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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美東時間11月27日，多家華爾街大行更新了$柯爾百貨 (KSS.US)$的評級，目標價介於11美元至25美元。
摩根大通分析師Matthew Boss維持賣出評級，並將目標價從17美元下調至13美元。
美銀證券分析師Lorraine Hutchinson維持賣出評級，並將目標價從18美元下調至15美元。
Guggenheim分析師Robert Drbul維持買入評級，並將目標價從38美元下調至25美元。
貝雅分析師Mark Altschwager下調至持有評級，並將目標價從25美元下調至18美元。
泰爾西諮詢分析師Dana Telsey維持持有評級，維持目標價23美元。
此外，綜合報道，$柯爾百貨 (KSS.US)$近期主要分析師觀點如下：
Kohl's已經下調了2024財年銷售額、可比店鋪銷售額、營業利潤率和每股收益的預測，承認其主要業務中持續存在困難，並預計一個競爭激烈的假期季。此外，新任CEO的任命已經被注意到，儘管新領導人在Michaels的客戶互動方面的專業知識被認爲是有價值的，但Kohl's現存的基本挑戰預計將繼續存在。
幾年來，銷售一直是Kohl's的一個持續問題，在第三季度明顯惡化；公司的舉措未能達到預期，導致業務形勢惡化。Kohl's的競爭位置仍然具有挑戰性。
Kohl's的同店銷售出現顯著下降，下降了9.3%，在兩年堆疊基礎上進一步減速至14.8%。這標誌着這一類別連續第11個季度的表現爲負。九月和十月銷售的趨勢下降部分歸因於不利的暖和天氣和颶風，以及美國選舉之前的挑戰。
公司指出，Kohl's的管理層正在採取有力措施穩定銷售，對新任CEO將會匹配的樂觀態度。然而，他們對於有關私人品牌庫存速度和管理、以及精美珠寶重新引入的執行仍持謹慎態度。消費者群體苛求和假日購物期縮短等挑戰也被強調爲潛在阻力。
在Kohl's的第三季度結果和對福利性支出更加謹慎的展望之後，財年24和25的收益預估已經調整爲1.20美元和1.55美元，分別從之前的2.00美元和2.25美元下調。儘管取得了這些令人失望的結果，但人們仍對公司的戰略舉措持樂觀態度。
以下爲今日6位分析師對$柯爾百貨 (KSS.US)$的最新投資評級及目標價：
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