Kohl's shares drop amid Saks bankruptcy news
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16 Jan 26
Source: Newsfilter
Kohl's Corporation shares fell 3.35% and hit a 20-day low following the news of Saks filing for bankruptcy with $1.75 billion in debt.
The bankruptcy of Saks, which highlights the struggles of high-end department stores, has led to a nearly 6% drop in Kohl's shares, reflecting market pessimism regarding the future of the department store sector. This situation is exacerbated by a broader trend where consumers are shifting towards cheaper private-label brands and low-cost e-commerce options, impacting retailers like Kohl's.
The implications of Saks' bankruptcy could further challenge Kohl's as it navigates a difficult retail landscape. Investors may need to reassess their outlook on Kohl's performance in light of these developments.
Analyst Views on KSS
Wall Street analysts forecast KSS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KSS is 19.75 USD with a low forecast of 7.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
1 Buy
7 Hold
5 Sell
Moderate Sell
Current: 17.220
Low
7.00
Averages
19.75
High
25.00
Current: 17.220
Low
7.00
Averages
19.75
High
25.00
About KSS
Kohl's Corporation is an omnichannel retailer. The Company operates approximately 1,100 stores and a Website www.Kohls.com. The Company’s Kohl's stores and Website sell private and national brand apparel, footwear, accessories, beauty, and home products. The Company’s Kohl's stores generally carry a consistent merchandise assortment with some differences attributable to local preferences, store size, and Sephora at Kohl's shop-in-shops (Sephora shops). Its Website includes merchandise, which is available in the Company’s stores, as well as merchandise that is available only online. Its merchandise mix includes both national brands and private brands that are available only at Kohl's. Its private portfolio includes established brands such as Apt. 9, Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, and nationally recognized brands such as LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
