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UPDATE: Citigroup Reiterates Buy Rating, Lowers PT on Kohl's Corporation

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In a report published Friday, Citigroup reiterated its Buy rating on Kohl's Corporation (NYSE: KSS), but lowered its price target from $63.00 to $61.00.

Citigroup noted, “We rate the shares of Kohl's Buy. Kohl's is a well-positioned department store retailer due to its value proposition and continued inventory discipline. The company is focused on driving topline sales growth in stores and online and on enhancing the productivity and returns of its existing store base. From a sales perspective, keener focus on fashion merchandise and recent brand introductions and expansions should help to increase both traffic and ticket. From a margin perspective, we believe gross margins will be enhanced over time through improved merchandising, increased private label penetration, and technology rollouts, and SG&A expense should leverage as KSS realizes productivity gains in-store. We also expect the company to continue to return cash to shareholders through share repurchases and dividends.”

Kohl's Corporation closed on Thursday at $45.02.

Latest Ratings for KSS

DateFirmActionFromTo
May 2017Gordon HaskettInitiates Coverage OnReduce
May 2017Atlantic EquitiesUpgradesUnderweightNeutral
Feb 2017SusquehannaInitiates Coverage OnNeutral

View More Analyst Ratings for KSS
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Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

 

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