Kohls Corp Downgraded by Deutsche Bank to Sell (KSS)
Kohls Corp (NYSE: KSS) was downgraded by equities research analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
The analysts wrote, “We are downgrading KSS to Sell from Hold as weakening traffic share losses to off-price, less share donation from JCP, cold weather) and a heavy inventory position (according to our channel checks) could lead to incremental promotions and greater than expected markdowns, pressuring margins. With a FY13 EPS range reliant on a return to GPM expansion, we believe current forecasts are likely too high and we are positioned at the low-end of the forecast (with risk to the downside) as a result. We see KSS retouching its prior lows and we’ve set a $41 PT accordingly.”
A number of other analysts have also recently weighed in on KSS. Analysts at TheStreet upgraded shares of Kohls Corp from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. Separately, analysts at Morgan Stanley downgraded shares of Kohls Corp from an “equal weight” rating to an “underweight” rating in a research note to investors on Tuesday. They now have a $42.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Kohls Corp from $52.00 to $53.00 in a research note to investors on Monday, March 11th. They now have a “buy” rating on the stock.
Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $50.54.
Shares of Kohls Corp (NYSE: KSS) traded down 0.18% during mid-day trading on Friday, hitting $46.345. Kohls Corp has a 52 week low of $46.13 and a 52 week high of $49.34. The stock’s 50-day moving average is currently $47.5. The company has a market cap of $10.520 billion and a P/E ratio of 11.13.
Kohls Corp (NYSE: KSS) last announced its earnings results on Thursday, February 28th. The company reported $1.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.63 by $0.03. The company had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter last year, the company posted $1.81 earnings per share. Kohls Corp’s revenue was up 5.4% compared to the same quarter last year. Kohls Corp has set its Q1 guidance at $0.55-0.63 EPS and its FY14 guidance at $4.15-4.45 EPS. On average, analysts predict that Kohls Corp will post $4.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 27th. Investors of record on Wednesday, March 13th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Monday, March 11th. This is an increase from Kohls Corp’s previous quarterly dividend of $0.32.
Kohl’s Corporation (NYSE: KSS) operate family-oriented department stores that sells apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows, and housewares.
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