Kohl’s (NYSE:KSS) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Kohl’s (NYSE:KSS) from a sell rating to a hold rating in a research report released on Saturday morning.

A number of other brokerages also recently issued reports on KSS. Bank of America reduced their price target on Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Barclays boosted their price target on Kohl’s from $4.00 to $5.00 and gave the company an “underweight” rating in a report on Friday, May 30th. Robert W. Baird boosted their price target on Kohl’s from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, May 30th. Telsey Advisory Group restated a “market perform” rating and set a $9.00 price target on shares of Kohl’s in a report on Thursday, May 29th. Finally, Citigroup reduced their price target on Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Seven research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.75.

Kohl’s Trading Up 10.1%

NYSE:KSS opened at $8.94 on Friday. The firm has a market capitalization of $1.00 billion, a P/E ratio of 4.03 and a beta of 1.66. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The company has a fifty day moving average of $7.60 and a 200 day moving average of $10.49. Kohl’s has a 52 week low of $6.04 and a 52 week high of $24.83.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.09. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.24) earnings per share. On average, research analysts predict that Kohl’s will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.50 annualized dividend and a dividend yield of 5.59%. Kohl’s’s payout ratio is currently 45.87%.

Institutional Trading of Kohl’s

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Kohl’s in the 4th quarter worth approximately $8,185,000. Dana Investment Advisors Inc. grew its stake in shares of Kohl’s by 56.7% in the 4th quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company’s stock worth $3,554,000 after buying an additional 91,590 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Kohl’s by 155.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock worth $13,246,000 after buying an additional 573,579 shares during the last quarter. Hussman Strategic Advisors Inc. grew its stake in shares of Kohl’s by 66.7% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company’s stock worth $1,474,000 after buying an additional 42,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Kohl’s by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company’s stock valued at $24,873,000 after acquiring an additional 55,540 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Company Profile

Kohl’s Corporation operates as an omnichannel retailer 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 Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.