Kohl’s Corp. Rating Reiterated by Zacks (KSS)
Kohl’s Corp. (NYSE:KSS)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued on Tuesday, ARN reports. They currently have a $53.00 price target on the stock. Zacks‘ price objective suggests a potential upside of 5.77% from the company’s current price.
Zacks‘ analyst wrote, “Kohl’s third quarter earnings of $0.81 per share lagged the Zacks Consensus Estimate and year- ago earnings by 5.8% and 11% respectively. Earnings did not even meet management’s expectation due to lower revenue and gross margins. Net sales fell 1.0% from the year-ago level due to lower comps. Sales also missed the Zacks Consensus Estimate due to a challenging retail environment. Gross and operating margins shrank due to lower revenues and higher operating expenses. Moreover, Kohl’s high inventory levels and rising commodity costs are concerns. However, we have faith in the company’s strong fundamentals. Despite weak quarterly results, the company has a solid brand portfolio. Moreover, its growing e-commerce business, a strong balance sheet, and impressive dividend yield make the stock attractive over the long term. Thus we prefer to remain on the sidelines with a Neutral recommendation.”
A number of other firms have also recently commented on KSS. Analysts at Deutsche Bank raised their price target on shares of Kohl’s Corp. from $50.00 to $54.00 in a research note to investors on Thursday, January 16th. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Kohl’s Corp. has an average rating of “Hold” and a consensus target price of $56.77.
Kohl’s Corp. (NYSE:KSS) traded up 1.94% during mid-day trading on Tuesday, hitting $51.08. 3,603,713 shares of the company’s stock traded hands. Kohl’s Corp. has a 1-year low of $44.57 and a 1-year high of $59.00. The stock has a 50-day moving average of $54.54 and a 200-day moving average of $53.61. The company has a market cap of $10.938 billion and a P/E ratio of 11.96.
Kohl’s Corp. (NYSE:KSS) last released its earnings data on Thursday, November 14th. The company reported $0.81 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts predict that Kohl’s Corp. will post $4.14 earnings per share for the current fiscal year.
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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