Deutsche Bank Increases Kohl’s Corp. Price Target to $54.00 (KSS)
Investment analysts at Deutsche Bank increased their price objective on shares of Kohl’s Corp. (NYSE:KSS) from $50.00 to $54.00 in a note issued to investors on Thursday, AR Network reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price suggests a potential upside of 0.63% from the company’s current price.
Kohl’s Corp. (NYSE:KSS) traded down 1.66% during mid-day trading on Thursday, hitting $52.77. The stock had a trading volume of 4,916,170 shares. Kohl’s Corp. has a one year low of $42.97 and a one year high of $59.00. The stock’s 50-day moving average is $55.29 and its 200-day moving average is $53.67. The company has a market cap of $11.300 billion and a price-to-earnings ratio of 12.81.
Kohl’s Corp. (NYSE:KSS) last posted its quarterly earnings results on Thursday, November 14th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by $0.05. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts predict that Kohl’s Corp. will post $4.15 earnings per share for the current fiscal year.
A number of other firms have also recently commented on KSS. Analysts at Bank of America Corp. upgraded shares of Kohl’s Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, December 5th. They now have a $65.00 price target on the stock, up previously from $60.00. Separately, analysts at Sterne Agee cut their price target on shares of Kohl’s Corp. from $54.00 to $51.00 in a research note to investors on Friday, November 15th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Kohl’s Corp. in a research note to investors on Friday, November 15th. They now have a $56.00 price target on the stock. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $56.97.
In other Kohl’s Corp. news, EVP Kenneth Bonning unloaded 13,388 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $57.00, for a total transaction of $763,116.00. Following the completion of the transaction, the executive vice president now directly owns 121,781 shares in the company, valued at approximately $6,941,517. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Kohl’s Corporation (NYSE:KSS) operate family-oriented department stores that sell apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows, and housewares.
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