The Goldman Sachs Group Has Lowered Expectations for Kohl's (NYSE:KSS) Stock Price

Kohl's (NYSE:KSS - Get Free Report) had its target price reduced by equities research analysts at The Goldman Sachs Group from $13.00 to $11.25 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "sell" rating on the stock. The Goldman Sachs Group's target price indicates a potential downside of 0.75% from the company's current price.

Several other research firms have also issued reports on KSS. Morgan Stanley cut their price target on shares of Kohl's from $17.00 to $15.00 and set an "underweight" rating for the company in a research report on Monday, November 25th. Baird R W downgraded shares of Kohl's from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Robert W. Baird cut shares of Kohl's from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $25.00 to $18.00 in a research report on Wednesday, November 27th. Citigroup lowered their price objective 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. Finally, Gordon Haskett lowered shares of Kohl's from a "hold" rating to a "reduce" rating and set a $11.00 target price for the company. in a report on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $15.84.

Kohl's Price Performance

NYSE:KSS traded down $0.04 during trading hours on Tuesday, hitting $11.34. 6,958,980 shares of the company's stock traded hands, compared to its average volume of 7,366,544. Kohl's has a 52 week low of $10.91 and a 52 week high of $29.60. The business's fifty day simple moving average is $12.88 and its two-hundred day simple moving average is $16.30. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The firm has a market cap of $1.26 billion, a P/E ratio of 5.11 and a beta of 1.85.

Insider Buying and Selling

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl's stock in a transaction on 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 sale, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kohl's

A number of hedge funds and other institutional investors have recently made changes to their positions in KSS. SBI Securities Co. Ltd. purchased a new stake in Kohl's during the fourth quarter worth $26,000. Brown Brothers Harriman & Co. lifted its stake in shares of Kohl's by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company's stock worth $30,000 after purchasing an additional 917 shares during the last quarter. Bogart Wealth LLC bought a new stake in Kohl's during the fourth quarter valued at about $35,000. State of Wyoming purchased a new position in Kohl's in the fourth quarter valued at about $35,000. Finally, Farther Finance Advisors LLC grew its stake in Kohl's by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company's stock valued at $40,000 after purchasing an additional 1,034 shares during the last quarter. 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.