Jefferies Group Increases Kohl’s Corp. (KSS) Price Target to $57.00
Kohl’s Corp. (NYSE:KSS) had its price target upped by stock analysts at Jefferies Group from $50.00 to $57.00 in a note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 5.97% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. Argus restated a “hold” rating on shares of Kohl’s Corp. in a research report on Monday, August 15th. Deutsche Bank AG increased their target price on Kohl’s Corp. from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, August 12th. Telsey Advisory Group increased their target price on Kohl’s Corp. from $44.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, August 12th. Royal Bank Of Canada increased their target price on Kohl’s Corp. from $37.00 to $44.00 and gave the stock an “underperform” rating in a research report on Friday, August 12th. Finally, Zacks Investment Research raised shares of Kohl’s Corp. from a “sell” rating to a “hold” rating in a report on Friday. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Kohl’s Corp. presently has a consensus rating of “Hold” and a consensus price target of $49.07.
Shares of Kohl’s Corp. (NYSE:KSS) opened at 53.79 on Friday. The company’s 50 day moving average price is $44.41 and its 200 day moving average price is $41.22. Kohl’s Corp. has a 12-month low of $33.87 and a 12-month high of $57.27. The firm has a market cap of $9.52 billion, a P/E ratio of 16.37 and a beta of 1.00.
Kohl’s Corp. (NYSE:KSS) last posted its earnings results on Thursday, November 10th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.10. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.33 billion. Kohl’s Corp. had a return on equity of 13.59% and a net margin of 3.17%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 earnings per share. Equities research analysts forecast that Kohl’s Corp. will post $3.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th will be issued a $0.50 dividend. The ex-dividend date is Monday, December 5th. This represents a $2.00 annualized dividend and a yield of 3.72%. Kohl’s Corp.’s dividend payout ratio (DPR) is presently 61.16%.
In other Kohl’s Corp. news, CFO Wesley S. Mcdonald sold 27,376 shares of the firm’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 transaction of $1,434,776.16. Following the completion of the transaction, the chief financial officer now owns 93,908 shares of the company’s stock, valued at $4,921,718.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in KSS. Bank of Montreal Can acquired a new position in shares of Kohl’s Corp. during the second quarter worth $58,707,000. Hamlin Capital Management LLC acquired a new position in shares of Kohl’s Corp. during the third quarter worth $57,296,000. Schroder Investment Management Group increased its position in shares of 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. increased its position in shares of 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 increased its position in shares of 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. 97.43% of the stock is owned by institutional investors and hedge funds.
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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