JPMorgan Chase & Co. Has Lowered Expectations for Kohl's (NYSE:KSS) Stock Price

Kohl's (NYSE:KSS - Get Free Report) had its price objective reduced by research analysts at JPMorgan Chase & Co. from $11.00 to $9.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 0.78% from the stock's previous close.

Several other analysts have also recently commented on KSS. Guggenheim downgraded shares of Kohl's from a "buy" rating to a "neutral" rating in a research report on Monday, December 2nd. Citigroup decreased their target price on shares of Kohl's from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Wednesday, November 27th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $13.00 price target on shares of Kohl's in a research note on Tuesday. Jefferies Financial Group reduced their price objective on Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Finally, TD Cowen dropped their target price on Kohl's from $20.00 to $16.00 and set a "hold" rating on the stock in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $14.93.

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Kohl's Price Performance

Shares of KSS stock traded down $3.12 during mid-day trading on Tuesday, hitting $8.93. 26,004,981 shares of the stock traded hands, compared to its average volume of 8,138,842. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The company's 50-day simple moving average is $12.67 and its 200-day simple moving average is $16.08. Kohl's has a twelve month low of $9.09 and a twelve month high of $29.60. The firm has a market cap of $994.07 million, a price-to-earnings ratio of 4.04 and a beta of 1.92.

Kohl's (NYSE:KSS - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.72 by $0.23. The business had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.25 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. Kohl's's revenue was down 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 earnings per share. As a group, equities research analysts expect that Kohl's will post 1.3 earnings per share for the current year.

Insider Buying and Selling

In other Kohl's news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the sale, the executive vice president now owns 133,091 shares in the company, valued at $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by insiders.

Institutional Trading of Kohl's

Several institutional investors have recently bought and sold shares of the stock. US Bancorp DE boosted its stake in Kohl's by 15.0% in the third quarter. US Bancorp DE now owns 15,239 shares of the company's stock worth $322,000 after purchasing an additional 1,987 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Kohl's by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company's stock worth $40,000 after buying an additional 1,034 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in Kohl's by 11.7% during the 3rd quarter. Axxcess Wealth Management LLC now owns 18,115 shares of the company's stock worth $382,000 after acquiring an additional 1,898 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Kohl's by 46.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 99,828 shares of the company's stock valued at $2,106,000 after buying an additional 31,577 shares during the period. Finally, Entropy Technologies LP grew its stake in Kohl's by 511.0% in the third quarter. Entropy Technologies LP now owns 64,691 shares of the company's stock valued at $1,365,000 after acquiring an additional 54,103 shares during the period. Institutional investors and hedge funds 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.

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