Kohl’s (KSS) Rating Lowered to Neutral at JPMorgan Chase & Co.

Kohl’s (NYSE:KSS) was downgraded by equities research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Tuesday, The Fly reports.

A number of other brokerages also recently issued reports on KSS. Jefferies Financial Group cut their price objective on Kohl’s from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday. Zacks Investment Research downgraded Kohl’s from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Atlantic Securities raised Kohl’s from an “underweight” rating to a “neutral” rating and set a $71.50 price objective for the company in a research report on Wednesday, March 6th. Guggenheim reissued a “buy” rating and set a $80.00 price objective on shares of Kohl’s in a research report on Tuesday, March 5th. Finally, Bank of America reissued a “buy” rating and set a $80.00 price objective on shares of Kohl’s in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $76.61.

Shares of NYSE KSS traded down $7.78 during trading on Tuesday, hitting $55.13. 25,578,861 shares of the company were exchanged, compared to its average volume of 3,489,389. Kohl’s has a 12-month low of $58.66 and a 12-month high of $83.28. The company has a quick ratio of 0.50, a current ratio of 1.77 and a debt-to-equity ratio of 0.61. The firm has a market cap of $10.38 billion, a PE ratio of 9.84, a P/E/G ratio of 1.08 and a beta of 0.77.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, May 21st. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.06). Kohl’s had a return on equity of 16.97% and a net margin of 3.95%. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The firm’s revenue was down 3.3% on a year-over-year basis. Research analysts expect that Kohl’s will post 6.03 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KSS. Vanguard Group Inc grew its position in shares of Kohl’s by 0.3% during the third quarter. Vanguard Group Inc now owns 18,645,902 shares of the company’s stock worth $1,390,053,000 after buying an additional 47,724 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Kohl’s by 5,066.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,708,774 shares of the company’s stock worth $116,000 after buying an additional 7,559,552 shares during the last quarter. Northern Trust Corp lifted its position in shares of Kohl’s by 13.1% in the fourth quarter. Northern Trust Corp now owns 5,193,974 shares of the company’s stock worth $344,568,000 after buying an additional 599,961 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Kohl’s by 22.7% in the first quarter. Renaissance Technologies LLC now owns 4,839,144 shares of the company’s stock worth $332,788,000 after buying an additional 896,282 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Kohl’s by 0.4% in the first quarter. Wells Fargo & Company MN now owns 3,293,372 shares of the company’s stock worth $226,483,000 after buying an additional 13,559 shares during the last quarter.

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.

Featured Story: Price-Sales Ratio

The Fly

Analyst Recommendations for Kohl`s (NYSE:KSS)

Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.