Buckingham Research Lowers Kohl’s Corp. (KSS) to Neutral
Kohl’s Corp. (NYSE:KSS) was downgraded by Buckingham Research from a “buy” rating to a “neutral” rating in a research report issued on Tuesday.
Other equities analysts have also recently issued reports about the stock. Argus reaffirmed a “hold” rating on shares of Kohl’s Corp. in a research note on Monday, August 15th. Citigroup Inc. upgraded shares of Kohl’s Corp. from a “neutral” rating to a “buy” rating in a report on Monday. Deutsche Bank AG increased their target price on shares of Kohl’s Corp. from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, August 12th. Jefferies Group reiterated a “buy” rating and issued a $47.00 target price on shares of Kohl’s Corp. in a report on Thursday, August 11th. Finally, Telsey Advisory Group increased their target price on shares of Kohl’s Corp. from $44.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, August 12th. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.07.
Kohl’s Corp. (NYSE:KSS) opened at 53.79 on Tuesday. Kohl’s Corp. has a 12-month low of $33.87 and a 12-month high of $57.27. The stock has a market capitalization of $9.52 billion, a PE ratio of 16.37 and a beta of 1.00. The stock’s 50 day moving average is $44.41 and its 200 day moving average is $41.22.
Kohl’s Corp. (NYSE:KSS) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. Kohl’s Corp. had a net margin of 3.17% and a return on equity of 13.59%. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts forecast that Kohl’s Corp. will post $3.89 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Monday, December 5th. Kohl’s Corp.’s payout ratio is presently 61.16%.
In other news, CFO Wesley S. Mcdonald sold 27,376 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $52.41, for a total value of $1,434,776.16. Following the completion of the transaction, the chief financial officer now directly owns 93,908 shares in the company, valued at approximately $4,921,718.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in Kohl’s Corp. during the second quarter worth $58,707,000. Hamlin Capital Management LLC purchased a new stake in Kohl’s Corp. during the third quarter worth approximately $57,296,000. Schroder Investment Management Group raised its stake in Kohl’s Corp. by 217.2% in the third quarter. Schroder Investment Management Group now owns 1,852,137 shares of the company’s stock worth $81,031,000 after buying an additional 1,268,165 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Kohl’s Corp. by 10.8% in the second quarter. JPMorgan Chase & Co. now owns 12,210,081 shares of the company’s stock worth $463,006,000 after buying an additional 1,186,640 shares in the last quarter. Finally, 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 worth $58,453,000 after buying an additional 1,056,527 shares in the last quarter. Institutional investors and hedge funds own 97.43% of the company’s stock.
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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