Research Analysts’ Weekly Ratings Changes for Kohl's Co. (KSS)
Kohl's Co. (NYSE: KSS) was the recipient of a ratings changes during the seven days:
- Kohl's Co. had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $60.00 price target on the stock. 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. “
- Kohl's Co. had its price target raised by analysts at JPMorgan Chase & Co. from $55.00 to $62.00.
- Kohl's Co. was upgraded by analysts at Gilford Securities from a “neutral” rating to a “buy” rating.
- Kohl's Co. had its price target raised by analysts at Stifel Nicolaus from $60.00 to $68.00. They now have a “buy” rating on the stock.
Kohl's Co. (NYSE:KSS) traded up 0.32% during mid-day trading on Wednesday, hitting $59.66. The stock had a trading volume of 1,535,074 shares. Kohl's Co. has a 52 week low of $48.68 and a 52 week high of $59.90. The stock’s 50-day moving average is $54.5 and its 200-day moving average is $54.25. The company has a market cap of $12.171 billion and a price-to-earnings ratio of 14.49.
Kohl's Co. (NYSE:KSS) last posted its quarterly 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. On average, analysts predict that Kohl's Co. will post $4.30 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Shareholders 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 2.61%. The ex-dividend date is Monday, September 8th.
In other Kohl's Co. news, EVP Richard D. Schepp unloaded 15,300 shares of Kohl's Co. stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $59.55, for a total transaction of $911,115.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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