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Goldman Sachs Sticks to Their Sell Rating for Kohl’s (KSS)

Tipranks - Tipranks - Sat May 30, 7:56AM CDT

Goldman Sachs analyst Brooke Roach maintained a Sell rating on Kohl’s yesterday and set a price target of $14.00. The company’s shares closed yesterday at $15.59.

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Roach covers the Consumer Cyclical sector, focusing on stocks such as Kontoor Brands, Burlington Stores, and Ross Stores. According to TipRanks, Roach has an average return of 3.0% and a 53.31% success rate on recommended stocks.

In addition to Goldman Sachs, Kohl’s also received a Sell from Bank of America Securities’s Lorraine Hutchinson in a report issued today. However, on the same day, Robert W. Baird maintained a Hold rating on Kohl’s (NYSE: KSS).

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Based on Kohl’s’ latest earnings release for the quarter ending May 2, the company reported a quarterly revenue of $3.17 billion and a GAAP net loss of $14 million. In comparison, last year the company earned a revenue of $3.23 billion and had a GAAP net loss of $15 million

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