Telsey Advisory analyst Dana Telsey maintains $Kohl's Corp (KSS.US)$ with a hold rating, and adjusts the target price from $23 to $17.
According to TipRanks data, the analyst has a success rate of 40.3% and a total average return of -0.4% 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:
Following a reduction in FY24 guidance by management which covers sales, comps, operating margin, and EPS, Kohl's is anticipating ongoing difficulties in its principal operations and a fiercely competitive holiday season. It was also noted that a new CEO has been appointed and although the incoming executive's experience in customer relations from Michaels is seen as beneficial, expectations are set for the persistence of several core challenges at Kohl's.
Sales have persistently been an issue at Kohl's for several years with worsening trends observed in the third quarter. The company's business is deteriorating as its initiatives have not been successful. Kohl's is positioned in a challenging competitive environment.
Kohl's reported a miss in their third-quarter earnings and have adjusted their outlook downwards. The analysis shows a 9.3% decline in same-store sales, accelerating to a 14.8% decrease when viewed on a two-year stacked basis, marking the 11th consecutive quarter of negative same-store-sales. A noted decline in performance during September and October can be attributed to unfavorably warm weather, the impact of hurricanes, and other challenges leading up to the U.S. election.
Note:
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