Kohl's (NYSE:KSS) Price Target Cut to $4.00 by Analysts at The Goldman Sachs Group

Kohl's (NYSE:KSS - Get Free Report) had its price target lowered by investment analysts at The Goldman Sachs Group from $7.50 to $4.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "sell" rating on the stock. The Goldman Sachs Group's price target points to a potential downside of 43.42% from the company's previous close.

Several other research firms have also recently weighed in on KSS. Telsey Advisory Group reaffirmed a "market perform" rating and set a $10.00 target price on shares of Kohl's in a research note on Tuesday, April 1st. JPMorgan Chase & Co. dropped their price objective on shares of Kohl's from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. Bank of America decreased their target price on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Robert W. Baird dropped their price target on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Finally, Morgan Stanley reduced their price objective on Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, March 12th. Six investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $11.15.

Kohl's Price Performance

NYSE KSS traded up $0.04 on Tuesday, reaching $7.07. The company's stock had a trading volume of 7,517,000 shares, compared to its average volume of 8,440,489. Kohl's has a twelve month low of $6.04 and a twelve month high of $28.25. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The firm's 50 day moving average is $8.77 and its two-hundred day moving average is $13.12. The stock has a market cap of $787.06 million, a PE ratio of 3.18 and a beta of 1.65.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.23. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter last year, the company posted $1.67 EPS. Kohl's's revenue for the quarter was down 9.4% on a year-over-year basis. As a group, sell-side analysts predict that Kohl's will post 1.3 EPS for the current year.

Hedge Funds Weigh In On Kohl's

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KSS. Crescent Grove Advisors LLC boosted its holdings in shares of Kohl's by 61.4% during the 1st quarter. Crescent Grove Advisors LLC now owns 55,200 shares of the company's stock worth $458,000 after buying an additional 21,000 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Kohl's by 22.7% during the first quarter. Illinois Municipal Retirement Fund now owns 73,632 shares of the company's stock valued at $602,000 after acquiring an additional 13,645 shares during the period. Wealth Effects LLC bought a new stake in Kohl's during the first quarter valued at about $123,000. Cambridge Investment Research Advisors Inc. grew its position in shares of Kohl's by 14.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,762 shares of the company's stock valued at $121,000 after purchasing an additional 1,849 shares during the last quarter. Finally, Silverleafe Capital Partners LLC increased its stake in shares of Kohl's by 300.0% in the first quarter. Silverleafe Capital Partners LLC now owns 40,000 shares of the company's stock worth $327,000 after purchasing an additional 30,000 shares during the period. 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.