank of Canada FI acquired a new position in Kohl's in the 1st quarter worth about $25,000. Smartleaf Asset Management LLC increased its position 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 purchasing an additional 1,887 shares during the last quarter. CWM LLC increased its position 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 purchasing an additional 1,386 shares during the last quarter. State of Wyoming acquired a new position in Kohl's in the 4th quarter worth about $35,000. Finally, Cheviot Value Management LLC acquired a new position in Kohl's in the 1st quarter worth about $36,000. 98.04% of the stock is owned by institutional investors and hedge funds.

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.