Goldman Sachs Group Cuts Kohl’s (NYSE:KSS) Price Target to $48.00

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Kohl’s (NYSE:KSS) had its target price reduced by Goldman Sachs Group from $56.00 to $48.00 in a report published on Wednesday, November 27th, Benzinga reports.

Several other equities research analysts have also recently weighed in on the stock. Deutsche Bank reaffirmed a hold rating and issued a $52.00 price target (down previously from $58.00) on shares of Kohl’s in a research report on Wednesday, August 21st. Morgan Stanley upped their price target on shares of Kohl’s from $50.00 to $51.00 and gave the stock an underweight rating in a research report on Thursday, August 22nd. Robert W. Baird reduced their price objective on shares of Kohl’s from $65.00 to $58.00 and set a positive rating for the company in a research note on Wednesday, November 20th. They noted that the move was a valuation call. Gordon Haskett lowered shares of Kohl’s from an accumulate rating to a hold rating in a research note on Tuesday, November 19th. Finally, Guggenheim reiterated a buy rating and set a $60.00 price objective (down previously from $70.00) on shares of Kohl’s in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. Kohl’s presently has a consensus rating of Hold and a consensus price target of $54.44.

Shares of KSS stock traded up $0.31 during trading hours on Wednesday, reaching $46.25. 3,547,746 shares of the stock were exchanged, compared to its average volume of 4,035,358. Kohl’s has a 12-month low of $43.33 and a 12-month high of $75.91. The company has a current ratio of 1.42, a quick ratio of 0.22 and a debt-to-equity ratio of 1.09. The company’s 50-day moving average price is $52.06 and its 200-day moving average price is $50.05. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 0.97 and a beta of 1.01.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, November 19th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.12). Kohl’s had a net margin of 3.50% and a return on equity of 15.19%. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same period last year, the firm earned $0.98 earnings per share. Kohl’s’s quarterly revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts expect that Kohl’s will post 4.84 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date of this dividend is Tuesday, December 10th. Kohl’s’s dividend payout ratio (DPR) is presently 47.86%.

A number of hedge funds and other institutional investors have recently made changes to their positions in KSS. Nuveen Asset Management LLC boosted its holdings in Kohl’s by 582.0% during the second quarter. Nuveen Asset Management LLC now owns 2,865,250 shares of the company’s stock worth $136,243,000 after buying an additional 2,445,155 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Kohl’s by 13.5% during the second quarter. JPMorgan Chase & Co. now owns 7,977,774 shares of the company’s stock valued at $373,520,000 after purchasing an additional 949,985 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Kohl’s by 21.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,574,025 shares of the company’s stock valued at $217,495,000 after purchasing an additional 808,197 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Kohl’s by 1,843.1% during the third quarter. Squarepoint Ops LLC now owns 765,697 shares of the company’s stock valued at $38,025,000 after purchasing an additional 726,291 shares in the last quarter. Finally, Steadfast Capital Management LP purchased a new position in Kohl’s during the second quarter valued at $28,300,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Kohl’s Company Profile

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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