Argus Reaffirms “Hold” Rating for Kohl's Co. (KSS)
Kohl's Co. (NYSE:KSS)‘s stock had its “hold” rating reiterated by Argus in a note issued to investors on Monday. They presently have a $39.50 target price on the stock. Argus’ target price indicates a potential upside of 2.23% from the stock’s previous close.
KSS has been the subject of a number of other reports. Credit Suisse Group upped their price target on Kohl's Co. from $39.00 to $44.00 and gave the company an “underperform” rating in a research note on Monday. BMO Capital Markets set a $43.00 price target on Kohl's Co. and gave the company a “hold” rating in a research note on Friday. Vetr cut Kohl's Co. from a “strong-buy” rating to a “buy” rating and set a $40.78 price target for the company. in a research note on Monday, May 15th. Deutsche Bank AG upped their price target on Kohl's Co. from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, August 8th. Finally, Gordon Haskett raised Kohl's Co. from a “reduce” rating to a “hold” rating and upped their price target for the company from $36.00 to $37.00 in a research note on Thursday. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.73.
Kohl's Co. (NYSE:KSS) traded up 0.54% on Monday, hitting $38.85. 1,289,397 shares of the stock traded hands. The stock has a market capitalization of $6.53 billion, a P/E ratio of 9.94 and a beta of 1.16. The company’s 50 day moving average price is $39.64 and its 200-day moving average price is $39.37. Kohl's Co. has a 12-month low of $35.16 and a 12-month high of $59.67.
Kohl's Co. (NYSE:KSS) last announced its quarterly earnings results on Thursday, August 10th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.05. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Kohl's Co. had a return on equity of 16.65% and a net margin of 5.02%. Kohl's Co.’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 EPS. Analysts predict that Kohl's Co. will post $3.74 EPS for the current year.
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Large investors have recently added to or reduced their stakes in the stock. Candriam Luxembourg S.C.A. increased its stake in Kohl's Co. by 23.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 13,091 shares of the company’s stock valued at $521,000 after buying an additional 2,494 shares during the last quarter. James Investment Research Inc. bought a new stake in Kohl's Co. during the first quarter valued at approximately $342,000. Rothschild Investment Corp IL increased its stake in Kohl's Co. by 4.5% in the first quarter. Rothschild Investment Corp IL now owns 52,150 shares of the company’s stock valued at $2,076,000 after buying an additional 2,235 shares during the last quarter. Butensky & Cohen Financial Security Inc. increased its stake in Kohl's Co. by 2.3% in the first quarter. Butensky & Cohen Financial Security Inc. now owns 35,210 shares of the company’s stock valued at $1,402,000 after buying an additional 805 shares during the last quarter. Finally, Hartford Investment Management Co. increased its stake in Kohl's Co. by 9.8% in the first quarter. Hartford Investment Management Co. now owns 47,900 shares of the company’s stock valued at $1,907,000 after buying an additional 4,265 shares during the last quarter.
Kohl's Co. Company Profile
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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