Kohl's Co. (KSS) Stock Rating Reaffirmed by Credit Suisse Group AG
Kohl's Co. (NYSE:KSS)‘s stock had its “hold” rating reiterated by equities researchers at Credit Suisse Group AG in a research note issued on Wednesday. They presently have a $39.00 target price on the stock. Credit Suisse Group AG’s target price suggests a potential upside of 5.15% from the company’s previous close.
KSS has been the subject of several other reports. Vetr cut shares of Kohl's Co. from a “strong-buy” rating to a “buy” rating and set a $43.22 price objective for the company. in a research note on Tuesday, January 31st. Zacks Investment Research cut shares of Kohl's Co. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 17th. Piper Jaffray Companies started coverage on shares of Kohl's Co. in a research note on Friday, February 17th. They set a “neutral” rating and a $40.00 price objective for the company. Susquehanna Bancshares Inc started coverage on shares of Kohl's Co. in a research note on Friday, February 10th. They set a “neutral” rating and a $41.00 price objective for the company. Finally, Goldman Sachs Group Inc restated a “sell” rating on shares of Kohl's Co. in a research note on Sunday, February 5th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.84.
Shares of Kohl's Co. (NYSE:KSS) traded up 0.73% during mid-day trading on Wednesday, reaching $37.09. 5,950,989 shares of the company’s stock were exchanged. Kohl's Co. has a one year low of $34.10 and a one year high of $59.67. The company’s 50-day moving average price is $39.15 and its 200-day moving average price is $43.92. The company has a market capitalization of $6.39 billion, a PE ratio of 11.93 and a beta of 1.12.
Kohl's Co. (NYSE:KSS) last announced its quarterly earnings data on Thursday, May 11th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. Kohl's Co. had a net margin of 3.17% and a return on equity of 13.59%. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the business posted $0.31 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities analysts expect that Kohl's Co. will post $3.66 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend is Monday, June 5th. Kohl's Co.’s payout ratio is presently 61.16%.
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In related news, Director Frank V. Sica sold 14,628 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $42.32, for a total value of $619,056.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in KSS. Assetmark Inc. raised its stake in Kohl's Co. by 0.5% in the third quarter. Assetmark Inc. now owns 2,317 shares of the company’s stock worth $101,000 after buying an additional 11 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Kohl's Co. during the third quarter worth about $131,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Kohl's Co. during the third quarter worth about $131,000. Johnson Financial Group Inc. raised its stake in Kohl's Co. by 30.9% in the first quarter. Johnson Financial Group Inc. now owns 3,295 shares of the company’s stock worth $132,000 after buying an additional 778 shares during the last quarter. Finally, Global X Management Co. LLC raised its stake in Kohl's Co. by 112.0% in the second quarter. Global X Management Co. LLC now owns 3,724 shares of the company’s stock worth $141,000 after buying an additional 1,967 shares during the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.
About Kohl's Co.
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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