Kohl's (NYSE:KSS) Price Target Cut to $11.25 by Analysts at The Goldman Sachs Group

Kohl's (NYSE:KSS - Get Free Report) had its price objective dropped by investment analysts at The Goldman Sachs Group from $13.00 to $11.25 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "sell" rating on the stock. The Goldman Sachs Group's price objective indicates a potential downside of 8.13% from the company's previous close.

A number of other equities analysts have also issued reports on the stock. Citigroup dropped their target price on shares of Kohl's from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley dropped their price objective on shares of Kohl's from $17.00 to $15.00 and set an "underweight" rating on the stock in a report on Monday, November 25th. TD Cowen reduced their target price on shares of Kohl's from $20.00 to $16.00 and set a "hold" rating for the company in a research note on Wednesday, November 27th. Guggenheim lowered Kohl's from a "buy" rating to a "neutral" rating in a research note on Monday, December 2nd. Finally, Telsey Advisory Group reduced their price objective on Kohl's from $23.00 to $17.00 and set a "market perform" rating for the company in a research report on Wednesday, November 27th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $15.84.

Kohl's Stock Performance

KSS traded up $1.02 during midday trading on Tuesday, reaching $12.25. The company's stock had a trading volume of 14,030,329 shares, compared to its average volume of 7,535,110. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The company has a fifty day simple moving average of $12.75 and a 200 day simple moving average of $16.23. The stock has a market cap of $1.36 billion, a P/E ratio of 5.52 and a beta of 1.92. Kohl's has a twelve month low of $10.91 and a twelve month high of $29.60.

Insider Activity at Kohl's

In other Kohl's news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the transaction, the executive vice president now directly owns 133,091 shares of the company's stock, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is owned by insiders.

Institutional Investors Weigh In On Kohl's

Hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its position in Kohl's by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company's stock valued at $30,000 after buying an additional 917 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Kohl's in the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC boosted its holdings in shares of Kohl's by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company's stock worth $40,000 after acquiring an additional 1,034 shares in the last quarter. State of Wyoming bought a new stake in Kohl's during the 4th quarter worth approximately $35,000. Finally, Bogart Wealth LLC acquired a new stake in Kohl's during the 4th quarter valued at $35,000. Institutional investors and hedge funds 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.