Finally Time To Cut Your Stake? Citigroup Downgrades Kohl’s (NYSE:KSS) Shares

June 14, 2018 - By Christine McCrea

Kohl's Corporation (NYSE:KSS) Logo

Investors sentiment decreased to 0.84 in Q1 2018. Its down 0.22, from 1.06 in 2017Q4. It worsened, as 54 investors sold Kohl's Corporation shares while 193 reduced holdings. 75 funds opened positions while 133 raised stakes. 167.86 million shares or 1.29% more from 165.73 million shares in 2017Q4 were reported.

Pinebridge Invs Limited Partnership owns 19,615 shares. Dnb Asset Mngmt As reported 18,759 shares stake. 5,980 are owned by Credit Agricole S A. Federated Investors Incorporated Pa has 263,396 shares for 0.05% of their portfolio. Natl Asset Mgmt Incorporated has invested 0.1% of its portfolio in Kohl's Corporation (NYSE:KSS). Amp Cap holds 0.06% or 163,249 shares. Adage Cap Prtn Grp Limited Liability reported 223,263 shares or 0.03% of all its holdings. Nuveen Asset Mngmt Lc holds 246,921 shares. Srb Corp reported 3,198 shares stake. Hightower Advsr Lc owns 0% invested in Kohl's Corporation (NYSE:KSS) for 4,567 shares. Washington Trust Retail Bank invested in 1,652 shares. Diligent Invsts Llc reported 0.13% stake. National Bank Of New York Mellon Corp, a New York-based fund reported 5.15M shares. Point72 Asset Management Ltd Partnership holds 69,100 shares. Piedmont Invest Advsr Limited Liability Com accumulated 83,682 shares or 0.15% of the stock.

Since March 6, 2018, it had 0 buys, and 11 selling transactions for $22.55 million activity. Shares for $2.81M were sold by SCHEPP RICHARD D. $379,133 worth of Kohl's Corporation (NYSE:KSS) was sold by BURD STEVEN A. The insider WATSON STEPHEN E sold $272,956. The insider BONEPARTH PETER sold 7,500 shares worth $496,350.

Kohl’s (NYSE:KSS) Receives a Downgrade

In an analyst note issued to clients and investors on Thursday morning, Citigroup announced that they will be downgrading shares of Kohl’s (NYSE:KSS) from a “Buy” to a “Neutral” rating.

Kohl's Corporation (NYSE:KSS) Ratings Coverage

Among 18 analysts covering Kohl’s Corp (NYSE:KSS), 8 have Buy rating, 2 Sell and 8 Hold. Therefore 44% are positive. Kohl’s Corp has $100.0 highest and $41 lowest target. $69.50’s average target is -4.99% below currents $73.15 stock price. Kohl’s Corp had 39 analyst reports since December 18, 2017 according to SRatingsIntel. Robert W. Baird maintained Kohl's Corporation (NYSE:KSS) on Thursday, December 21 with “Buy” rating. As per Friday, March 9, the company rating was upgraded by Robert W. Baird. The stock of Kohl's Corporation (NYSE:KSS) earned “Hold” rating by Susquehanna on Tuesday, January 23. J.P. Morgan upgraded the shares of KSS in report on Friday, January 12 to “Buy” rating. The stock of Kohl's Corporation (NYSE:KSS) earned “Hold” rating by Cowen & Co on Thursday, March 1. The firm earned “Hold” rating on Wednesday, January 10 by Piper Jaffray. As per Thursday, June 7, the company rating was maintained by Credit Suisse. The stock of Kohl's Corporation (NYSE:KSS) has “Buy” rating given on Friday, June 8 by Robert W. Baird. As per Monday, April 9, the company rating was maintained by Cowen & Co. As per Monday, May 21, the company rating was maintained by Telsey Advisory.

The stock decreased 3.39% or $2.57 during the last trading session, reaching $73.15. About 5.34 million shares traded or 27.19% up from the average. Kohl's Corporation (NYSE:KSS) has risen 67.94% since June 14, 2017 and is uptrending. It has outperformed by 55.37% the S&P500.

Analysts await Kohl's Corporation (NYSE:KSS) to report earnings on August, 9. They expect $1.61 earnings per share, up 29.84 % or $0.37 from last year’s $1.24 per share. KSS’s profit will be $269.02M for 11.36 P/E if the $1.61 EPS becomes a reality. After $0.64 actual earnings per share reported by Kohl's Corporation for the previous quarter, Wall Street now forecasts 151.56 % EPS growth.

Kohl's Corporation operates department stores in the United States. The company has market cap of $12.22 billion. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. It has a 14.29 P/E ratio. The firm also sells its products online through Website Kohls.com.

More notable recent Kohl's Corporation (NYSE:KSS) news were published by: Schaeffersresearch.com which released: “Kohl’s Stock Pumps The Brakes After Bear Note” on June 14, 2018, also 247Wallst.com with their article: “Retail Sales Are On Fire – 5 Top Stocks To Buy Now” published on June 14, 2018, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” on June 14, 2018. More interesting news about Kohl's Corporation (NYSE:KSS) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “Kohl’s: Harsh Reaction” with publication date: May 24, 2018.

Kohl's Corporation (NYSE:KSS) Institutional Positions Chart

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