Kohl’s (NYSE:KSS) Receives “Market Perform” Rating from Telsey Advisory Group

Kohl’s (NYSE:KSS)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They currently have a $23.00 price objective on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 45.85% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. TD Cowen reiterated a “hold” rating on shares of Kohl’s in a research report on Wednesday, November 26th. BTIG Research reiterated a “neutral” rating on shares of Kohl’s in a report on Tuesday, November 25th. Citigroup dropped their price target on Kohl’s from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Robert W. Baird set a $24.00 price objective on Kohl’s in a research report on Wednesday, December 17th. Finally, Gordon Haskett raised Kohl’s from an “accumulate” rating to a “buy” rating in a report on Tuesday, November 25th. One equities 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $15.27.

Kohl’s Price Performance

NYSE KSS traded up $0.39 during trading on Wednesday, hitting $15.77. 1,960,884 shares of the company’s stock were exchanged, compared to its average volume of 3,594,037. The company has a market cap of $1.77 billion, a PE ratio of 9.17 and a beta of 1.42. 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 has a fifty-two week low of $6.04 and a fifty-two week high of $25.22. The stock’s 50 day moving average price is $18.91 and its two-hundred day moving average price is $18.06.

Insider Activity at Kohl’s

In other news, CFO Jill Timm sold 25,000 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $22.75, for a total value of $568,750.00. Following the sale, the chief financial officer directly owned 335,561 shares of the company’s stock, valued at approximately $7,634,012.75. This represents a 6.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kohl’s

A number of hedge funds have recently bought and sold shares of KSS. Baird Financial Group Inc. bought a new stake in Kohl’s during the first quarter valued at $96,000. Caxton Associates LLP acquired a new position in shares of Kohl’s in the 1st quarter valued at about $166,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Kohl’s by 14.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 489,708 shares of the company’s stock valued at $4,006,000 after purchasing an additional 60,769 shares in the last quarter. AlphaQuest LLC boosted its position in shares of Kohl’s by 25.0% during the 2nd quarter. AlphaQuest LLC now owns 16,198 shares of the company’s stock valued at $137,000 after purchasing an additional 3,241 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Kohl’s during the second quarter worth approximately $120,000. Institutional investors own 98.04% of the company’s stock.

About Kohl’s

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.