Target price 

In the past 15 days, there has been just one price target action for Kohl’s (KSS) stock. On September 4, Goldman Sachs initiated coverage on Kohl’s stock with a “buy” rating and a price target of $91.00.

Of the 22 analysts covering Kohl’s stock, 50.0% rated KSS as a “hold.” Another 41.0% rated the stock as a “buy,” and the remaining 9.0% rated the stock as a “sell.”

Analysts Play It Safe with a ‘Hold’ Rating for Kohl’s

Under its multiyear Greatness Agenda strategy, Kohl’s is revamping its merchandise assortment, emphasizing the omnichannel/digital experience, and optimizing its marketing spending across channels. The retailer is also paying attention to its store base, with an emphasis on smaller stores. However, the retail sector is undergoing a massive overhaul, as the expansion of e-commerce remains a threat to traditional retailers.

Wall Street analysts’ 12-month average target price for Kohl’s stock is $82.06, which reflects a 3.5% upside to the stock’s price on September 17.

Analysts’ ratings for Kohl’s peers

Of the 19 analysts covering Macy’s (M) stock, 63.0% provided a “hold” rating while 21.0% rated it as a “buy.” Currently, the analysts’ target price for Macy’s stock is $36.00, reflecting a 2.4% downside to its September 17 stock price. Goldman Sachs initiated its coverage of Macy’s with a “sell” rating and a price target of $33.00.

About 75.0% of the 16 analysts covering JCPenney (JCP) stock have provided a “hold” rating, and 25.0% rated it as a “sell.” The mean target price for JCPenney stock is $1.58, which indicates a 16.8% downside to its stock price.

About 68.0% of the 25 analysts covering Nordstrom (JWN) stock gave the retailer a “hold” rating, and 24.0% rated it as a “buy.” The mean target price for Nordstrom stock is $59.12, which indicates a 7.8% downside to its stock price. Goldman Sachs initiated its coverage of Nordstrom with a “buy” rating and a price target of $73.00.

Latest articles

Today, Slack (WORK) opened 4.5% higher after MKM Partners analyst Rohit Kulkarni gave Slack stock a "buy" rating with a target price of $40.

Pure Storage shares have risen more than 15% today. The company announced its second-quarter results after the markets closed on Wednesday.

Nordstrom (JWN) stock was up 16% as of 11:50 AM today after it reported better-than-expected earnings for the second quarter of fiscal 2019.

Last month, four automakers, including Ford, made a voluntary deal with California to make cars cleaner and more fuel efficient. Trump isn't happy with the deal.

GameStop (GME) shares rose 8% in early market trading today. The company laid off about 120 employees as part of its restructuring process.

Today, citing German business publication Manager Magazin, Reuters reported that Volkswagen CEO Herbert Diess is interested in a stake in Tesla.