Kohl’s Corp. (NYSE:KSS) Receives Consensus Rating of “Hold” from Analysts
Kohl’s Corp. (NYSE:KSS) has been assigned a consensus recommendation of “Hold” from the twenty-seven ratings firms that are covering the company. Six investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $48.44.
A number of brokerages have commented on KSS. Argus restated a “hold” rating on shares of Kohl’s Corp. in a research note on Monday, August 15th. RBC Capital Markets restated an “underperform” rating and issued a $44.00 target price (up previously from $37.00) on shares of Kohl’s Corp. in a research note on Saturday, August 13th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Kohl’s Corp. in a research note on Saturday, August 13th. Goldman Sachs Group Inc. restated a “sell” rating and issued a $35.00 target price on shares of Kohl’s Corp. in a research note on Monday, August 15th. Finally, TheStreet upgraded Kohl’s Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 19th.
Shares of Kohl’s Corp. (NYSE:KSS) traded down 0.61% on Monday, hitting $45.85. The stock had a trading volume of 1,505,177 shares. The stock has a market cap of $8.23 billion, a P/E ratio of 14.89 and a beta of 0.98. The firm’s 50-day moving average is $43.81 and its 200 day moving average is $41.23. Kohl’s Corp. has a 1-year low of $33.87 and a 1-year high of $52.06.
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Kohl’s Corp. (NYSE:KSS) last issued its earnings results on Thursday, August 11th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.19. Kohl’s Corp. had a return on equity of 13.39% and a net margin of 3.02%. The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities analysts forecast that Kohl’s Corp. will post $3.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th were given a dividend of $0.50 per share. The ex-dividend date was Friday, September 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 4.34%. Kohl’s Corp.’s dividend payout ratio (DPR) is presently 65.15%.
A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Kohl’s Corp. by 10.8% in the second quarter. JPMorgan Chase & Co. now owns 12,210,081 shares of the company’s stock worth $463,006,000 after buying an additional 1,186,640 shares during the period. American International Group Inc. raised its stake in Kohl’s Corp. by 5.2% in the second quarter. American International Group Inc. now owns 8,330,535 shares of the company’s stock worth $315,894,000 after buying an additional 410,731 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Kohl’s Corp. by 2.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,864,542 shares of the company’s stock worth $222,383,000 after buying an additional 114,163 shares during the last quarter. FMR LLC raised its position in shares of Kohl’s Corp. by 29.4% in the second quarter. FMR LLC now owns 3,992,895 shares of the company’s stock worth $151,410,000 after buying an additional 906,801 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in shares of Kohl’s Corp. by 3.7% in the second quarter. APG Asset Management N.V. now owns 3,735,362 shares of the company’s stock worth $141,645,000 after buying an additional 132,800 shares during the last quarter. Institutional investors and hedge funds own 97.75% of the company’s stock.
About Kohl’s Corp.
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company also operates an e-commerce Website (www.Kohls.com). The Company operates over 1,160 department stores in approximately 50 states. The Company sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products.
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