Kohl’s Shares Rise 27% in the Past Month, What Does the Future Hold?

Kohl’s Corporation (NYSE: KSS), a department store that sells garments, footwear, accessories, soft home items, and housewares to middle-income clients, has risen by roughly 27% in the last twenty-one trading days and is now worth around $35.

Tom Kingsbury was selected as the company’s permanent CEO. He took over as interim CEO in December 2022 after the previous CEO, Michelle Gass, departed the organization.

This predicament presents an opportunity for the struggling department store business to implement new leadership and initiatives.

Excess inventory and a promotional environment during the holidays have struck the garment sector hard, resulting in a challenging year in 2022.

Kohl’s sales are down nearly 7% through the first three quarters of the fiscal year 2022, and earnings have more than halved.

More of the same weakness is likely on the way.

Machine Learning Projections

However, with the Sephora collaboration in full gear, the firm plans to ride the business higher in 2023.

It should also be emphasized that Kohl’s own significant real estate is worth $7 billion or more, far above its present stock price of around $4 billion.

Is it now more likely that KSS stock will fall in the short term, or will it rise?

Based on our machine learning research of stock price movements over the last 10 years, there is a 53% chance that KSS stock will grow in the next month.

Calculation of ‘Event Probability’ and ‘Chance of Rising’ using data from the last 10 years

* Returns of 6.7% or higher over a five-day period on 236 of 2517 occurrences (9%); stock climbed in the next five days on 110 of these 236 occasions (47%).

* Returns of 8.9% or greater over a ten-day period on 297 out of 2518 occasions (12%); stock climbed in the next ten days on 152 of these 297 occasions (51%).

* Returns of 27% or greater over a twenty-one-day period on 64 occasions out of 2517 (3%); the stock rose in the next twenty-one days on 34 of these 64 occasions (53%).

It is useful to see how its competitors compare.

KSS Peers compares Kohl’s stock to its peers on important measures. Other interesting comparisons for businesses across industries can be found at Peer Comparisons.

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What is the Analyst Consensus?

Eighteen rating agencies that are presently monitoring Kohl’s Co. have assigned the stock a “Hold” recommendation.

This implies that the rating agencies expect the company to continue performing well in the future.

Two industry experts have recommended that the company be sold; seven others have recommended that it be held; and two others have recommended that it be bought.

Two analysts have recommended that the company be sold. The stock’s price is expected to reach $31.00 by the end of the following year, based on the average price target offered by brokerages that analyzed the stock the previous year.

This forecast is based on the stock’s performance in the previous year.

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