Kohl's (NYSE:KSS) received a $48.00 price objective from investment analysts at MKM Partners in a report issued on Thursday. The brokerage currently has a “hold” rating on the stock. MKM Partners’ price objective suggests a potential downside of 11.70% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Robert W. Baird reissued a “neutral” rating and set a $43.00 target price on shares of Kohl's in a research note on Thursday, September 7th. Cowen reissued a “market perform” rating and set a $47.00 target price (up from $42.00) on shares of Kohl's in a research note on Thursday, September 21st. Zacks Investment Research raised Kohl's from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Monday, October 16th. Jefferies Group reissued a “buy” rating on shares of Kohl's in a research note on Monday, December 18th. Finally, Telsey Advisory Group raised Kohl's from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $43.00 to $50.00 in a research note on Monday, October 9th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $44.11.
Shares of Kohl's (KSS) traded down $0.32 during mid-day trading on Thursday, hitting $54.36. The stock had a trading volume of 4,433,022 shares, compared to its average volume of 3,457,230. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.88. The company has a market cap of $9,132.75, a PE ratio of 14.42, a PEG ratio of 2.16 and a beta of 1.24. Kohl's has a one year low of $35.16 and a one year high of $57.28.
In other Kohl's news, Director Stephanie A. Streeter sold 4,173 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $53.85, for a total transaction of $224,716.05. Following the completion of the transaction, the director now owns 21,960 shares of the company’s stock, valued at approximately $1,182,546. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jonas Prising purchased 4,725 shares of Kohl's stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of $42.35 per share, with a total value of $200,103.75. Following the transaction, the director now owns 8,661 shares in the company, valued at $366,793.35. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in KSS. Schwab Charles Investment Management Inc. boosted its holdings in shares of Kohl's by 6.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,098,025 shares of the company’s stock valued at $42,461,000 after buying an additional 62,310 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Kohl's by 15.0% in the 2nd quarter. Victory Capital Management Inc. now owns 87,313 shares of the company’s stock valued at $3,376,000 after buying an additional 11,368 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Kohl's by 1.2% in the 2nd quarter. Swiss National Bank now owns 643,683 shares of the company’s stock valued at $24,891,000 after buying an additional 7,400 shares during the last quarter. Delta Lloyd Asset Management N.V. acquired a new stake in shares of Kohl's in the 2nd quarter valued at approximately $1,027,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Kohl's in the 2nd quarter valued at approximately $275,000.
TRADEMARK VIOLATION NOTICE: “MKM Partners Analysts Give Kohl's (KSS) a $48.00 Price Target” was originally published by American Market News and is the sole property of of American Market News. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/01/07/mkm-partners-analysts-give-kohls-kss-a-48-00-price-target.html.
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.
