Kohl's (KSS) Raised to “Overweight” at JPMorgan Chase & Co.
Kohl's (NYSE:KSS) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Friday, MarketBeat reports.
Several other research firms have also commented on KSS. Zacks Investment Research lowered shares of Kohl's from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank of Canada reiterated a “sell” rating on shares of Kohl's in a research note on Sunday, November 12th. Citigroup increased their price objective on shares of Kohl's from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, September 21st. Piper Jaffray Companies set a $55.00 price objective on shares of Kohl's and gave the company a “hold” rating in a research note on Wednesday. Finally, Jefferies Group reiterated a “buy” rating and issued a $50.00 price objective on shares of Kohl's in a research note on Wednesday, September 27th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $49.90.
Kohl's (NYSE KSS) traded up $2.75 during trading hours on Friday, reaching $63.87. 7,483,290 shares of the company’s stock traded hands, compared to its average volume of 4,540,000. 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 stock has a market cap of $10,730.00, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 2.26 and a beta of 1.24. Kohl's has a 52-week low of $35.16 and a 52-week high of $65.06.
Kohl's (NYSE:KSS) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Kohl's had a net margin of 3.47% and a return on equity of 12.72%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. analysts expect that Kohl's will post 4.06 earnings per share for the current year.
In other Kohl's news, Director Jonas Prising acquired 4,725 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $42.35 per share, with a total value of $200,103.75. Following the acquisition, the director now owns 8,661 shares in the company, valued at $366,793.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephanie A. Streeter sold 4,173 shares of the firm’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 directly owns 21,960 shares of the company’s stock, valued at $1,182,546. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. VNBTrust National Association bought a new position in Kohl's in the 4th quarter worth approximately $212,000. Raymond James Trust N.A. bought a new position in Kohl's in the 3rd quarter worth approximately $200,000. Keybank National Association OH bought a new position in Kohl's in the 3rd quarter worth approximately $207,000. Ingalls & Snyder LLC bought a new position in Kohl's in the 3rd quarter worth approximately $219,000. Finally, Steward Partners Investment Advisory LLC bought a new position in Kohl's in the 3rd quarter worth approximately $221,000.
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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.
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