Barclays Lowers Numbers on Kohl's (KSS), But Maintains 'Overweight' Rated on Compelling Valuation

Barclays maintains an 'Overweight' on Kohl's (NYSE: KSS) price target cut from $65 to $60.

Analyst, Robert S. Drbul, said, "Kohl's reported 4Q11 EPS of $1.81, $0.02 above our estimate...E-commerce reached the company's $1.0 billion goal in 2011, up 40%, and is expected to grow an additional 40% in 2012. Looking to 2012, we expect Kohl's to invest in improving its 3 year stagnant $220 SSF productivity level, through pricing and newness, as well as take advantage of the sales opportunity provided by weak sales last year and the rapidly evolving competitive landscape."

Drbul cuts FY12 EPS from $4.95 to $4.75 and price target to $60, but feels current valuation levels remain very compelling.

For an analyst ratings summary and ratings history on Kohl's click here. For more ratings news on Kohl's click here.

Shares of Kohl's closed at $49.11 yesterday.

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