Zacks Investment Research Downgrades Kohl’s (KSS) to Sell

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Kohl’s (NYSE:KSS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Kohl's shares have lagged the industry in the past three months. Pressure on the stock increased after it posted dismal first-quarter fiscal 2019 results, wherein both top and bottom lines fell year over year and missed the Zacks Consensus Estimate. Notably, this marked Kohl’s first earnings and revenue miss in a long time. Comps also broke the strong trend owing to adverse weather condition, weak home category sales and not so productive promotions amid intense competition. The company expects the softness to continue in the second quarter. These hurdles and expected tariff impacts compelled management to slash its outlook. Nonetheless, Kohl’s is on track to improve sales in the second half of the fiscal on the back of the Amazon Returns program and other sales-driving endeavors. Also, the company’s inventory management efforts should cushion gross margin.”

KSS has been the subject of several other research reports. ValuEngine cut shares of Kohl’s from a “hold” rating to a “sell” rating in a research report on Wednesday. Morgan Stanley lowered their price target on shares of Kohl’s from $58.00 to $50.00 and set an “underweight” rating for the company in a research report on Thursday. Robert W. Baird lowered their price target on shares of Kohl’s from $80.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday. Wedbush lowered their price target on shares of Kohl’s from $65.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Deutsche Bank lowered their price target on shares of Kohl’s from $71.00 to $59.00 and set a “hold” rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $71.97.

Kohl’s stock opened at $51.12 on Friday. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 1.07 and a beta of 0.77. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.66 and a quick ratio of 0.50. Kohl’s has a 1 year low of $53.01 and a 1 year high of $83.28.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, May 21st. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.06). Kohl’s had a return on equity of 16.74% and a net margin of 3.91%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the company posted $0.64 EPS. Kohl’s’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, research analysts expect that Kohl’s will post 5.3 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of KSS. Vanguard Group Inc raised its stake in shares of Kohl’s by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 18,645,902 shares of the company’s stock worth $1,390,053,000 after acquiring an additional 47,724 shares in the last quarter. Strs Ohio raised its stake in shares of Kohl’s by 348.7% during the 4th quarter. Strs Ohio now owns 30,866 shares of the company’s stock worth $2,047,000 after acquiring an additional 23,987 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Kohl’s by 83.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 38,073 shares of the company’s stock worth $2,526,000 after acquiring an additional 17,311 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of Kohl’s by 5.2% during the 4th quarter. IFM Investors Pty Ltd now owns 10,204 shares of the company’s stock worth $677,000 after acquiring an additional 502 shares in the last quarter. Finally, Manning & Napier Group LLC raised its stake in shares of Kohl’s by 16.6% during the 4th quarter. Manning & Napier Group LLC now owns 44,039 shares of the company’s stock worth $2,921,000 after acquiring an additional 6,256 shares in the last quarter.

Kohl’s Company Profile

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.

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