Kohl’s Corp. (KSS) Receives $49.97 Average Price Target from Analysts
Shares of Kohl’s Corp. (NYSE:KSS) have earned an average recommendation of “Hold” from the twenty-nine research firms that are currently covering the company. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $49.26.
A number of equities research analysts have recently weighed in on the company. Bank of America Corp. reaffirmed a “buy” rating and set a $50.00 price target on shares of Kohl’s Corp. in a report on Thursday, September 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $51.00 price target on shares of Kohl’s Corp. in a report on Sunday. Zacks Investment Research raised Kohl’s Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Guggenheim assumed coverage on Kohl’s Corp. in a report on Friday, September 30th. They set a “buy” rating and a $50.00 price target on the stock. Finally, Vetr cut Kohl’s Corp. from a “buy” rating to a “sell” rating and set a $41.50 price target on the stock. in a report on Friday, August 12th.
Shares of Kohl’s Corp. (NYSE:KSS) opened at 53.78 on Monday. Kohl’s Corp. has a 12-month low of $33.87 and a 12-month high of $57.27. The company has a 50 day moving average price of $45.29 and a 200-day moving average price of $41.36. The firm has a market cap of $9.52 billion, a PE ratio of 16.37 and a beta of 1.00.
Kohl’s Corp. (NYSE:KSS) last released its quarterly earnings results on Thursday, November 10th. The company reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.10. The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share. Analysts expect that Kohl’s Corp. will post $3.89 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Wednesday, December 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Monday, December 5th. Kohl’s Corp.’s dividend payout ratio is presently 61.16%.
In other Kohl’s Corp. news, CFO Wesley S. Mcdonald sold 27,376 shares of the business’s stock in a transaction 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 approximately $4,921,718.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Wesley S. Mcdonald sold 71,582 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $55.45, for a total transaction of $3,969,221.90. Following the transaction, the chief financial officer now directly owns 108,788 shares of the company’s stock, valued at approximately $6,032,294.60. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in Kohl’s Corp. by 3.2% in the first quarter. Legal & General Group Plc now owns 913,000 shares of the company’s stock worth $42,543,000 after buying an additional 28,113 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Kohl’s Corp. during the first quarter worth $47,865,000. Cooke & Bieler LP raised its position in Kohl’s Corp. by 10.5% in the second quarter. Cooke & Bieler LP now owns 1,173,086 shares of the company’s stock worth $44,484,000 after buying an additional 111,920 shares in the last quarter. PGGM Investments raised its position in Kohl’s Corp. by 29.8% in the second quarter. PGGM Investments now owns 906,775 shares of the company’s stock worth $34,385,000 after buying an additional 207,964 shares in the last quarter. Finally, AXA purchased a new position in Kohl’s Corp. during the first quarter worth $166,000. 97.43% 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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