Kohl’s (NYSE:KSS) Stock Rating Upgraded by Zacks Research

Kohl’s (NYSE:KSS) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

KSS has been the topic of several other research reports. Evercore ISI increased their price target on Kohl’s from $13.00 to $21.00 and gave the company an “in-line” rating in a report on Tuesday, November 25th. The Goldman Sachs Group raised their target price on shares of Kohl’s from $11.00 to $15.00 and gave the stock a “sell” rating in a report on Wednesday, November 26th. Citigroup lifted their price target on shares of Kohl’s from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Jefferies Financial Group increased their price objective on shares of Kohl’s from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, November 25th. Finally, Morgan Stanley raised their price objective on shares of Kohl’s from $5.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $15.18.

Kohl’s Price Performance

Shares of NYSE:KSS traded down $0.60 during mid-day trading on Monday, reaching $24.11. The stock had a trading volume of 1,662,538 shares, compared to its average volume of 9,737,338. The business’s 50 day moving average price is $17.14 and its 200 day moving average price is $13.47. Kohl’s has a 1 year low of $6.04 and a 1 year high of $25.22. The company has a market cap of $2.70 billion, a P/E ratio of 14.01 and a beta of 1.45. The company has a current ratio of 1.30, a quick ratio of 0.12 and a debt-to-equity ratio of 0.99.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.29. Kohl’s had a net margin of 1.23% and a return on equity of 4.30%. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the business posted $0.20 earnings per share. Kohl’s’s quarterly revenue was down 3.6% on a year-over-year basis. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. Research analysts expect that Kohl’s will post 1.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Kohl’s

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Kohl’s by 3,123.1% during the third quarter. JPMorgan Chase & Co. now owns 2,011,182 shares of the company’s stock valued at $30,912,000 after buying an additional 1,948,783 shares during the period. Alyeska Investment Group L.P. bought a new position in Kohl’s during the 1st quarter worth about $11,650,000. Hancock Whitney Corp bought a new position in Kohl’s during the 3rd quarter worth about $17,125,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Kohl’s during the 1st quarter valued at about $7,818,000. Finally, AQR Capital Management LLC raised its holdings in shares of Kohl’s by 88.1% in the 1st quarter. AQR Capital Management LLC now owns 1,774,244 shares of the company’s stock valued at $14,513,000 after purchasing an additional 831,055 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

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.