Wall Street Zen Downgrades Kohl's (NYSE:KSS) to Sell

Kohl's (NYSE:KSS - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Sunday.

A number of other analysts have also issued reports on KSS. JPMorgan Chase & Co. raised their price target on Kohl's from $7.00 to $8.00 and gave the stock an "underweight" rating in a research note on Monday, May 19th. Bank of America decreased their price target on Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird raised their price objective on Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. UBS Group cut their price objective on Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group restated a "sell" rating on shares of Kohl's in a report on Thursday, May 29th. Eight analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $9.75.

Kohl's Stock Down 1.1%

Shares of NYSE:KSS opened at $8.23 on Friday. The stock's 50-day moving average price is $7.68 and its two-hundred day moving average price is $10.33. The company has a current ratio of 1.09, a quick ratio of 0.14 and a debt-to-equity ratio of 0.95. Kohl's has a 12-month low of $6.04 and a 12-month high of $24.83. The firm has a market cap of $921.87 million, a price-to-earnings ratio of 7.55 and a beta of 1.66.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share (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 firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the company earned ($0.24) EPS. The firm's quarterly revenue was down 4.1% on a year-over-year basis. On average, research analysts forecast that Kohl's will post 1.3 EPS for the current year.

Institutional Investors Weigh In On Kohl's

Several hedge funds have recently modified their holdings of the stock. Bayforest Capital Ltd purchased a new stake in shares of Kohl's during the 1st quarter valued at about $151,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Kohl's by 14.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 489,708 shares of the company's stock valued at $4,006,000 after buying an additional 60,769 shares during the period. Caxton Associates LLP purchased a new stake in shares of Kohl's during the 1st quarter valued at about $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Kohl's during the 1st quarter valued at about $7,818,000. Finally, Invenomic Capital Management LP raised its holdings in shares of Kohl's by 4.0% during the 1st quarter. Invenomic Capital Management LP now owns 1,080,436 shares of the company's stock valued at $8,838,000 after buying an additional 41,676 shares during the period. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

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.

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