Kohl’s Corporation (NYSE:KSS) Given “Buy” Rating at Jefferies Group LLC
Several other research analysts have also recently weighed in on the stock. Vetr cut shares of Kohl’s Corporation from a buy rating to a hold rating and set a $42.50 price target on the stock. in a research report on Tuesday, February 21st. Robert W. Baird set a $44.00 price objective on shares of Kohl’s Corporation and gave the company a hold rating in a report on Wednesday, February 22nd. Telsey Advisory Group reduced their price objective on shares of Kohl’s Corporation from $47.00 to $43.00 and set a market perform rating on the stock in a report on Friday, February 24th. Piper Jaffray Companies set a $38.00 price objective on shares of Kohl’s Corporation and gave the company a hold rating in a report on Thursday, May 11th. Finally, Atlantic Securities upgraded shares of Kohl’s Corporation from an underweight rating to a neutral rating and boosted their price target for the stock from $36.00 to $42.00 in a research note on Thursday, May 4th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $42.60.
Shares of Kohl’s Corporation (NYSE KSS) traded down 0.31% during trading on Wednesday, hitting $38.81. 2,883,328 shares of the stock traded hands. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 11.24 and a beta of 1.15. The company has a 50 day moving average price of $37.49 and a 200 day moving average price of $40.85. Kohl’s Corporation has a 12 month low of $35.16 and a 12 month high of $59.67.
Kohl’s Corporation (NYSE:KSS) last released its quarterly earnings results on Thursday, May 11th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. Kohl’s Corporation had a net margin of 3.25% and a return on equity of 13.29%. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the company earned $0.31 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts anticipate that Kohl’s Corporation will post $3.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend was Monday, June 5th. Kohl’s Corporation’s dividend payout ratio (DPR) is presently 64.14%.
Large investors have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. boosted its stake in Kohl’s Corporation by 30.9% in the first quarter. Johnson Financial Group Inc. now owns 3,295 shares of the company’s stock valued at $132,000 after buying an additional 778 shares during the period. CENTRAL TRUST Co boosted its position in Kohl’s Corporation by 68.6% in the second quarter. CENTRAL TRUST Co now owns 3,324 shares of the company’s stock valued at $129,000 after buying an additional 1,352 shares during the last quarter. Seven Eight Capital LP acquired a new position in Kohl’s Corporation during the fourth quarter valued at about $200,000. Boothbay Fund Management LLC acquired a new position in Kohl’s Corporation during the fourth quarter valued at about $240,000. Finally, Breton Hill Capital Ltd. acquired a new position in Kohl’s Corporation during the first quarter valued at about $203,000.
Kohl’s Corporation Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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