Kohl’s Corporation (KSS) Raised to Outperform at Robert W. Baird
Robert W. Baird upgraded shares of Kohl’s Corporation (NYSE:KSS) from a neutral rating to an outperform rating in a research report report published on Friday morning, MarketBeat reports. They currently have $47.00 target price on the stock, up from their previous target price of $46.00.
Other analysts have also issued reports about the company. Gordon Haskett raised Kohl’s Corporation from a hold rating to an accumulate rating in a research note on Thursday. TheStreet raised Kohl’s Corporation from a c+ rating to a b- rating in a research note on Monday, August 14th. Jefferies Group LLC reissued a buy rating and set a $50.00 price target (up from $48.00) on shares of Kohl’s Corporation in a research note on Friday, August 11th. BidaskClub raised Kohl’s Corporation from a hold rating to a buy rating in a research note on Wednesday, August 2nd. Finally, Instinet reissued a buy rating and set a $51.00 price target (up from $41.00) on shares of Kohl’s Corporation in a research note on Thursday, August 10th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $43.40.
Kohl’s Corporation (NYSE KSS) traded up $1.87 during trading on Friday, reaching $43.04. The company’s stock had a trading volume of 7,091,600 shares, compared to its average volume of 4,512,908. Kohl’s Corporation has a 1 year low of $35.16 and a 1 year high of $59.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 1.63. The company has a market capitalization of $7,255.68, a PE ratio of 11.42, a PEG ratio of 2.02 and a beta of 1.22.
Kohl’s Corporation (NYSE:KSS) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.02). Kohl’s Corporation had a net margin of 3.47% and a return on equity of 12.72%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the business posted $0.80 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. research analysts forecast that Kohl’s Corporation will post 3.76 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.20 dividend on an annualized basis and a yield of 5.11%. Kohl’s Corporation’s payout ratio is currently 58.36%.
A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in Kohl’s Corporation by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 10,914,565 shares of the company’s stock worth $422,066,000 after purchasing an additional 186,046 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Kohl’s Corporation by 6.9% in the third quarter. Dimensional Fund Advisors LP now owns 5,834,433 shares of the company’s stock worth $266,349,000 after purchasing an additional 377,083 shares in the last quarter. Northern Trust Corp increased its holdings in Kohl’s Corporation by 34.9% in the second quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock worth $208,851,000 after purchasing an additional 1,396,006 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Kohl’s Corporation by 13.7% during the third quarter. Wells Fargo & Company MN now owns 4,681,324 shares of the company’s stock valued at $213,702,000 after acquiring an additional 564,109 shares in the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of Kohl’s Corporation by 9.4% during the second quarter. APG Asset Management N.V. now owns 2,676,644 shares of the company’s stock valued at $103,506,000 after acquiring an additional 230,200 shares in the last quarter.
About Kohl’s Corporation
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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