Kohl's Amidst Inflation And Transition: An Analyst's Perspective On Declining Sales And Revenue
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Dana Telsey has reiterated a Market Perform rating on Kohl's Corporation (NYSE:KSS) and lowered the price target to $24 from $30. The analyst cites product cost inflation, an unfavorable macro environment, and strategic transitions as headwinds for the company. Kohl's is expected to report a net sales decline of 5% Y/Y to $3.30 billion and a total revenue decrease of 4.9% to $3.54 billion in 1Q23.
May 18, 2023 | 6:52 pm
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Kohl's Corporation (NYSE:KSS) faces headwinds such as product cost inflation and an unfavorable macro environment, leading to a lowered price target of $24 from $30. Net sales and revenue are expected to decline in 1Q23.
The analyst has lowered the price target for Kohl's Corporation due to concerns about product cost inflation, an unfavorable macro environment, and strategic transitions. These factors are expected to negatively impact the company's net sales and revenue in the short term, leading to a potential decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100