In a report released today, Robert Drbul from Guggenheim reiterated a Buy rating on Kohl’s Corp (KSS), with a price target of $60. The company’s shares closed last Monday at $45.45, close to its 52-week low of $43.33.
Drbul commented:
“We are reducing our 2019E/2020E EPS to reflect lower sales/more pronounced gross margin contraction and our PT to $60 from $70 (lower multiple/estimates).”
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 6.3% and a 60.6% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kohl’s Corp with a $57.55 average price target, implying a 20.8% upside from current levels. In a report issued on August 13, Robert W. Baird also maintained a Buy rating on the stock with a $65 price target.
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The company has a one-year high of $83.28 and a one-year low of $43.33. Currently, Kohl’s Corp has an average volume of 4.92M.
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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.
