Jim Cramer Discussed These 12 Stocks Recently

6. Kohl’s Corporation (NYSE:KSS)

Number of Hedge Fund Holders: 30

Kohl’s Corporation (NYSE:KSS) is a retailer that provides a variety of branded apparel, footwear, accessories, beauty, and home products through both physical stores and online platforms, featuring various brands. Discussing the company, Cramer mentioned that department stores are facing hard times these days and said,  “Department stores, of any kind, doesn’t matter. Kohl’s? Oh boy, try saving that one.”

On February 4, Jefferies reduced its price target for Kohl’s (NYSE:KSS) from $15 to $12 and maintained a Hold rating on the stock. The firm warned that a “storm is brewing” in the U.S. consumer discretionary sector, as inventory levels are rising for the first time in two years, soon surpassing sales growth. Based on historical trends over the past 22 years, the firm noted that when inventories exceed sales growth, gross margins tend to shrink, and stock returns underperform. As a result, Jefferies lowered its estimates for Kohl’s (NYSE:KSS).