Kohl's Co. Rating Reiterated by Zacks (KSS)
Kohl's Co. (NYSE:KSS)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued to clients and investors on Friday. They currently have a $55.00 target price on the stock. Zacks‘s price target would indicate a potential upside of 6.78% from the company’s current price.
Zacks’ analyst wrote, “Kohl’s first quarter 2014 earnings of $0.60 per share missed the Zacks Consensus Estimate by 3.2% and declined 9.0% year over year due to lower sales and higher operating expenses. Net sales dipped 3.1% and also missed the Zacks Consensus Estimate due to a challenging retail environment and a decline in comparable sales. While gross margin expanded due to lower costs of merchandise, operating margin declined due to higher operating expenses particularly higher e-commerce costs. Despite soft fourth quarter results, we have faith in the company’s strong fundamentals. Kohl’s has a solid brand portfolio, a growing e-commerce business, a strong balance sheet, and impressive dividend yields. However, an anticipated increase in commodity costs and the continued sluggish retail environment are concerns. We thus remain Neutral on the stock. “
Kohl's Co. (NYSE:KSS) traded down 1.08% during mid-day trading on Friday, hitting $51.51. 2,549,113 shares of the company’s stock traded hands. Kohl's Co. has a 52 week low of $48.68 and a 52 week high of $59.00. The stock has a 50-day moving average of $53.19 and a 200-day moving average of $53.93. The company has a market cap of $10.678 billion and a price-to-earnings ratio of 12.96.
Kohl's Co. (NYSE:KSS) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.03. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.22 billion. On average, analysts predict that Kohl's Co. will post $4.27 earnings per share for the current fiscal year.
KSS has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of Kohl's Co. to a “hold” rating in a research note on Friday. Finally, analysts at Jefferies Group cut their price target on shares of Kohl's Co. from $65.00 to $62.00 in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $58.18.
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.
To view Zacks’ full report, visit Zacks’ official website.
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