Citigroup Lowers Kohl's (NYSE:KSS) Price Target to $8.00

Kohl's (NYSE:KSS - Get Free Report) had its price objective cut by investment analysts at Citigroup from $11.00 to $8.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price target suggests a potential downside of 5.27% from the company's previous close.

Several other equities research analysts have also commented on the stock. Gordon Haskett lowered shares of Kohl's from a "hold" rating to a "reduce" rating and set a $11.00 target price on the stock. in a research report on Tuesday, November 26th. Robert W. Baird dropped their target price on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Jefferies Financial Group dropped their target price on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. TD Cowen decreased their price target on Kohl's from $20.00 to $16.00 and set a "hold" rating for the company in a report on Wednesday, November 27th. Finally, Bank of America decreased their price target on Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Six investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $12.10.

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Kohl's Stock Performance

Shares of Kohl's stock traded up $0.03 during trading on Monday, reaching $8.45. The company's stock had a trading volume of 2,756,244 shares, compared to its average volume of 7,499,475. The company has a 50-day moving average price of $11.81 and a two-hundred day moving average price of $15.50. Kohl's has a fifty-two week low of $7.96 and a fifty-two week high of $29.60. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The firm has a market cap of $940.08 million, a PE ratio of 3.81 and a beta of 1.92.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $5.25 billion. During the same period last year, the firm posted $1.67 EPS. Kohl's's quarterly revenue was down 9.4% on a year-over-year basis. On average, analysts forecast that Kohl's will post 1.3 EPS for the current year.

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the transaction, the executive vice president now owns 133,091 shares of the company's stock, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.86% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KSS. SBI Securities Co. Ltd. acquired a new position in shares of Kohl's in the 4th quarter valued at about $26,000. Brown Brothers Harriman & Co. increased its holdings in shares of Kohl's by 183.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company's stock valued at $30,000 after purchasing an additional 917 shares during the period. Bogart Wealth LLC acquired a new position in shares of Kohl's in the 4th quarter valued at about $35,000. State of Wyoming acquired a new position in shares of Kohl's in the 4th quarter valued at about $35,000. Finally, Quest Partners LLC acquired a new position in shares of Kohl's in the 3rd quarter valued at about $60,000. Institutional investors own 98.04% of the company's stock.

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.