Kohl’s (NYSE:KSS) Reaches New 52-Week Low After Analyst Downgrade

Kohl’s Co. (NYSE:KSS) reached a new 52-week low on Wednesday after Telsey Advisory Group lowered their price target on the stock from $17.00 to $13.00. Telsey Advisory Group currently has a market perform rating on the stock. Kohl’s traded as low as $10.91 and last traded at $11.36, with a volume of 9041826 shares traded. The stock had previously closed at $11.33.

A number of other research firms have also weighed in on KSS. Robert W. Baird lowered Kohl’s from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $18.00 in a research note on Wednesday, November 27th. Morgan Stanley decreased their price target on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, November 25th. Jefferies Financial Group decreased their price target on Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Finally, Citigroup decreased their price target on Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.84.

Insider Activity

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the transaction, the executive vice president now owns 133,091 shares in the company, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd increased its holdings in shares of Kohl’s by 151.8% in the 3rd quarter. Quadrature Capital Ltd now owns 66,744 shares of the company’s stock valued at $1,408,000 after acquiring an additional 40,238 shares during the last quarter. Hussman Strategic Advisors Inc. increased its holdings in shares of Kohl’s by 66.7% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company’s stock valued at $1,474,000 after acquiring an additional 42,000 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Kohl’s by 149.3% in the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after acquiring an additional 9,925,878 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Kohl’s by 15.3% in the 4th quarter. Empowered Funds LLC now owns 451,510 shares of the company’s stock valued at $6,339,000 after acquiring an additional 59,979 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of Kohl’s by 3.3% in the 4th quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company’s stock valued at $51,190,000 after purchasing an additional 117,819 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Down 1.1 %

The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 5.06 and a beta of 1.85. 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 business has a 50-day moving average of $12.75 and a 200-day moving average of $16.23.

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.