Citigroup Cuts Kohl’s (NYSE:KSS) Price Target to $20.00

Kohl’s (NYSE:KSS) had its target price decreased by Citigroup from $23.00 to $20.00 in a research report sent to investors on Thursday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other brokerages also recently commented on KSS. Evercore raised their target price on shares of Kohl’s from $13.00 to $21.00 and gave the stock an “in-line” rating in a report on Tuesday, November 25th. The Goldman Sachs Group raised their price objective on shares of Kohl’s from $11.00 to $15.00 and gave the stock a “sell” rating in a report on Wednesday, November 26th. Jefferies Financial Group assumed coverage on shares of Kohl’s in a research report on Wednesday, January 14th. They issued a “hold” rating and a $22.00 price objective on the stock. TD Cowen reaffirmed a “hold” rating on shares of Kohl’s in a research note on Wednesday, November 26th. Finally, Zacks Research raised Kohl’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kohl’s presently has an average rating of “Reduce” and a consensus target price of $15.27.

Kohl’s Stock Performance

Shares of KSS stock opened at $18.77 on Thursday. The stock has a market cap of $2.11 billion, a PE ratio of 10.91 and a beta of 1.44. The stock has a 50-day moving average of $19.69 and a 200-day moving average of $17.82. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.30 and a quick ratio of 0.12. Kohl’s has a one year low of $6.04 and a one year high of $25.22.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.29. Kohl’s had a net margin of 1.23% and a return on equity of 4.30%. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period last year, the firm posted $0.20 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. As a group, sell-side analysts expect that Kohl’s will post 1.3 earnings per share for the current year.

Insider Activity at Kohl’s

In related news, CFO Jill Timm sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer directly owned 325,561 shares of the company’s stock, valued at approximately $7,813,464. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Trading of Kohl’s

A number of large investors have recently added to or reduced their stakes in KSS. Y Intercept Hong Kong Ltd boosted its stake in shares of Kohl’s by 221.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 143,376 shares of the company’s stock worth $2,204,000 after acquiring an additional 98,778 shares during the period. Federated Hermes Inc. bought a new stake in Kohl’s in the 3rd quarter valued at $5,198,000. Quantbot Technologies LP acquired a new stake in Kohl’s during the 2nd quarter valued at $1,324,000. TriaGen Wealth Management LLC acquired a new stake in Kohl’s during the 3rd quarter valued at $730,000. Finally, Corton Capital Inc. boosted its position in Kohl’s by 223.7% during the second quarter. Corton Capital Inc. now owns 50,636 shares of the company’s stock worth $429,000 after purchasing an additional 34,992 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

About Kohl’s

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.