TD Cowen analyst Oliver Chen maintains $Kohl's Corp (KSS.US)$ with a hold rating, and adjusts the target price from $21 to $16.
According to TipRanks data, the analyst has a success rate of 53.1% and a total average return of 6.5% 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:
After the management at Kohl's revised its FY24 forecasts downwards for sales, comparable store sales, operating margins, and earnings per share, reflecting ongoing difficulties in the core business and anticipation of a competitive holiday season, challenges are still seen as prevalent in the core business. Additionally, despite the appointment of a new CEO with customer-facing expertise from a significant retail background, it is anticipated that many of the fundamental issues at Kohl's will persist.
Sales have consistently been a challenge for Kohl's over several years, with a noticeable deterioration in trends in Q3. The company's initiatives appear to be underperforming, exacerbating its competitive difficulties.
The company reported a Q3 miss and lowered outlook. Analysts note a 9.3% decline in same-store sales which further decelerated on a two-year stacked basis to 14.8%, marking the 11th consecutive quarter of negative performance in this metric. Observations indicate a sequential slowdown during September and October, attributed to unfavorably warm weather, hurricanes, and emerging headwinds as the U.S. election approached.
Note:
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