Kohl’s Corp.’s (KSS) “Buy” Rating Reaffirmed at Bank of America Corp.
Bank of America Corp. restated their buy rating on shares of Kohl’s Corp. (NYSE:KSS) in a research note published on Thursday. Bank of America Corp. currently has a $50.00 price objective on the stock.
Several other equities analysts have also issued reports on the company. Goldman Sachs Group Inc. reiterated a sell rating and issued a $33.00 price objective on shares of Kohl’s Corp. in a research report on Monday, August 1st. TheStreet upgraded Kohl’s Corp. from a hold rating to a buy rating in a research report on Friday, August 19th. Robert W. Baird reaffirmed an outperform rating on shares of Kohl’s Corp. in a research report on Tuesday, June 28th. Jefferies Group reaffirmed a buy rating on shares of Kohl’s Corp. in a research report on Monday, September 12th. Finally, Vetr downgraded Kohl’s Corp. from a strong-buy rating to a hold rating and set a $41.50 price target for the company. in a research report on Monday, August 1st. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $47.64.
Shares of Kohl’s Corp. (NYSE:KSS) traded up 1.414% during midday trading on Thursday, hitting $43.405. 355,519 shares of the stock traded hands. The firm’s 50 day moving average price is $44.00 and its 200 day moving average price is $41.40. Kohl’s Corp. has a 12-month low of $33.87 and a 12-month high of $52.06. The company has a market capitalization of $7.80 billion, a PE ratio of 14.093 and a beta of 0.81.
Kohl’s Corp. (NYSE:KSS) last issued its quarterly earnings data on Thursday, August 11th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.19. Kohl’s Corp. had a return on equity of 13.39% and a net margin of 3.02%. The business earned $4.18 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the firm earned $1.07 EPS. Kohl’s Corp.’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts expect that Kohl’s Corp. will post $3.89 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 4.67%. Kohl’s Corp.’s dividend payout ratio (DPR) is presently 65.15%.
A number of large investors have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its stake in shares of Kohl’s Corp. by 6.8% in the second quarter. Pacer Advisors Inc. now owns 3,435 shares of the company’s stock worth $130,000 after buying an additional 218 shares during the period. Cedar Wealth Management LLC boosted its position in shares of Kohl’s Corp. by 66.5% in the second quarter. Cedar Wealth Management LLC now owns 3,429 shares of the company’s stock valued at $130,000 after buying an additional 1,370 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Kohl’s Corp. by 112.0% in the second quarter. Global X Management Co. LLC now owns 3,724 shares of the company’s stock valued at $141,000 after buying an additional 1,967 shares during the last quarter. AXA bought a new position in shares of Kohl’s Corp. during the first quarter valued at about $166,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Kohl’s Corp. during the second quarter valued at about $184,000. 97.75% of the stock is owned by hedge funds and other institutional investors.
About Kohl’s Corp.
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company also operates an e-commerce Website (www.Kohls.com). The Company operates over 1,160 department stores in approximately 50 states. The Company sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products.
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