Kohl’s (NYSE:KSS) Given New $9.00 Price Target at JPMorgan Chase & Co.

Kohl’s (NYSE:KSS) had its price target reduced by JPMorgan Chase & Co. from $11.00 to $9.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 5.20% from the stock’s current price.

A number of other brokerages have also recently commented on KSS. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $13.00 target price on shares of Kohl’s in a report on Tuesday. Guggenheim cut Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. Morgan Stanley decreased their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday, November 25th. Jefferies Financial Group decreased their target price on Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Finally, Gordon Haskett cut Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price on the stock. in a report on Tuesday, November 26th. Six analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.56.

Kohl’s Stock Performance

KSS stock opened at $8.56 on Tuesday. The company has a market cap of $952.33 million, a P/E ratio of 3.85 and a beta of 1.92. Kohl’s has a 1 year low of $8.28 and a 1 year high of $29.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The stock’s fifty day moving average price is $12.47 and its 200-day moving average price is $15.95.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.23. The firm had revenue of $5.18 billion for 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%. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same period last year, the business posted $1.67 EPS. On average, equities analysts forecast that Kohl’s will post 1.3 earnings per share for the current year.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s 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 sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

Several large investors have recently made changes to their positions in KSS. SBI Securities Co. Ltd. bought a new stake in shares of Kohl’s in the fourth quarter worth about $26,000. Brown Brothers Harriman & Co. increased its holdings in shares of Kohl’s by 183.8% in the third 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 shares of Kohl’s in the fourth quarter worth about $35,000. State of Wyoming purchased a new position in Kohl’s in the fourth quarter worth about $35,000. Finally, Farther Finance Advisors LLC grew its position in Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after acquiring an additional 1,034 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

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.