Brokerages Set Kohl’s Corp. (KSS) Price Target at $48.44
Shares of Kohl’s Corp. (NYSE:KSS) have been assigned a consensus rating of “Hold” from the twenty-seven analysts that are covering the company. Six equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $48.44.
KSS has been the subject of several recent research reports. Deutsche Bank AG lifted their price objective on Kohl’s Corp. from $40.00 to $45.00 and gave the company a “hold” rating in a report on Friday, August 12th. Jefferies Group restated a “buy” rating on shares of Kohl’s Corp. in a report on Monday, September 12th. Vetr downgraded Kohl’s Corp. from a “strong-buy” rating to a “hold” rating and set a $41.50 price objective for the company. in a report on Monday, August 1st. TheStreet upgraded Kohl’s Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 19th. Finally, Argus restated a “hold” rating on shares of Kohl’s Corp. in a report on Monday, August 15th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P raised its position in shares of Kohl’s Corp. by 18.4% in the first quarter. Loomis Sayles & Co. L P now owns 8,202 shares of the company’s stock worth $382,000 after buying an additional 1,273 shares during the period. AXA acquired a new position in shares of Kohl’s Corp. during the first quarter worth about $166,000. Meeder Asset Management Inc. acquired a new position in shares of Kohl’s Corp. during the first quarter worth about $521,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Kohl’s Corp. during the first quarter worth about $1,007,000. Finally, Canada Pension Plan Investment Board raised its position in shares of Kohl’s Corp. by 13.3% in the first quarter. Canada Pension Plan Investment Board now owns 400,133 shares of the company’s stock worth $18,650,000 after buying an additional 47,034 shares during the period. Hedge funds and other institutional investors own 97.75% of the company’s stock.
Shares of Kohl’s Corp. (NYSE:KSS) opened at 45.97 on Monday. Kohl’s Corp. has a one year low of $33.87 and a one year high of $52.06. The stock’s 50 day moving average is $43.90 and its 200-day moving average is $41.21. The stock has a market cap of $8.26 billion, a P/E ratio of 14.93 and a beta of 0.98.
Kohl’s Corp. (NYSE:KSS) last released its quarterly earnings data on Thursday, August 11th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.19. The firm earned $4.18 billion during the quarter, compared to the consensus estimate of $4.16 billion. Kohl’s Corp. had a return on equity of 13.39% and a net margin of 3.02%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share. On average, equities analysts forecast that Kohl’s Corp. will post $3.89 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.35%. Kohl’s Corp.’s dividend payout ratio (DPR) is 65.15%.
Kohl’s Corp. Company Profile
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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