Kohl’s (NYSE:KSS) Given New $65.00 Price Target at Jefferies Financial Group

Kohl’s (NYSE:KSS) had its target price reduced by Jefferies Financial Group from $75.00 to $65.00 in a report issued on Wednesday, The Fly reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 36.67% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Telsey Advisory Group downgraded shares of Kohl’s from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $60.00 to $48.00 in a report on Wednesday. UBS Group lifted their target price on shares of Kohl’s from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Cowen set a $58.00 target price on shares of Kohl’s and gave the stock a “buy” rating in a report on Monday, August 26th. Credit Suisse Group dropped their target price on shares of Kohl’s from $51.00 to $48.00 in a report on Wednesday. Finally, Goldman Sachs Group downgraded shares of Kohl’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $56.00 to $48.00 in a report on Wednesday. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. Kohl’s presently has an average rating of “Hold” and a consensus target price of $56.47.

Shares of Kohl’s stock traded up $0.54 during midday trading on Wednesday, reaching $47.56. 170,727 shares of the company’s stock traded hands, compared to its average volume of 3,127,737. The company has a market cap of $9.40 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. The company’s 50 day simple moving average is $52.50 and its 200 day simple moving average is $51.48. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.36 and a current ratio of 1.65. Kohl’s has a 52 week low of $43.33 and a 52 week high of $75.91.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, November 19th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.12). The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.40 billion. Kohl’s had a net margin of 3.69% and a return on equity of 15.94%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 EPS. As a group, equities research analysts predict that Kohl’s will post 5.23 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. OLD National Bancorp IN grew its position in Kohl’s by 15.6% in the 2nd quarter. OLD National Bancorp IN now owns 56,130 shares of the company’s stock worth $2,669,000 after purchasing an additional 7,592 shares during the last quarter. Annex Advisory Services LLC boosted its position in shares of Kohl’s by 34.0% during the 2nd quarter. Annex Advisory Services LLC now owns 41,257 shares of the company’s stock valued at $1,961,000 after acquiring an additional 10,469 shares in the last quarter. Corient Capital Partners LLC boosted its position in shares of Kohl’s by 8.2% during the 2nd quarter. Corient Capital Partners LLC now owns 28,848 shares of the company’s stock valued at $1,372,000 after acquiring an additional 2,177 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in shares of Kohl’s by 73.9% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 119,206 shares of the company’s stock valued at $5,668,000 after acquiring an additional 50,676 shares in the last quarter. Finally, Hourglass Capital LLC boosted its position in shares of Kohl’s by 15.8% during the 2nd quarter. Hourglass Capital LLC now owns 5,120 shares of the company’s stock valued at $243,000 after acquiring an additional 700 shares in the last quarter. Institutional investors own 96.32% of the company’s stock.

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.

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Analyst Recommendations for Kohl`s (NYSE:KSS)

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