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:
The reduction in Kohl's expected earnings per share for the fiscal year by 30%, coupled with a third-quarter shortfall, provides evidence that the current strategies might not only be ineffective but could potentially have further impaired the business. This situation is also underscored by the earlier-than-anticipated CEO transition.
After Kohl's management revised FY24 guidance downwards across sales, comps, operating margin, and EPS, reflecting ongoing difficulties in the core business and a forecast for a competitive holiday season, it's noted that these challenges are likely to persist despite the appointment of a new CEO. The new CEO's experience in customer-facing roles from Michaels is recognized as valuable, yet many of Kohl's fundamental issues are expected to continue.
Sales performance has been an ongoing issue at Kohl's for several years, with a noticeable deterioration in the third quarter. The company's initiatives have not been successful, leading to worsening business conditions and a challenging competitive stance.
Note:
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