Morgan Stanley analyst Alexandra Straton maintains $Kohl's Corp (KSS.US)$ with a sell rating, and maintains the target price at $13.
According to TipRanks data, the analyst has a success rate of 62.6% and a total average return of 7.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Kohl's Corp (KSS.US)$'s main analysts recently are as follows:
An outsized topline downside contributed to a Q3 miss and a 30% fiscal year EPS cut. Additionally, an earlier-than-expected CEO transition confirms that current strategies have proven ineffective and may actually have impaired the business further.
Following a reduction in FY24 guidance for sales, comps, operating margin, and EPS by management, continuing challenges within the core business and anticipations for a competitive holiday season were highlighted. Additionally, the appointment of a new CEO was noted, and despite the value anticipated from Ashley Buchanan's customer-facing expertise from Michaels, the expectation is that many of Kohl's core challenges will persist.
Sales at Kohl's have been problematic for several years with a notable decline in trends during the third quarter. The assessment indicates that the company's business prospects are deteriorating as its initiatives have not met expectations, positioning it unfavorably in a challenging competitive landscape.
Note:
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