Goldman Sachs analyst Brooke Roach maintains $Kohl's Corp (KSS.US)$ with a sell rating, and adjusts the target price from $20 to $13.
According to TipRanks data, the analyst has a success rate of 55.6% and a total average return of 6.2% 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 the reduction in FY24 guidance for sales, comps, operating margin, and EPS by management, it is indicated that Kohl's continues to face challenges in its core business, with an anticipation of a highly competitive holiday season. Additionally, the appointment of a new CEO is acknowledged, and although the incoming CEO's customer-facing expertise from Michaels is seen as valuable, the existing core challenges within Kohl's are expected to persist.
Sales at Kohl's have presented challenges for several years, with a noticeable deterioration in trends during Q3. The performance of the company's initiatives has not met expectations, contributing to a worsening business outlook amidst a competitive landscape.
Kohl's reported lower than expected results for Q3 and has revised its future earnings outlook downwards. Kohl's observed a 9.3% decline in same-store-sales, which on a two-year stacked basis, decelerates to a drop of 14.8%, marking the 11th consecutive quarter of negative same-store sales. A sequential slowdown in September and October has been linked to unfavorably warm weather, hurricanes, and headwinds leading up to the U.S. election.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
