ValuEngine Downgrades Kohl’s Corporation (KSS) to Hold
Kohl’s Corporation (NYSE:KSS) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Several other research firms have also commented on KSS. BidaskClub upgraded shares of Kohl’s Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Vetr lowered shares of Kohl’s Corporation from a “hold” rating to a “sell” rating and set a $37.51 price target on the stock. in a research report on Monday, July 17th. Royal Bank Of Canada set a $39.00 price target on shares of Kohl’s Corporation and gave the company a “sell” rating in a research report on Tuesday. TheStreet upgraded shares of Kohl’s Corporation from a “c+” rating to a “b-” rating in a research report on Monday, August 14th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $43.00 price target (down from $45.00) on shares of Kohl’s Corporation in a research report on Monday, May 15th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. Kohl’s Corporation currently has a consensus rating of “Hold” and a consensus target price of $42.73.
Kohl’s Corporation (KSS) traded up 2.22% during midday trading on Friday, reaching $40.10. The company had a trading volume of 2,230,833 shares. The stock has a market capitalization of $6.74 billion, a PE ratio of 10.26 and a beta of 1.15. Kohl’s Corporation has a 1-year low of $35.16 and a 1-year high of $59.67. The firm’s 50 day moving average is $39.81 and its 200 day moving average is $39.19.
Kohl’s Corporation (NYSE:KSS) last issued its earnings results on Thursday, August 10th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.05. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the company posted $1.22 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. On average, equities analysts anticipate that Kohl’s Corporation will post $3.75 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. FTB Advisors Inc. raised its position in Kohl’s Corporation by 8.5% in the first quarter. FTB Advisors Inc. now owns 145,400 shares of the company’s stock valued at $5,758,000 after buying an additional 11,365 shares during the period. Eqis Capital Management Inc. raised its position in Kohl’s Corporation by 48.7% in the first quarter. Eqis Capital Management Inc. now owns 7,185 shares of the company’s stock valued at $286,000 after buying an additional 2,354 shares during the period. State Treasurer State of Michigan raised its position in Kohl’s Corporation by 0.5% in the first quarter. State Treasurer State of Michigan now owns 58,010 shares of the company’s stock valued at $2,309,000 after buying an additional 300 shares during the period. ING Groep NV acquired a new position in Kohl’s Corporation during the first quarter valued at approximately $387,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in Kohl’s Corporation during the first quarter valued at approximately $1,564,000.
Kohl’s Corporation 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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