Kohl's Co. (KSS) Receives Average Rating of “Hold” from Brokerages
Shares of Kohl's Co. (NYSE:KSS) have earned an average rating of “Hold” from the twenty-four analysts that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $44.00.
Several brokerages have recently issued reports on KSS. Credit Suisse Group raised their price objective on Kohl's from $39.00 to $44.00 and gave the stock an “underperform” rating in a research note on Monday, August 14th. Cowen restated a “market perform” rating and issued a $42.00 price objective (down from $43.00) on shares of Kohl's in a research note on Friday, August 11th. UBS restated a “neutral” rating and issued a $38.00 price objective on shares of Kohl's in a research note on Monday, August 14th. Robert W. Baird restated a “neutral” rating and issued a $43.00 price objective on shares of Kohl's in a research note on Thursday, September 7th. Finally, Zacks Investment Research upgraded Kohl's from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, October 16th.
Shares of Kohl's (NYSE:KSS) traded up $0.27 during trading hours on Thursday, hitting $47.97. The stock had a trading volume of 6,453,699 shares, compared to its average volume of 4,473,681. Kohl's has a 1 year low of $35.16 and a 1 year high of $59.67. The stock has a market capitalization of $7,756.36, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.84 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 1.63.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Tuesday, December 5th. Kohl's’s dividend payout ratio is currently 58.36%.
In related news, Director Jonas Prising purchased 4,725 shares of Kohl's stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $42.35 per share, for a total transaction of $200,103.75. Following the completion of the transaction, the director now owns 8,661 shares in the company, valued at $366,793.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Balyasny Asset Management LLC increased its position in shares of Kohl's by 28,709.6% in the second quarter. Balyasny Asset Management LLC now owns 1,667,786 shares of the company’s stock valued at $64,493,000 after buying an additional 1,661,997 shares in the last quarter. Northern Trust Corp increased its position in shares of Kohl's by 34.9% in the second quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock valued at $208,851,000 after buying an additional 1,396,006 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Kohl's in the third quarter valued at approximately $46,574,000. Royal Bank of Canada increased its position in shares of Kohl's by 220.4% in the second quarter. Royal Bank of Canada now owns 460,527 shares of the company’s stock valued at $17,810,000 after buying an additional 843,101 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Kohl's by 115.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,220,851 shares of the company’s stock valued at $47,210,000 after buying an additional 653,659 shares in the last quarter.
Kohl's 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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