Telsey Advisory Group Reaffirms "Market Perform" Rating for Kohl's (NYSE:KSS)

Key Points

• Telsey Advisory Group has reaffirmed its "market perform" rating for Kohl's (NYSE:KSS) and set a target price of $9.00, indicating a potential downside of 32.54% from the current stock price.
• The stock opened at $13.34 on Thursday and has experienced a 1-year range of $6.04 to $21.39, with a recent drop of 2.3%.
• Kohl's reported quarterly earnings of ($0.13) per share, surpassing estimates, while revenue fell 4.1% year-over-year to $3.05 billion.

Kohl's (NYSE:KSS - Get Free Report)'s stock had its "market perform" rating reissued by equities researchers at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They presently have a $9.00 price target on the stock. Telsey Advisory Group's price objective indicates a potential downside of 34.93% from the company's current price.

A number of other brokerages have also recently commented on KSS. JPMorgan Chase & Co. raised their target price on Kohl's from $8.00 to $10.00 and gave the stock an "underweight" rating in a report on Monday, July 28th. Wall Street Zen raised Kohl's from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Barclays raised their target price on Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a report on Friday, May 30th. Robert W. Baird raised their target price on Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. Finally, Gordon Haskett raised Kohl's from a "reduce" rating to a "hold" rating in a report on Tuesday, August 12th. Nine investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $9.89.

Kohl's Stock Performance

Shares of NYSE KSS traded up $0.5120 during midday trading on Thursday, hitting $13.8320. 6,859,336 shares of the stock traded hands, compared to its average volume of 7,435,079. Kohl's has a one year low of $6.04 and a one year high of $21.39. The firm has a 50-day moving average of $10.73 and a two-hundred day moving average of $9.43. The firm has a market capitalization of $1.55 billion, a P/E ratio of 12.69 and a beta of 1.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.14 and a current ratio of 1.09.

Kohl's (NYSE:KSS - Get Free Report) last announced its 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 company had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $3.01 billion. During the same period last year, the firm earned ($0.24) EPS. Kohl's's revenue for the quarter was down 4.1% compared to the same quarter last year. Kohl's has set its FY 2025 guidance at 0.100-0.600 EPS. On average, equities analysts forecast that Kohl's will post 1.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its position in Kohl's by 4.9% in the second quarter. American Century Companies Inc. now owns 4,690,642 shares of the company's stock worth $39,777,000 after acquiring an additional 220,427 shares in the last quarter. Allianz Asset Management GmbH grew its position in Kohl's by 21.0% in the second quarter. Allianz Asset Management GmbH now owns 4,303,123 shares of the company's stock worth $36,490,000 after acquiring an additional 745,543 shares in the last quarter. Invesco Ltd. grew its position in Kohl's by 29.7% in the first quarter. Invesco Ltd. now owns 2,973,512 shares of the company's stock worth $24,323,000 after acquiring an additional 680,766 shares in the last quarter. Geode Capital Management LLC grew its position in Kohl's by 43.0% in the second quarter. Geode Capital Management LLC now owns 2,615,482 shares of the company's stock worth $22,182,000 after acquiring an additional 785,936 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Kohl's by 11.5% in the second quarter. First Trust Advisors LP now owns 2,380,359 shares of the company's stock worth $20,185,000 after acquiring an additional 244,761 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

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.