Kohl’s (NYSE:KSS) Raised to Buy at Gordon Haskett

Kohl’s (NYSE:KSS) was upgraded by investment analysts at Gordon Haskett from an “accumulate” rating to a “buy” rating in a note issued to investors on Tuesday, MarketBeat reports.

A number of other research analysts have also issued reports on the stock. Morgan Stanley raised their price objective on shares of Kohl’s from $5.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, September 18th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price target (up from $16.00) on shares of Kohl’s in a research report on Tuesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kohl’s in a report on Wednesday, October 8th. Cowen restated a “hold” rating on shares of Kohl’s in a report on Thursday, August 28th. Finally, Robert W. Baird raised their target price on Kohl’s from $9.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $15.18.

Kohl’s Trading Up 7.5%

NYSE KSS opened at $24.11 on Tuesday. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 13.03 and a beta of 1.78. Kohl’s has a twelve month low of $6.04 and a twelve month high of $24.91. The company has a quick ratio of 0.19, a current ratio of 1.36 and a debt-to-equity ratio of 1.00. The business’s fifty day moving average is $16.56 and its 200 day moving average is $12.97.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.29. Kohl’s had a return on equity of 4.62% and a net margin of 1.31%.The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the prior year, the firm earned $0.20 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. As a group, sell-side analysts expect that Kohl’s will post 1.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. National Bank of Canada FI acquired a new position in shares of Kohl’s in the 1st quarter valued at about $25,000. Smartleaf Asset Management LLC increased its holdings in Kohl’s by 161.8% in the first quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company’s stock worth $26,000 after purchasing an additional 1,887 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Kohl’s in the third quarter valued at approximately $28,000. Caldwell Trust Co bought a new position in shares of Kohl’s during the 3rd quarter worth approximately $33,000. Finally, CWM LLC grew its position in shares of Kohl’s by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company’s stock worth $34,000 after buying an additional 1,386 shares during the period. 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.