Guggenheim analyst Robert Drbul maintained a Buy rating on Kohl’s Corp (KSS) today and set a price target of $70. The company’s shares opened today at $55.27, close to its 52-week low of $54.15.
Drbul noted:
“We are re-calibrating our model to incorporate 1Q, KSS’ new partnership with AMZN, and our expectations for comps to remain pressured in 2Q. We remain BUY-rated but lower our PT to $70 from $80. We would use today’s weakness (-11% vs. S&P500 +1%) as an incremental opportunity to accumulate shares given our belief that management has the playbook to drive healthy, long-term growth.”
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 10.1% and a 65.8% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Ascena Retail Group, and Ralph Lauren Corp.
Currently, the analyst consensus on Kohl’s Corp is a Moderate Buy with an average price target of $76.17.
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Kohl’s Corp’s market cap is currently $10.25B and has a P/E ratio of 12.96. The company has a Price to Book ratio of 1.86.
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Kohl’s Corp. owns and operates family-oriented department stores. It offers exclusive brand apparel, shoes, accessories and home & beauty products through its department stores. Its stores offer apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows and house wares targeted to middle-income customers.
