Kohl's (KSS) Given a $70.00 Price Target by Robert W. Baird Analysts
Robert W. Baird set a $70.00 price objective on Kohl's (NYSE:KSS) in a report issued on Tuesday morning. The firm currently has a buy rating on the stock. The analysts noted that the move was a valuation call.
A number of other equities research analysts also recently issued reports on KSS. Telsey Advisory Group restated an outperform rating and set a $55.00 price target (up from $50.00) on shares of Kohl's in a research note on Tuesday, January 9th. Piper Jaffray Companies set a $55.00 price objective on Kohl's and gave the company a hold rating in a research note on Wednesday, January 10th. Jefferies Group reiterated a buy rating and set a $50.00 price objective on shares of Kohl's in a research note on Wednesday, September 27th. Guggenheim reiterated a buy rating and set a $60.00 price objective on shares of Kohl's in a research note on Wednesday, January 10th. Finally, Citigroup boosted their price objective on Kohl's from $65.00 to $69.00 and gave the company a buy rating in a research note on Wednesday, January 10th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. Kohl's presently has an average rating of Hold and a consensus target price of $54.10.
Kohl's (NYSE KSS) traded up $0.26 during trading on Tuesday, hitting $64.85. The company’s stock had a trading volume of 2,848,800 shares, compared to its average volume of 5,212,117. The company has a market cap of $10,900.00, a P/E ratio of 17.20, a P/E/G ratio of 2.38 and a beta of 1.24. Kohl's has a 1-year low of $35.16 and a 1-year high of $65.23. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.88.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were issued a $0.55 dividend. The ex-dividend date was Tuesday, December 5th. This represents a $2.20 dividend on an annualized basis and a yield of 3.39%. Kohl's’s dividend payout ratio is presently 58.36%.
In related news, Director Stephanie A. Streeter sold 4,173 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $53.85, for a total value of $224,716.05. Following the transaction, the director now directly owns 21,960 shares of the company’s stock, valued at approximately $1,182,546. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jonas Prising purchased 4,725 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average cost of $42.35 per share, for a total transaction of $200,103.75. Following the completion of the acquisition, the director now owns 8,661 shares in the company, valued at approximately $366,793.35. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio raised its holdings in shares of Kohl's by 48.9% during the 3rd quarter. Strs Ohio now owns 152,264 shares of the company’s stock worth $6,950,000 after acquiring an additional 50,000 shares in the last quarter. U S Global Investors Inc. purchased a new stake in shares of Kohl's during the 2nd quarter worth approximately $528,000. Korea Investment CORP raised its holdings in shares of Kohl's by 47.2% during the 3rd quarter. Korea Investment CORP now owns 356,600 shares of the company’s stock worth $16,279,000 after acquiring an additional 114,300 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Kohl's by 10.1% during the 3rd quarter. State of Wisconsin Investment Board now owns 174,501 shares of the company’s stock worth $7,966,000 after acquiring an additional 16,069 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its holdings in shares of Kohl's by 194.8% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 183,407 shares of the company’s stock worth $8,452,000 after acquiring an additional 121,201 shares in the last quarter.
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Kohl's 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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