Kohl’s Co. (NYSE:KSS) – Jefferies Financial Group decreased their FY2021 earnings per share (EPS) estimates for shares of Kohl’s in a report released on Monday, January 6th, Zacks Investment Research reports. Jefferies Financial Group analyst R. Konik now anticipates that the company will post earnings of $4.87 per share for the year, down from their prior forecast of $5.25. Jefferies Financial Group has a “Hold” rating and a $52.00 price target on the stock.
Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, November 19th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.12). The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.40 billion. Kohl’s had a net margin of 3.50% and a return on equity of 15.19%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS.
Other equities analysts have also recently issued research reports about the company. Telsey Advisory Group dropped their target price on Kohl’s from $48.00 to $45.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. UBS Group boosted their target price on Kohl’s from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Robert W. Baird lowered their price target on Kohl’s from $65.00 to $58.00 and set a “positive” rating on the stock in a report on Wednesday, November 20th. They noted that the move was a valuation call. Morgan Stanley lowered their price target on Kohl’s from $42.00 to $41.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Finally, Goldman Sachs Group lowered their price target on Kohl’s from $56.00 to $48.00 in a report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.63.
NYSE KSS traded down $1.81 on Wednesday, hitting $42.75. 3,974,157 shares of the company’s stock were exchanged, compared to its average volume of 3,688,110. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.42 and a quick ratio of 0.22. The firm’s 50-day moving average price is $48.34 and its two-hundred day moving average price is $49.54. Kohl’s has a fifty-two week low of $42.50 and a fifty-two week high of $75.91. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 0.94 and a beta of 1.04.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KSS. Trustcore Financial Services LLC bought a new stake in Kohl’s during the third quarter worth approximately $25,000. Point72 Hong Kong Ltd bought a new position in Kohl’s in the 2nd quarter valued at about $26,000. Institute for Wealth Management LLC. bought a new position in Kohl’s in the 4th quarter valued at about $27,000. FNY Investment Advisers LLC bought a new position in Kohl’s in the 4th quarter valued at about $32,000. Finally, TRUE Private Wealth Advisors bought a new position in Kohl’s in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 95.84% of the company’s stock.
About Kohl’s
Kohl’s Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.