Kohl's (KSS) Rating Increased to Buy at Zacks Investment Research
Kohl's (NYSE:KSS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $71.00 price objective on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 9.92% from the company’s previous close.
According to Zacks, “Kohl’s has surpassed the industry in a year, fueled by its traffic boosting and sales driving initiatives. These efforts helped the company deliver a solid holiday season, as both comps and sales rose 6.9%, faring much better than the previous period performance. Sales were driven by strong digital demand and store traffic, which in turn was backed by Kohl’s strategies like its deal with Amazon and focus on including prominent brands. Additionally, Kohl’s has been expanding its online fulfillment centers to support growth at its online platform. Notably, the better-than-expected holiday sales led to a raised earnings view for fiscal 2017. The latest tax reforms are also likely to have a favorable impact on Kohl’s performance. However, the company has been incurring higher-shipping costs related to online business. Also, it expects SG&A costs in fiscal 2017 to rise at the higher end of its previously issued range.”
Other analysts also recently issued reports about the company. Gordon Haskett upgraded Kohl's from a “hold” rating to an “accumulate” rating in a research note on Thursday, November 9th. ValuEngine upgraded Kohl's from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Jefferies Group restated a “buy” rating and issued a $50.00 target price on shares of Kohl's in a research note on Wednesday, September 27th. Citigroup raised their target price on Kohl's from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, September 21st. Finally, Robert W. Baird set a $57.00 target price on Kohl's and gave the company a “buy” rating in a research note on Monday, December 25th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. Kohl's has a consensus rating of “Hold” and an average target price of $51.71.
Kohl's (NYSE:KSS) last issued its earnings results 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 analyst estimates of $4.30 billion. Kohl's had a net margin of 3.47% and a return on equity of 12.72%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. equities research analysts predict that Kohl's will post 4.06 earnings per share for the current fiscal year.
In other Kohl's news, Director Stephanie A. Streeter sold 4,173 shares of Kohl's stock in a transaction that occurred on Friday, December 22nd. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonas Prising bought 4,725 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of $42.35 per share, for a total transaction 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. 1.20% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Raymond James Trust N.A. bought a new position in shares of Kohl's during the 3rd quarter worth approximately $200,000. Keybank National Association OH bought a new position in shares of Kohl's during the 3rd quarter worth approximately $207,000. VNBTrust National Association bought a new position in shares of Kohl's during the 4th quarter worth approximately $212,000. BB&T Investment Services Inc. bought a new position in shares of Kohl's during the 2nd quarter worth approximately $217,000. Finally, Ingalls & Snyder LLC bought a new position in shares of Kohl's during the 3rd quarter worth approximately $219,000.
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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