Kohl’s, the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Paul Lejuez from Citi maintained a Hold rating on the stock and has a $19.00 price target.
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Paul Lejuez has given his Hold rating due to a combination of factors influencing Kohl’s current market position. The expectation for the third quarter is a performance above consensus, with sales and earnings per share (EPS) anticipated to surpass market expectations. However, despite these positive projections, the overall comparable sales are still expected to decline, albeit at a slower rate than previously forecasted.
Additionally, while the management is likely to narrow its fiscal year guidance, indicating some confidence in future performance, the high level of short interest in the stock suggests that there is still significant uncertainty in the market. The potential for improved trends as the weather cools and management’s confidence in free cash flow could positively impact the stock, but these factors are not sufficient to warrant a more aggressive rating at this time.
Lejuez covers the Consumer Cyclical sector, focusing on stocks such as Dick’s Sporting Goods, Ross Stores, and Kohl’s. According to TipRanks, Lejuez has an average return of 9.3% and a 57.29% success rate on recommended stocks.