On Nov 27, major Wall Street analysts update their ratings for $Kohl's Corp (KSS.US)$, with price targets ranging from $11 to $25.
J.P. Morgan analyst Matthew Boss maintains with a sell rating, and adjusts the target price from $17 to $13.
BofA Securities analyst Lorraine Hutchinson maintains with a sell rating, and adjusts the target price from $18 to $15.
Guggenheim analyst Robert Drbul maintains with a buy rating, and adjusts the target price from $38 to $25.
Baird analyst Mark Altschwager downgrades to a hold rating, and adjusts the target price from $25 to $18.
Telsey Advisory analyst Dana Telsey maintains with a hold rating, and maintains the target price at $23.
Furthermore, according to the comprehensive report, the opinions of $Kohl's Corp (KSS.US)$'s main analysts recently are as follows:
Kohl's has revised downward its fiscal year 2024 forecasts for sales, comparable store sales, operating margin, and earnings per share, acknowledging ongoing difficulties within its principal operations and anticipating a fiercely competitive holiday season. Additionally, the appointment of a new CEO has been noted, and while the incoming leader's expertise in customer interactions from Michaels is deemed valuable, the prevailing fundamental challenges of Kohl's are expected to persist.
Sales have been an ongoing issue at Kohl's for several years, with a noticeable deterioration in Q3; the company's initiatives are not meeting expectations, contributing to a worsening business situation. The competitive position for Kohl's remains challenging.
Kohl's experienced a notable decline in same-store-sales, with a 9.3% drop, further decelerating on a two-year stacked basis to 14.8%. This marks the 11th consecutive quarter of negative performance in the same category. The downtrend in sales during September and October can be partially attributed to unfavorably warm weather and hurricanes, alongside challenges ahead of the U.S. election.
The firm noted that management at Kohl's is implementing forceful measures to stabilize sales, with optimism that the new CEO will be a good match. However, they remain cautious regarding execution concerning private brands' inventory speed and management, as well as the reintroduction of fine jewelry. Challenges such as a discerning consumer base and a shorter holiday shopping period were also highlighted as potential headwinds.
Following Q3 results and the revised, more cautious outlook on discretionary spending at Kohl's, earnings estimates for FY24 and FY25 have been adjusted to $1.20 and $1.55, down from $2.00 and $2.25, respectively. Despite these disappointing outcomes, optimism remains regarding the company's strategic initiatives.
Here are the latest investment ratings and price targets for $Kohl's Corp (KSS.US)$ from 6 analysts:
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美东时间11月27日，多家华尔街大行更新了$柯尔百货 (KSS.US)$的评级，目标价介于11美元至25美元。
摩根大通分析师Matthew Boss维持卖出评级，并将目标价从17美元下调至13美元。
美银证券分析师Lorraine Hutchinson维持卖出评级，并将目标价从18美元下调至15美元。
Guggenheim分析师Robert Drbul维持买入评级，并将目标价从38美元下调至25美元。
贝雅分析师Mark Altschwager下调至持有评级，并将目标价从25美元下调至18美元。
泰尔西咨询分析师Dana Telsey维持持有评级，维持目标价23美元。
此外，综合报道，$柯尔百货 (KSS.US)$近期主要分析师观点如下：
Kohl's已经下调了2024财年的销售预测、可比店铺销售额、营业利润率和每股收益，承认其主要业务持续困难，并预计在激烈竞争的假日季节中将面临挑战。此外，已注意到新任首席执行官的任命，尽管这位新领导在Michaels的客户互动方面的专业知识被认为具有价值，但预计Kohl's现有的基本挑战将持续存在。
多年来，销售一直是Kohl's的持续问题，在第三季度明显恶化；公司的举措未能达到预期，导致业务状况恶化。Kohl's的竞争位置仍然具有挑战性。
Kohl's的同店销售出现明显下滑，下降了9.3%，在两年周期的基础上进一步放缓至14.8%。这标志着同一类别表现连续第11个季度下滑。9月和10月销售下降的趋势部分归因于不利的暖和天气和飓风，以及美国大选之前的挑战。
公司指出Kohl's管理层正在实施强有力的措施来稳定销售，对新任首席执行官将会是一个良好匹配表示乐观。然而，在涉及私有品牌库存速度和管理，以及精品珠宝重新引入方面，他们对执行仍持谨慎态度。诸如挑剔的消费者群体和较短的假日购物时期等挑战也被突出为潜在风险。
在第三季度业绩和Kohl's对离散性支出更为谨慎的展望之后，财年24和25的盈利预估已从分别为2.00和2.25美元调整为1.20和1.55美元。尽管存在这些令人失望的结果，但对公司战略举措保持乐观。
以下为今日6位分析师对$柯尔百货 (KSS.US)$的最新投资评级及目标价：
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