Kohl’s (NYSE:KSS) Given New $9.00 Price Target at Robert W. Baird

Kohl’s (NYSE:KSS) had its price target upped by equities researchers at Robert W. Baird from $8.00 to $9.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 10.70% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Evercore ISI dropped their target price on Kohl’s from $9.00 to $8.00 and set an “in-line” rating on the stock in a research report on Friday, May 2nd. Citigroup dropped their target price on Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Barclays raised their target price on Kohl’s from $4.00 to $5.00 and gave the company an “underweight” rating in a research report on Friday. UBS Group lowered 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, Morgan Stanley lowered their price objective on Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, March 12th. Seven research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, Kohl’s has a consensus rating of “Hold” and a consensus price target of $9.75.

Kohl’s Price Performance

NYSE:KSS opened at $8.13 on Friday. Kohl’s has a 52 week low of $6.04 and a 52 week high of $24.83. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $905.06 million, a PE ratio of 3.66 and a beta of 1.61. The stock’s 50-day moving average price is $7.38 and its 200-day moving average price is $11.14.

Kohl’s (NYSE:KSS) last posted its earnings results on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.09. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period last year, the firm earned ($0.24) EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, equities analysts expect that Kohl’s will post 1.3 EPS for the current fiscal year.

Institutional Trading of Kohl’s

Institutional investors have recently made changes to their positions in the company. National Bank of Canada FI purchased a new stake in shares of Kohl’s during the 1st quarter valued at approximately $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Kohl’s during the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC raised its position in shares of Kohl’s by 161.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company’s stock valued at $26,000 after buying an additional 1,887 shares during the period. CWM LLC raised its position in shares of Kohl’s by 49.7% during the 1st 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 stake in shares of Kohl’s during the 4th quarter valued at approximately $35,000. Hedge funds and other 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.