Robert W. Baird Cuts Kohl’s (NYSE:KSS) Price Target to $11.00

Kohl’s (NYSE:KSS) had its price target dropped by equities researchers at Robert W. Baird from $18.00 to $11.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 20.69% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Gordon Haskett lowered Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price on the stock. in a report on Tuesday, November 26th. The Goldman Sachs Group dropped their price objective on Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a report on Tuesday, March 4th. Morgan Stanley decreased their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 25th. JPMorgan Chase & Co. dropped their price target on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Telsey Advisory Group restated a “market perform” rating and set a $13.00 price objective on shares of Kohl’s in a research report on Tuesday. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat, Kohl’s currently has an average rating of “Hold” and a consensus target price of $14.30.

Kohl’s Price Performance

KSS stock opened at $9.11 on Wednesday. The business’s 50-day moving average is $12.58 and its two-hundred day moving average is $16.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The firm has a market capitalization of $1.01 billion, a P/E ratio of 4.11 and a beta of 1.92. Kohl’s has a 1 year low of $8.75 and a 1 year high of $29.60.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter last year, the company earned $1.67 earnings per share. The firm’s revenue was down 9.4% compared to the same quarter last year. Analysts anticipate that Kohl’s will post 1.3 earnings per share for the current fiscal year.

Insider Activity at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the transaction, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is owned by insiders.

Hedge Funds Weigh In On Kohl’s

A number of hedge funds and other institutional investors have recently made changes to their positions in KSS. Pacer Advisors Inc. increased its holdings in shares of Kohl’s by 149.3% in the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after purchasing an additional 9,925,878 shares during the period. Marshall Wace LLP purchased a new position in Kohl’s in the 4th quarter valued at $19,874,000. Gate City Capital Management LLC acquired a new position in Kohl’s in the 4th quarter valued at $12,773,000. FMR LLC raised its position in Kohl’s by 10.8% during the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after buying an additional 740,398 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Kohl’s in the 4th quarter worth $8,778,000. 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.