The Goldman Sachs Group Issues Pessimistic Forecast for Kohl's (NYSE:KSS) Stock Price

Kohl's (NYSE:KSS - Get Free Report) had its target price cut by The Goldman Sachs Group from $7.50 to $4.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's target price would suggest a potential downside of 42.40% from the company's previous close.

A number of other analysts have also issued reports on the stock. Citigroup decreased their target price on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Robert W. Baird reduced their target price on Kohl's from $18.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $10.00 price objective on shares of Kohl's in a research note on Tuesday, April 1st. Jefferies Financial Group lowered their target price on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kohl's from $9.00 to $7.00 and set an "underweight" rating on the stock in a report on Monday, April 14th. Six equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $11.15.

Kohl's Price Performance

KSS traded down $0.08 during midday trading on Tuesday, reaching $6.95. 2,421,187 shares of the company's stock were exchanged, compared to its average volume of 8,350,489. The business's 50-day moving average price is $9.17 and its 200 day moving average price is $13.42. The stock has a market capitalization of $773.15 million, a PE ratio of 3.13 and a beta of 1.65. Kohl's has a 1-year low of $6.04 and a 1-year high of $28.25. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.23. The company 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 quarter last year, the business posted $1.67 earnings per share. As a group, equities analysts anticipate that Kohl's will post 1.3 EPS for the current fiscal year.

Institutional Trading of Kohl's

Hedge funds have recently made changes to their positions in the company. Silverleafe Capital Partners LLC increased its stake in Kohl's by 300.0% during the 1st quarter. Silverleafe Capital Partners LLC now owns 40,000 shares of the company's stock worth $327,000 after buying an additional 30,000 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Kohl's by 15.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,561 shares of the company's stock worth $168,000 after acquiring an additional 2,759 shares in the last quarter. SG Americas Securities LLC grew its stake in Kohl's by 109.1% during the 1st quarter. SG Americas Securities LLC now owns 143,952 shares of the company's stock valued at $1,178,000 after purchasing an additional 75,114 shares in the last quarter. GAMMA Investing LLC increased its holdings in Kohl's by 360.2% during the 1st quarter. GAMMA Investing LLC now owns 6,456 shares of the company's stock worth $53,000 after purchasing an additional 5,053 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake in shares of Kohl's by 3.5% during the 1st quarter. Yousif Capital Management LLC now owns 59,319 shares of the company's stock valued at $485,000 after buying an additional 2,012 shares during the last quarter. 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.

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