Kohl's Co. Upgraded at Maxim Group (KSS)
Kohl's Co. (NYSE:KSS) was upgraded by analysts at Maxim Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $68.00 target price on the stock, up from their previous target price of $48.00. Maxim Group’s target price suggests a potential upside of 15.04% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus raised their price target on shares of Kohl's Co. from $60.00 to $68.00 in a research note on Friday, August 22nd. They now have a “buy” rating on the stock. Separately, 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, August 21st. Finally, analysts at Gilford Securities upgraded shares of Kohl's Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. Kohl's Co. presently has an average rating of “Buy” and an average price target of $61.85.
In other Kohl's Co. news, EVP Richard D. Schepp sold 15,300 shares of Kohl's Co. stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $59.55, for a total value of $911,115.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Kohl's Co. (NYSE:KSS) traded up 0.95% during mid-day trading on Wednesday, hitting $59.671. The stock had a trading volume of 333,855 shares. Kohl's Co. has a one year low of $48.68 and a one year high of $59.90. The stock’s 50-day moving average is $55.2 and its 200-day moving average is $54.47. The company has a market cap of $12.173 billion and a price-to-earnings ratio of 14.40.
Kohl's Co. (NYSE:KSS) last posted its quarterly earnings results 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. 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. 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 2.64%. 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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