Telsey Advisory Group Reiterates “Market Perform” Rating for Kohl’s (NYSE:KSS)

Kohl’s (NYSE:KSS)‘s stock had its “market perform” rating reaffirmed by investment analysts at Telsey Advisory Group in a note issued to investors on Tuesday, MarketBeat.com reports. They presently have a $23.00 price target on the stock, up from their prior price target of $16.00. Telsey Advisory Group’s target price points to a potential downside of 4.59% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on KSS. Gordon Haskett raised shares of Kohl’s from a “hold” rating to an “accumulate” rating in a report on Wednesday, August 27th. UBS Group lifted their price target on Kohl’s from $4.00 to $4.50 and gave the stock a “sell” rating in a research note on Thursday, August 28th. Robert W. Baird upped their price objective on shares of Kohl’s from $9.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Barclays boosted their target price on Kohl’s from $5.00 to $8.00 and gave the company an “underweight” rating in a research note on Thursday, August 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of Kohl’s from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $15.18.

Kohl’s Stock Performance

Shares of KSS opened at $24.11 on Tuesday. Kohl’s has a 1 year low of $6.04 and a 1 year high of $24.91. The stock’s fifty day moving average price is $16.56 and its two-hundred day moving average price is $12.97. The firm has a market cap of $2.70 billion, a PE ratio of 13.03 and a beta of 1.78. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.36 and a quick ratio of 0.19.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.29. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.37 billion. Kohl’s had a net margin of 1.31% and a return on equity of 4.62%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business earned $0.20 earnings per share. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. On average, equities research analysts forecast that Kohl’s will post 1.3 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. purchased a new position in shares of Kohl’s during the third quarter valued at approximately $28,000. Caldwell Trust Co bought a new stake in shares of Kohl’s in the third quarter worth about $33,000. Future Financial Wealth Managment LLC raised its stake in Kohl’s by 400.0% during the third quarter. Future Financial Wealth Managment LLC now owns 2,500 shares of the company’s stock valued at $38,000 after purchasing an additional 2,000 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in Kohl’s during the third quarter valued at approximately $39,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Kohl’s by 3,855.1% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,729 shares of the company’s stock valued at $42,000 after acquiring an additional 2,660 shares during the period. 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.