Here’s What the Street Thinks About Kohl’s Corporation (KSS) Following Earnings

Kohl’s Corporation (NYSE:KSS) is one of the most undervalued retail stocks to invest in now. On March 10, Evercore ISI cut the price target on Kohl’s Corporation (NYSE:KSS) to $18 from $21, reaffirming an In Line rating on the shares. The firm believes that the company’s fiscal Q1 same-store sales underwent improvement from the fiscal Q4, down 2% exit rate, and sees “a credible path” for trends to improve in the second half. However, Evercore told investors that in the near term, it expects the stock to be “caught in a tug-of-war” between higher tax refunds and stimulus against weather impacts and higher gas prices.

Kohl’s Corporation (NYSE:KSS) also received a rating update from Citi on March 13, with the firm lowering the price target on the stock to $14 from $20 while reiterating a Neutral rating on the shares. The firm told investors in a research note that Kohl’s Corporation (NYSE:KSS) missed sales and gross margin estimates in fiscal Q4, and it believes the company is not well-positioned to handle macro volatility. Citi sees a balanced risk/reward at current share levels.

Kohl’s Corporation (NYSE:KSS) is involved in the operation of family-oriented department stores, with its business line including footwear, apparel, and accessories for women, men, and children, beauty products, home products, and more.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.