Kohl’s Corporation (KSS) Given a $39.00 Price Target at Royal Bank Of Canada
Kohl’s Corporation (NYSE:KSS) has been given a $39.00 price target by equities researchers at Royal Bank Of Canada in a research note issued to investors on Monday. The firm currently has a “sell” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 4.33% from the company’s previous close.
Several other equities analysts have also weighed in on the stock. Credit Suisse Group restated a “hold” rating and set a $39.00 price objective on shares of Kohl’s Corporation in a research report on Wednesday, May 17th. Vetr lowered shares of Kohl’s Corporation from a “strong-buy” rating to a “buy” rating and set a $40.78 price objective for the company. in a research report on Monday, May 15th. Zacks Investment Research upgraded shares of Kohl’s Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. BMO Capital Markets restated a “market perform” rating and set a $43.00 price objective (down previously from $45.00) on shares of Kohl’s Corporation in a research report on Monday, May 15th. Finally, Citigroup Inc. restated a “buy” rating and set a $44.00 price objective (down previously from $52.00) on shares of Kohl’s Corporation in a research report on Sunday, May 14th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $43.84.
Shares of Kohl’s Corporation (NYSE:KSS) traded down 0.11% during mid-day trading on Monday, hitting $37.34. 1,723,809 shares of the stock traded hands. The stock has a market cap of $6.37 billion, a P/E ratio of 10.81 and a beta of 1.13. Kohl’s Corporation has a 12-month low of $35.01 and a 12-month high of $59.67. The firm’s 50 day moving average price is $38.07 and its 200-day moving average price is $42.06.
Kohl’s Corporation (NYSE:KSS) last announced its earnings results on Thursday, May 11th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.10. Kohl’s Corporation had a net margin of 3.25% and a return on equity of 13.29%. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the firm posted $0.31 EPS. Kohl’s Corporation’s revenue was down 3.2% compared to the same quarter last year. Analysts predict that Kohl’s Corporation will post $3.65 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, June 7th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, June 5th. This represents a $2.20 annualized dividend and a yield of 5.89%. Kohl’s Corporation’s dividend payout ratio (DPR) is presently 64.14%.
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Institutional investors have recently made changes to their positions in the stock. Johnson Financial Group Inc. increased its position in shares of Kohl’s Corporation by 30.9% in the first quarter. Johnson Financial Group Inc. now owns 3,295 shares of the company’s stock valued at $132,000 after buying an additional 778 shares during the period. Seven Eight Capital LP bought a new position in shares of Kohl’s Corporation during the fourth quarter valued at approximately $200,000. Boothbay Fund Management LLC bought a new position in shares of Kohl’s Corporation during the fourth quarter valued at approximately $240,000. Breton Hill Capital Ltd. bought a new position in shares of Kohl’s Corporation during the first quarter valued at approximately $203,000. Finally, Keybank National Association OH increased its position in shares of Kohl’s Corporation by 6.4% in the fourth quarter. Keybank National Association OH now owns 5,311 shares of the company’s stock valued at $262,000 after buying an additional 321 shares during the period.
About Kohl’s Corporation
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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