Kohl’s Corporation (KSS) Raised to “Buy” at Zacks Investment Research
Kohl’s Corporation (NYSE:KSS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $41.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 11.08% from the company’s previous close.
According to Zacks, “Although Kohl’s shares have underperformed the broader retail sector since the past six months due to difficult sales environment and lower comparable store sales, the company is making continuous efforts to improve its base business. The company prides on its strong brand portfolio and also commits to innovation, in order to keep the inventory assortment fresh and drive customer traffic to its stores and website. Lately, the company has started offering more outside famous brands and cutting down on the number of in-house clothing brands it sells. We note that strong inventory and expense management also led to year over year margin improvement during the first quarter of fiscal 2017. Although Kohl’s strategic initiative ‘Greatness Agenda’ is failing to deliver results in the near term, it remains optimistic regarding the plan to drive sales over the long term.”
A number of other research analysts have also recently issued reports on the stock. BMO Capital Markets reissued a “hold” rating and issued a $45.00 price objective on shares of Kohl’s Corporation in a research note on Monday, March 27th. Vetr cut shares of Kohl’s Corporation from a “strong-buy” rating to a “hold” rating and set a $37.51 price objective on the stock. in a research note on Tuesday, June 27th. Jefferies Group LLC decreased their price objective on shares of Kohl’s Corporation from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. Royal Bank Of Canada set a $42.00 target price on shares of Kohl’s Corporation and gave the stock a “sell” rating in a research note on Monday, March 20th. Finally, Piper Jaffray Companies set a $38.00 target price on shares of Kohl’s Corporation and gave the stock a “hold” rating in a research note on Thursday, May 11th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $42.83.
Shares of Kohl’s Corporation (KSS) traded up 0.76% on Tuesday, hitting $36.91. The stock had a trading volume of 2,430,698 shares. The firm has a market capitalization of $6.29 billion, a P/E ratio of 10.69 and a beta of 1.15. Kohl’s Corporation has a 12-month low of $35.16 and a 12-month high of $59.67. The company has a 50 day moving average of $37.49 and a 200-day moving average of $40.85.
Kohl’s Corporation (NYSE:KSS) last announced its quarterly earnings data on Thursday, May 11th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Kohl’s Corporation had a net margin of 3.25% and a return on equity of 13.29%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. Equities analysts predict that Kohl’s Corporation will post $3.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th were issued a $0.55 dividend. The ex-dividend date of this dividend was Monday, June 5th. This represents a $2.20 annualized dividend and a yield of 5.96%. Kohl’s Corporation’s payout ratio is 64.14%.
COPYRIGHT VIOLATION NOTICE: “Kohl’s Corporation (KSS) Raised to “Buy” at Zacks Investment Research” was published by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/07/11/kohls-corporation-kss-raised-to-buy-at-zacks-investment-research.html.
A number of institutional investors have recently added to or reduced their stakes in KSS. Johnson Financial Group Inc. raised its position in 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 last quarter. Breton Hill Capital Ltd. purchased a new position in Kohl’s Corporation during the first quarter valued at about $203,000. Atria Investments LLC purchased a new position in Kohl’s Corporation during the second quarter valued at about $227,000. Altfest L J & Co. Inc. raised its position in Kohl’s Corporation by 1.2% in the first quarter. Altfest L J & Co. Inc. now owns 5,732 shares of the company’s stock valued at $228,000 after buying an additional 66 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in Kohl’s Corporation by 6.9% in the first quarter. Thrivent Financial For Lutherans now owns 6,625 shares of the company’s stock valued at $264,000 after buying an additional 430 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kohl's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.