Kohl’s (NYSE:KSS) Price Target Cut to $68.00

Kohl’s (NYSE:KSS – Get Rating) had its price objective lowered by Guggenheim to $68.00 in a research note published on Friday morning, Stock Target Advisor reports.

A number of other brokerages have also weighed in on KSS. Cowen lowered their price target on shares of Kohl’s from $75.00 to $60.00 and set an outperform rating for the company in a report on Friday. Robert W. Baird reduced their price target on shares of Kohl’s from $66.00 to $60.00 and set an outperform rating on the stock in a research report on Friday. Credit Suisse Group lowered their price target on shares of Kohl’s to $46.00 in a research note on Friday. Citigroup lowered their price objective on shares of Kohl’s from $67.00 to $55.00 and set a buy rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kohl’s from $61.00 to $50.00 in a research note on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $55.87.

Shares of NYSE:KSS opened at $38.24 on Friday. The stock has a fifty day moving average of $56.86 and a 200-day moving average of $55.06. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.60 and a current ratio of 1.40. Kohl’s has a one year low of $37.50 and a one year high of $64.38. The company has a market capitalization of $4.92 billion, a PE ratio of 5.94, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82.

Kohl’s (NYSE:KSS – Get Rating) last posted its earnings results on Thursday, May 19th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.59). Kohl’s had a return on equity of 19.47% and a net margin of 4.87%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. As a group, research analysts forecast that Kohl’s will post 6.83 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.23%. The ex-dividend date is Tuesday, June 7th. Kohl’s’s dividend payout ratio is currently 31.06%.

Several large investors have recently modified their holdings of KSS. Starboard Value LP purchased a new stake in Kohl’s in the 1st quarter worth approximately $201,401,000. Norges Bank purchased a new stake in Kohl’s in the 4th quarter worth approximately $73,802,000. HG Vora Capital Management LLC purchased a new stake in Kohl’s during the 4th quarter valued at approximately $61,738,000. Arrowstreet Capital Limited Partnership grew its holdings in Kohl’s by 24.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,242,075 shares of the company’s stock valued at $199,759,000 after buying an additional 823,426 shares in the last quarter. Finally, Putnam Investments LLC purchased a new stake in Kohl’s during the 3rd quarter valued at approximately $19,582,000. Hedge funds and other institutional investors own 92.72% of the company’s stock.

Kohl’s Company Profile (Get Rating)

Kohl's Corporation operates as a retail company in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

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