Kohl's (NYSE:KSS) Lowered to Hold at StockNews.com

Kohl's (NYSE:KSS - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Monday.

A number of other brokerages also recently issued reports on KSS. TD Cowen upped their price objective on Kohl's from $28.00 to $31.00 and gave the company an "outperform" rating in a research note on Wednesday, March 13th. Citigroup reduced their price objective on Kohl's from $27.00 to $24.00 and set a "neutral" rating for the company in a research note on Wednesday, March 13th. Morgan Stanley upped their price objective on Kohl's from $18.00 to $19.00 and gave the company an "underweight" rating in a research note on Thursday, March 21st. Telsey Advisory Group increased their price target on Kohl's from $25.00 to $28.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. increased their price target on Kohl's from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Kohl's presently has an average rating of "Hold" and a consensus target price of $24.20.

Kohl's Stock Up 1.0 %

Shares of NYSE:KSS traded up $0.24 during mid-day trading on Monday, hitting $24.42. 3,685,378 shares of the company traded hands, compared to its average volume of 5,358,592. The stock has a market cap of $2.71 billion, a P/E ratio of 8.57, a P/E/G ratio of 1.35 and a beta of 2.01. The company has a current ratio of 1.31, a quick ratio of 0.20 and a debt-to-equity ratio of 1.11. Kohl's has a 12-month low of $17.68 and a 12-month high of $29.65. The stock has a 50-day moving average price of $25.65 and a two-hundred day moving average price of $25.63.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.39. The firm had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.80 billion. Kohl's had a return on equity of 8.40% and a net margin of 1.81%. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.49) EPS. On average, equities research analysts forecast that Kohl's will post 2.24 earnings per share for the current year.

Institutional Trading of Kohl's

A number of institutional investors have recently added to or reduced their stakes in KSS. Vanguard Group Inc. raised its holdings in shares of Kohl's by 16.4% in the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company's stock valued at $361,127,000 after acquiring an additional 1,775,024 shares in the last quarter. Norges Bank purchased a new stake in shares of Kohl's in the 4th quarter valued at about $34,583,000. Vision One Management Partners LP purchased a new stake in shares of Kohl's in the 4th quarter valued at about $28,413,000. Hsbc Holdings PLC raised its holdings in shares of Kohl's by 254.9% in the 4th quarter. Hsbc Holdings PLC now owns 794,677 shares of the company's stock valued at $22,822,000 after acquiring an additional 570,745 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Kohl's by 73.7% in the 3rd quarter. Barclays PLC now owns 1,299,839 shares of the company's stock valued at $27,245,000 after acquiring an additional 551,340 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.