Kohl's Co. Price Target Increased to $56.00 by Analysts at Deutsche Bank (KSS)
Equities researchers at Deutsche Bank upped their target price on shares of Kohl's Co. (NYSE:KSS) from $52.00 to $56.00 in a research report issued on Thursday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 1.61% from the stock’s previous close.
Shares of Kohl's Co. (NYSE:KSS) traded up 3.36% on Thursday, hitting $56.9643. 3,951,877 shares of the company’s stock traded hands. Kohl's Co. has a 1-year low of $48.68 and a 1-year high of $59.00. The stock’s 50-day moving average is $52.98 and its 200-day moving average is $53.67. The company has a market cap of $11.809 billion and a price-to-earnings ratio of 13.72. Kohl's Co. also was the target of unusually large options trading activity on Monday. Investors bought 11,774 call options on the stock. This represents an increase of approximately 646% compared to the average daily volume of 1,579 call options.
Kohl's Co. (NYSE:KSS) last issued its quarterly earnings data on Thursday, August 14th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.06. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.28 billion. On average, analysts predict that Kohl's Co. will post $4.26 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.83%.
KSS has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Kohl's Co. from $62.00 to $64.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at TheStreet upgraded shares of Kohl's Co. to a “buy” rating in a research note on Friday, August 1st. They noted that the move was a valuation call. Finally, analysts at TheStreet downgraded shares of Kohl's Co. to a “hold” rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Kohl's Co. currently has an average rating of “Buy” and a consensus price target of $59.20.
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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