Kohl's Co. Stock Rating Reaffirmed by MKM Partners (KSS)
Kohl's Co. (NYSE:KSS)‘s stock had its “buy” rating reaffirmed by investment analysts at MKM Partners in a note issued to investors on Friday. They currently have a $64.00 price target on the stock, up from their previous price target of $63.00. MKM Partners’ price target would suggest a potential upside of 12.46% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of Kohl's Co. in a research note on Friday. They now have a $65.00 price target on the stock, up previously from $62.00. Separately, analysts at Sterne Agee raised their price target on shares of Kohl's Co. from $61.00 to $62.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Kohl's Co. from $52.00 to $56.00 in a research note on Thursday. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $60.10.
Shares of Kohl's Co. (NYSE:KSS) traded down 1.32% on Friday, hitting $56.16. 870,679 shares of the company’s stock traded hands. Kohl's Co. has a one year low of $48.68 and a one year high of $59.00. The stock has a 50-day moving average of $53.10 and a 200-day moving average of $53.69. The company has a market cap of $11.642 billion and a price-to-earnings ratio of 14.17. Kohl's Co. also was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 30,733,238 shares, an increase of 12.9% from the July 15th total of 27,220,716 shares. Currently, 15.4% of the shares of the stock are short sold. Based on an average daily volume of 2,297,445 shares, the short-interest ratio is presently 13.4 days.
Kohl's Co. (NYSE:KSS) last released its 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 $4.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.74%.
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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