Kohl’s Corp. (KSS) Rating Reiterated by BMO Capital Markets
Kohl’s Corp. (NYSE:KSS)‘s stock had its “market perform” rating reiterated by research analysts at BMO Capital Markets in a note issued to investors on Sunday. They currently have a $51.00 price objective on the stock. BMO Capital Markets’ price target points to a potential downside of 4.17% from the stock’s previous close.
A number of other brokerages also recently weighed in on KSS. Telsey Advisory Group lifted their price target on Kohl’s Corp. from $51.00 to $58.00 and gave the company an “outperform” rating in a report on Friday. Zacks Investment Research upgraded Kohl’s Corp. from a “sell” rating to a “hold” rating in a report on Friday. Jefferies Group lifted their price target on Kohl’s Corp. from $50.00 to $57.00 and gave the company a “buy” rating in a report on Friday. Argus reiterated a “hold” rating on shares of Kohl’s Corp. in a report on Monday, August 15th. Finally, Goldman Sachs Group Inc. restated a “sell” rating and issued a $35.00 target price on shares of Kohl’s Corp. in a research note on Monday, August 15th. Seven analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $49.07.
Shares of Kohl’s Corp. (NYSE:KSS) traded up 4.41% during midday trading on Friday, hitting $53.22. The company had a trading volume of 10,670,524 shares. Kohl’s Corp. has a one year low of $33.87 and a one year high of $53.87. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 17.28 and a beta of 1.00. The company’s 50 day moving average is $44.41 and its 200 day moving average is $41.22.
Kohl’s Corp. (NYSE:KSS) last issued its quarterly earnings results on Thursday, November 10th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. Kohl’s Corp. had a return on equity of 13.59% and a net margin of 3.17%. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. Kohl’s Corp.’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities analysts forecast that Kohl’s Corp. will post $3.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Wednesday, December 7th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 5th. This represents a $2.00 annualized dividend and a yield of 3.76%. Kohl’s Corp.’s dividend payout ratio is 61.16%.
A number of institutional investors have recently modified their holdings of the stock. KCG Holdings Inc. raised its stake in Kohl’s Corp. by 78.5% in the third quarter. KCG Holdings Inc. now owns 25,099 shares of the company’s stock valued at $1,098,000 after buying an additional 11,036 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in Kohl’s Corp. during the third quarter valued at $2,272,000. BOKF NA raised its stake in Kohl’s Corp. by 12.7% in the third quarter. BOKF NA now owns 10,854 shares of the company’s stock valued at $475,000 after buying an additional 1,225 shares in the last quarter. Morgan Stanley raised its stake in Kohl’s Corp. by 377.9% in the third quarter. Morgan Stanley now owns 1,336,085 shares of the company’s stock valued at $58,453,000 after buying an additional 1,056,527 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its stake in Kohl’s Corp. by 380.0% in the third quarter. Acrospire Investment Management LLC now owns 9,600 shares of the company’s stock valued at $420,000 after buying an additional 7,600 shares in the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.
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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