Jefferies Group LLC reaffirmed their buy rating on shares of Kohl’s Corporation (NYSE:KSS) in a research note released on Sunday, July 30th, MarketBeat Ratings reports. The brokerage currently has a $48.00 price target on the stock.
Several other equities research analysts have also recently commented on KSS. Piper Jaffray Companies reissued a hold rating and issued a $38.00 target price on shares of Kohl’s Corporation in a research note on Monday, April 3rd. Zacks Investment Research raised Kohl’s Corporation from a strong sell rating to a hold rating in a research note on Wednesday, April 19th. Atlantic Securities upgraded Kohl’s Corporation from an underweight rating to a neutral rating and raised their price target for the stock from $36.00 to $42.00 in a research report on Thursday, May 4th. Gordon Haskett started coverage on Kohl’s Corporation in a research report on Tuesday, May 9th. They issued a reduce rating and a $35.00 price target on the stock. Finally, Royal Bank Of Canada reduced their price target on Kohl’s Corporation from $42.00 to $39.00 and set an underperform rating on the stock in a research report on Friday, May 12th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $42.98.
Shares of Kohl’s Corporation (NYSE KSS) traded down 2.18% during mid-day trading on Friday, hitting $38.64. The stock had a trading volume of 7,102,837 shares. Kohl’s Corporation has a 12-month low of $35.16 and a 12-month high of $59.67. The firm’s 50-day moving average price is $39.64 and its 200 day moving average price is $39.37. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 9.89 and a beta of 1.16. Kohl’s Corporation also saw some unusual options trading on Wednesday. Stock traders bought 20,293 call options on the stock. This is an increase of 603% compared to the average daily volume of 2,886 call options.
Kohl’s Corporation (NYSE:KSS) last released its earnings results on Thursday, August 10th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.05. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Kohl’s Corporation had a return on equity of 13.16% and a net margin of 3.63%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm earned $1.22 EPS. Equities analysts forecast that Kohl’s Corporation will post $3.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be issued a $0.55 dividend. The ex-dividend date is Friday, September 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.69%. Kohl’s Corporation’s dividend payout ratio (DPR) is 56.41%.
Hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans raised its stake in shares of Kohl’s Corporation by 1.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,195 shares of the company’s stock worth $305,000 after buying an additional 100 shares during the period. Teachers Advisors LLC increased its stake in Kohl’s Corporation by 70.2% in the fourth quarter. Teachers Advisors LLC now owns 645,488 shares of the company’s stock worth $31,874,000 after buying an additional 266,231 shares in the last quarter. Kentucky Retirement Systems bought a new stake in Kohl’s Corporation during the fourth quarter worth about $632,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Kohl’s Corporation during the fourth quarter worth about $282,000. Finally, Franklin Street Advisors Inc. NC increased its stake in Kohl’s Corporation by 10.5% in the first quarter. Franklin Street Advisors Inc. NC now owns 148,642 shares of the company’s stock worth $5,917,000 after buying an additional 14,136 shares in the last quarter.
Kohl’s Corporation Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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