Kohl’s Corporation (KSS) Receives Average Rating of “Hold” from Brokerages
Kohl’s Corporation (NYSE:KSS) has received an average rating of “Hold” from the twenty-five analysts that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $43.61.
A number of equities analysts recently weighed in on KSS shares. TheStreet raised shares of Kohl’s Corporation from a “c+” rating to a “b-” rating in a report on Monday, August 14th. BidaskClub upgraded Kohl’s Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price objective on shares of Kohl’s Corporation in a research note on Sunday, July 30th. Zacks Investment Research upgraded Kohl’s Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Tuesday, July 11th. Finally, Instinet restated a “buy” rating and issued a $51.00 price objective (up from $41.00) on shares of Kohl’s Corporation in a research note on Thursday, August 10th.
Shares of Kohl’s Corporation (KSS) traded down 0.09% during trading on Wednesday, hitting $43.22. 2,095,350 shares of the stock traded hands. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 11.06 and a beta of 1.19. Kohl’s Corporation has a 1-year low of $35.16 and a 1-year high of $59.67. The stock has a 50 day moving average price of $43.11 and a 200-day moving average price of $39.89.
Kohl’s Corporation (NYSE:KSS) last issued its quarterly earnings results on Thursday, August 10th. The company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.05. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.12 billion. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.22 EPS. Equities analysts forecast that Kohl’s Corporation will post $3.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend was Friday, September 1st. Kohl’s Corporation’s payout ratio is 56.41%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Ffcm LLC grew its holdings in shares of Kohl’s Corporation by 179.3% during the second quarter. Ffcm LLC now owns 3,033 shares of the company’s stock worth $120,000 after purchasing an additional 1,947 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in shares of Kohl’s Corporation by 30.9% during the first quarter. Johnson Financial Group Inc. now owns 3,295 shares of the company’s stock worth $132,000 after purchasing an additional 778 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of Kohl’s Corporation by 68.6% during the second quarter. CENTRAL TRUST Co now owns 3,324 shares of the company’s stock worth $129,000 after purchasing an additional 1,352 shares in the last quarter. Exane Derivatives grew its holdings in shares of Kohl’s Corporation by 209.8% during the second quarter. Exane Derivatives now owns 3,687 shares of the company’s stock worth $143,000 after purchasing an additional 2,497 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Kohl’s Corporation during the second quarter worth about $146,000.
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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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