Kohl's Co. Stock Rating Reaffirmed by Zacks (KSS)
Kohl's Co. (NYSE:KSS)‘s stock had its “neutral” rating reiterated by Zacks in a note issued to investors on Tuesday. They currently have a $60.00 price target on the stock. Zacks‘s price objective indicates a potential upside of 4.26% from the company’s current price.
Zacks’ analyst wrote, “Kohl’s second quarter 2014 earnings of $1.13 per beat the Zacks Consensus Estimate and prior year results by 5.6% 9.0% respectively. Net sales dipped 1.1% 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. Overall 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. “
A number of other firms have also recently commented on KSS. Analysts at MKM Partners reiterated a “buy” rating on shares of Kohl's Co. in a research note on Friday. They now have a $64.00 price target on the stock, up previously from $63.00. Separately, 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. Finally, 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, August 14th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $60.09.
Kohl's Co. (NYSE:KSS) traded up 1.08% on Tuesday, hitting $58.17. The stock had a trading volume of 1,305,618 shares. Kohl's Co. has a 52 week low of $48.68 and a 52 week high of $59.00. The stock’s 50-day moving average is $53.33 and its 200-day moving average is $53.81. The company has a market cap of $11.867 billion and a price-to-earnings ratio of 14.02.
Kohl's Co. (NYSE:KSS) last announced its earnings results on Thursday, August 14th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Kohl's Co. will post $4.30 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Investors 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 2.71%. The ex-dividend date is Monday, September 8th.
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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