Kohl’s (KSS) Downgraded to “Neutral” at Citigroup

Kohl’s (NYSE:KSS) was downgraded by investment analysts at Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, The Fly reports.

Other research analysts have also recently issued research reports about the company. Robert W. Baird set a $73.00 target price on Kohl’s and gave the company a “buy” rating in a research note on Thursday, March 1st. Guggenheim reaffirmed a “buy” rating and set a $75.00 target price on shares of Kohl’s in a research note on Thursday, March 1st. ValuEngine cut Kohl’s from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. Cowen reaffirmed a “buy” rating and set a $76.00 target price on shares of Kohl’s in a research note on Monday, April 9th. Finally, Zacks Investment Research raised Kohl’s from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Monday, May 21st. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $65.55.

Shares of KSS stock opened at $75.72 on Thursday. Kohl’s has a 1 year low of $35.33 and a 1 year high of $79.92. The company has a current ratio of 1.76, a quick ratio of 0.44 and a debt-to-equity ratio of 0.72. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 2.18 and a beta of 1.27.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, May 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.14. Kohl’s had a return on equity of 14.28% and a net margin of 4.46%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. equities research analysts anticipate that Kohl’s will post 5.39 earnings per share for the current fiscal year.

In related news, CEO Kevin Mansell sold 142,552 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $64.20, for a total value of $9,151,838.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Richard D. Schepp sold 20,480 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $65.00, for a total value of $1,331,200.00. Following the completion of the transaction, the insider now directly owns 189,407 shares in the company, valued at approximately $12,311,455. The disclosure for this sale can be found here. In the last three months, insiders sold 330,311 shares of company stock worth $21,499,967. 1.20% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Assetmark Inc. boosted its position in Kohl’s by 0.5% during the 3rd quarter. Assetmark Inc. now owns 2,317 shares of the company’s stock valued at $101,000 after acquiring an additional 11 shares in the last quarter. NuWave Investment Management LLC boosted its position in Kohl’s by 6,537.0% during the 1st quarter. NuWave Investment Management LLC now owns 1,792 shares of the company’s stock valued at $117,000 after acquiring an additional 1,765 shares in the last quarter. Ffcm LLC boosted its position in Kohl’s by 179.3% during the 2nd quarter. Ffcm LLC now owns 3,033 shares of the company’s stock valued at $120,000 after acquiring an additional 1,947 shares in the last quarter. Cerebellum GP LLC bought a new stake in Kohl’s during the 4th quarter valued at $121,000. Finally, Johnson Financial Group Inc. boosted its position in Kohl’s by 0.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock valued at $128,000 after acquiring an additional 10 shares in the last quarter.

About Kohl’s

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

The Fly

Analyst Recommendations for Kohl`s (NYSE:KSS)

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