Kohl's Co. Price Target Increased to $68.00 by Analysts at Stifel Nicolaus (KSS)
Investment analysts at Stifel Nicolaus raised their price objective on shares of Kohl's Co. (NYSE:KSS) from $60.00 to $68.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 14.69% from the stock’s previous close.
Kohl's Co. (NYSE:KSS) opened at 59.29 on Friday. Kohl's Co. has a 52 week low of $48.68 and a 52 week high of $59.59. The stock’s 50-day moving average is $53.84 and its 200-day moving average is $53.96. The company has a market cap of $12.095 billion and a P/E ratio of 14.35.
Kohl's Co. (NYSE:KSS) last announced its earnings results on Thursday, August 14th. The company reported $1.13 earnings per share for the quarter, beating the analysts’ 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 $4.28 EPS 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 2.63%. The ex-dividend date of this dividend is Monday, September 8th.
A number of other firms have also recently commented on KSS. Analysts at JPMorgan Chase & Co. raised their price target on shares of Kohl's Co. from $55.00 to $62.00 in a research note on Thursday. Separately, analysts at Gilford Securities upgraded shares of Kohl's Co. from a “neutral” rating to a “buy” rating in a research note on Thursday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Kohl's Co. in a research note on Tuesday. They now have a $60.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $61.33.
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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