Robert W. Baird Lowers Kohl’s (NYSE:KSS) Price Target to $8.00

Kohl’s (NYSE:KSS) had its price objective lowered by stock analysts at Robert W. Baird from $9.00 to $8.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 6.38% from the company’s current price.

Several other equities analysts also recently weighed in on KSS. JPMorgan Chase & Co. dropped their target price on Kohl’s from $9.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday, April 14th. Jefferies Financial Group dropped their price objective on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Bank of America reduced their target price on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Telsey Advisory Group cut their price objective on Kohl’s from $10.00 to $9.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, Barclays assumed coverage on Kohl’s in a report on Monday, April 28th. They issued an “underweight” rating and a $4.00 target price for the company. Seven investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, Kohl’s presently has a consensus rating of “Hold” and an average target price of $9.54.

Kohl’s Trading Up 4.3 %

Shares of KSS stock opened at $7.52 on Friday. The company has a 50-day moving average of $8.28 and a two-hundred day moving average of $12.69. The firm has a market cap of $837.16 million, a PE ratio of 3.39 and a beta of 1.65. Kohl’s has a 1-year low of $6.04 and a 1-year high of $28.25. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

Kohl’s (NYSE:KSS) last posted 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 during the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter last year, the firm earned $1.67 EPS. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. On average, analysts predict that Kohl’s will post 1.3 EPS for the current year.

Hedge Funds Weigh In On Kohl’s

Several hedge funds have recently added to or reduced their stakes in KSS. Independent Wealth Network Inc. boosted its holdings in shares of Kohl’s by 99.5% in the 1st quarter. Independent Wealth Network Inc. now owns 67,937 shares of the company’s stock valued at $556,000 after buying an additional 33,885 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Kohl’s by 52.7% in the first quarter. Victory Capital Management Inc. now owns 225,406 shares of the company’s stock valued at $1,844,000 after acquiring an additional 77,759 shares in the last quarter. CWM LLC grew its holdings in shares of Kohl’s by 49.7% during the first quarter. CWM LLC now owns 4,177 shares of the company’s stock worth $34,000 after purchasing an additional 1,386 shares during the last quarter. Allworth Financial LP increased its position in shares of Kohl’s by 5,814.2% during the first quarter. Allworth Financial LP now owns 9,581 shares of the company’s stock worth $78,000 after purchasing an additional 9,419 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Kohl’s by 178.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 41,800 shares of the company’s stock valued at $347,000 after purchasing an additional 26,800 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kohl’s Company Profile

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.