Kohl’s’ (KSS) Market Perform Rating Reaffirmed at Telsey Advisory Group

Kohl’s (NYSE:KSS)‘s stock had its “market perform” rating reissued by investment analysts at Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They currently have a $23.00 price target on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 45.85% from the company’s previous close.

A number of other analysts have also commented on KSS. Zacks Research lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Wall Street Zen cut shares of Kohl’s from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Robert W. Baird set a $24.00 price objective on Kohl’s in a report on Wednesday, December 17th. UBS Group lifted their target price on Kohl’s from $4.50 to $7.00 and gave the company a “sell” rating in a research report on Wednesday, November 26th. Finally, BTIG Research reissued a “neutral” rating on shares of Kohl’s in a research report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $15.27.

Kohl’s Stock Up 2.5%

KSS stock traded up $0.39 during trading hours on Wednesday, reaching $15.77. 1,960,884 shares of the stock were exchanged, compared to its average volume of 3,594,037. The firm’s 50-day moving average is $18.91 and its 200-day moving average is $18.06. Kohl’s has a 12 month low of $6.04 and a 12 month high of $25.22. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 9.17 and a beta of 1.42. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.30 and a quick ratio of 0.12.

Insiders Place Their Bets

In other Kohl’s news, CFO Jill Timm sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief financial officer owned 325,561 shares of the company’s stock, valued at $7,813,464. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of Kohl’s by 233.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,666 shares of the company’s stock valued at $34,000 after buying an additional 1,167 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Kohl’s during the third quarter valued at approximately $28,000. IFP Advisors Inc raised its position in Kohl’s by 3,777.6% during the third quarter. IFP Advisors Inc now owns 1,900 shares of the company’s stock valued at $31,000 after purchasing an additional 1,851 shares in the last quarter. Plato Investment Management Ltd bought a new stake in Kohl’s during the fourth quarter worth $42,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Kohl’s by 164.7% in the 4th quarter. Hantz Financial Services Inc. now owns 2,102 shares of the company’s stock valued at $43,000 after purchasing an additional 1,308 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Company Profile

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.