Kohl's (NYSE:KSS) had its price objective boosted by stock analysts at Citigroup from $65.00 to $69.00 in a note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 18.88% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Kohl's from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Monday, October 16th. Telsey Advisory Group raised shares of Kohl's from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $43.00 to $50.00 in a report on Monday, October 9th. Robert W. Baird raised shares of Kohl's from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $46.00 to $47.00 in a report on Friday, November 10th. Royal Bank of Canada reissued a “sell” rating on shares of Kohl's in a report on Sunday, November 12th. Finally, Northcoast Research initiated coverage on shares of Kohl's in a report on Friday, December 8th. They set a “neutral” rating on the stock. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $47.10.
Kohl's (NYSE KSS) traded up $1.02 during midday trading on Wednesday, reaching $58.04. 837,521 shares of the company’s stock traded hands, compared to its average volume of 5,827,250. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.88. Kohl's has a fifty-two week low of $35.16 and a fifty-two week high of $59.09. The stock has a market capitalization of $9,580.00, a price-to-earnings ratio of 15.40, a P/E/G ratio of 2.16 and a beta of 1.24.
In other news, Director Jonas Prising acquired 4,725 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price 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 approximately $366,793.35. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephanie A. Streeter sold 4,173 shares of the company’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $53.85, for a total transaction of $224,716.05. Following the transaction, the director now owns 21,960 shares of the company’s stock, valued at approximately $1,182,546. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC raised its holdings in Kohl's by 10.6% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,335,761 shares of the company’s stock valued at $60,977,000 after acquiring an additional 128,330 shares during the last quarter. Shelton Capital Management raised its holdings in Kohl's by 9.3% in the 3rd quarter. Shelton Capital Management now owns 117,387 shares of the company’s stock valued at $5,359,000 after acquiring an additional 10,000 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Kohl's in the 3rd quarter valued at about $221,000. GSA Capital Partners LLP acquired a new stake in Kohl's in the 3rd quarter valued at about $617,000. Finally, Belpointe Asset Management LLC acquired a new stake in Kohl's in the 3rd quarter valued at about $512,000.
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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.
