Wall Street Zen Upgrades Kohl's (NYSE:KSS) to "Hold"

Kohl's (NYSE:KSS - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Other research analysts also recently issued reports about the stock. Citigroup decreased their target price on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Morgan Stanley reduced their price objective on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, March 12th. Bank of America reduced their price target on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a research report on Wednesday, March 12th. Telsey Advisory Group reissued a "market perform" rating and issued a $9.00 price target on shares of Kohl's in a research report on Thursday, May 29th. Finally, Barclays lifted their price target on shares of Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a research note on Friday, May 30th. Seven equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $9.75.

Kohl's Price Performance

Shares of KSS opened at $8.12 on Friday. Kohl's has a twelve month low of $6.04 and a twelve month high of $24.83. The firm's fifty day simple moving average is $7.54 and its 200-day simple moving average is $10.59. The firm has a market capitalization of $903.39 million, a price-to-earnings ratio of 3.66 and a beta of 1.66. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.09. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.01 billion. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The business's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. Equities analysts forecast that Kohl's will post 1.3 EPS for the current fiscal year.

Institutional Trading of Kohl's

Several large investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new position in Kohl's in the 1st quarter worth about $25,000. SBI Securities Co. Ltd. bought a new stake in Kohl's in the fourth quarter worth $26,000. Smartleaf Asset Management LLC lifted its position in shares of Kohl's by 161.8% during the first quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock worth $26,000 after purchasing an additional 1,887 shares during the last quarter. CWM LLC increased its stake in shares of Kohl's by 49.7% during the first quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after buying an additional 1,386 shares during the period. Finally, Bogart Wealth LLC purchased a new position in Kohl's in the fourth quarter valued at about $35,000. 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.

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