Kohl’s (NYSE:KSS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kohl’s (NYSE:KSS) from a hold rating to a buy rating in a report issued on Sunday.

Several other research firms have also recently weighed in on KSS. Telsey Advisory Group restated a “market perform” rating and set a $23.00 target price (up previously from $16.00) on shares of Kohl’s in a research note on Tuesday, November 25th. Citigroup boosted their price target on shares of Kohl’s from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Gordon Haskett upgraded shares of Kohl’s from an “accumulate” rating to a “buy” rating in a research report on Tuesday, November 25th. Cowen reaffirmed a “hold” rating on shares of Kohl’s in a report on Wednesday, November 26th. Finally, Jefferies Financial Group assumed coverage on Kohl’s in a report on Wednesday, January 14th. They set a “hold” rating and a $22.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $15.55.

Kohl’s Stock Down 3.2%

KSS stock opened at $18.03 on Friday. The company’s 50 day moving average price is $20.80 and its 200 day moving average price is $16.67. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 10.48 and a beta of 1.42. Kohl’s has a fifty-two week low of $6.04 and a fifty-two week high of $25.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.12 and a current ratio of 1.30.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, November 25th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.29. Kohl’s had a net margin of 1.23% and a return on equity of 4.30%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the business posted $0.20 EPS. The firm’s revenue was down 3.6% on a year-over-year basis. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. On average, equities research analysts anticipate that Kohl’s will post 1.3 EPS for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, December 10th. This represents a $0.50 annualized dividend and a yield of 2.8%. Kohl’s’s payout ratio is currently 29.07%.

Insiders Place Their Bets

In other news, CFO Jill Timm sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the chief financial officer directly owned 325,561 shares in the company, valued at approximately $7,813,464. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kohl’s

Several large investors have recently bought and sold shares of the stock. American Century Companies Inc. lifted its position in Kohl’s by 7.5% in the third quarter. American Century Companies Inc. now owns 5,042,333 shares of the company’s stock worth $77,501,000 after purchasing an additional 351,691 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Kohl’s by 21.0% in the second quarter. Allianz Asset Management GmbH now owns 4,303,123 shares of the company’s stock valued at $36,490,000 after buying an additional 745,543 shares during the period. Geode Capital Management LLC boosted its stake in Kohl’s by 43.0% during the second quarter. Geode Capital Management LLC now owns 2,615,482 shares of the company’s stock valued at $22,182,000 after buying an additional 785,936 shares in the last quarter. First Trust Advisors LP boosted its stake in Kohl’s by 11.5% during the second quarter. First Trust Advisors LP now owns 2,380,359 shares of the company’s stock valued at $20,185,000 after buying an additional 244,761 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Kohl’s by 3,123.1% during the third quarter. JPMorgan Chase & Co. now owns 2,011,182 shares of the company’s stock worth $30,912,000 after acquiring an additional 1,948,783 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

About Kohl’s

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.