TD Cowen Cuts Kohl's (NYSE:KSS) Price Target to $17.00

Key Points

• TD Cowen cut its price target on Kohl’s to $17 (from $23) and kept a "hold" rating, joining other firms that trimmed targets; MarketBeat shows a consensus rating of "Reduce" with a consensus target of $14.92.
• Kohl’s reported a Q4 EPS beat ($1.07 vs. $0.86) but revenue fell ~3.9% year‑over‑year and FY2026 guidance of $1.00–$1.60 is below consensus (~$1.82), contributing to a mid‑day share drop to $14.05.
• Analyst coverage is mixed (1 Buy, 9 Hold, 6 Sell) and the stock has heavy institutional ownership (~98%) with a market cap of $1.58B and a PE of 8.16, implying continued scrutiny and potential volatility.

Kohl's (NYSE:KSS - Get Free Report) had its price target decreased by equities research analysts at TD Cowen from $23.00 to $17.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. TD Cowen's price target would indicate a potential upside of 21.03% from the stock's previous close.

A number of other research firms also recently commented on KSS. Zacks Research downgraded Kohl's from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 25th. Gordon Haskett upgraded Kohl's from an "accumulate" rating to a "buy" rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. lowered their price target on Kohl's from $22.00 to $15.00 and set an "underweight" rating for the company in a research report on Tuesday. Telsey Advisory Group dropped their price target on Kohl's from $23.00 to $17.00 and set a "market perform" rating for the company in a research note on Tuesday. Finally, The Goldman Sachs Group raised their price objective on Kohl's from $11.00 to $15.00 and gave the stock a "sell" rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, Kohl's presently has a consensus rating of "Reduce" and a consensus target price of $14.92.

Kohl's Trading Down 3.7%

Shares of KSS traded down $0.53 during mid-day trading on Wednesday, hitting $14.05. The company had a trading volume of 1,701,961 shares, compared to its average volume of 4,162,588. Kohl's has a 1-year low of $6.04 and a 1-year high of $25.22. The business's 50-day simple moving average is $18.32 and its 200-day simple moving average is $18.12. The stock has a market cap of $1.58 billion, a PE ratio of 8.16 and a beta of 1.42. The company has a quick ratio of 0.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.99.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.86 by $0.21. The firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $5.08 billion. Kohl's had a net margin of 1.23% and a return on equity of 4.30%. Kohl's's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 earnings per share. Kohl's has set its FY 2026 guidance at 1.000-1.600 EPS. Sell-side analysts forecast that Kohl's will post 1.3 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its position in shares of Kohl's by 233.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,666 shares of the company's stock worth $34,000 after buying an additional 1,167 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Kohl's in the third quarter valued at about $28,000. IFP Advisors Inc raised its holdings in shares of Kohl's by 3,777.6% during the 3rd quarter. IFP Advisors Inc now owns 1,900 shares of the company's stock valued at $31,000 after buying an additional 1,851 shares during the period. Plato Investment Management Ltd acquired a new position in Kohl's during the 4th quarter worth approximately $42,000. Finally, Hantz Financial Services Inc. lifted its position in Kohl's by 164.7% during the 4th quarter. Hantz Financial Services Inc. now owns 2,102 shares of the company's stock worth $43,000 after acquiring an additional 1,308 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Kohl's News Roundup

Here are the key news stories impacting Kohl's this week:

• Positive Sentiment: Q4 earnings beat — Kohl’s reported EPS of $1.07 vs. consensus ~$0.86, surprising the market and supporting improved quarterly profitability. Earnings Call Transcript
• Positive Sentiment: Profit and margin progress — Management highlighted profit gains and margin improvement despite revenue decline, which underpins the case that cost/mix actions are helping near-term earnings. Earnings Call Takeaways
• Positive Sentiment: Strategy: expanding private brands and value focus — Management reiterated plans to grow proprietary brands and emphasize value, which could help margin stability and differentiation over time. Strategy & Guidance
• Neutral Sentiment: Revenue outlook mixed — management gave a revenue range for FY that roughly brackets estimates, leaving top-line visibility limited while margins and mix drive the near-term story. Reuters: Sales Forecast
• Negative Sentiment: Sales weakness / comps decline — Q4 revenue fell ~3.9% year-over-year and comparable-store sales disappointed, reinforcing concerns about traffic and market-share loss among budget-conscious shoppers. Earnings Summary
• Negative Sentiment: FY 2026 guidance below expectations — Kohl’s set FY EPS guidance of $1.00–$1.60, below consensus (~$1.82), which tempers the upside from the quarter’s beat and is a key reason for negative investor reaction. Guidance Detail
• Negative Sentiment: Management warns of cautious shoppers — The CFO said core customers are being “choiceful,” signaling sustained consumer pressure that could prolong sales weakness. CFO Comments
• Negative Sentiment: Analyst downgrades and target cuts — Several firms cut targets/ratings (JPMorgan, Telsey, Baird) and some sell-side notes call the post-earnings bounce a “relief rally,” increasing downside risk from multiple skeptical analysts. Analyst Coverage Changes Baird Note

Kohl's Company Profile

Kohl's Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl's has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer's merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.

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