Kohl's’ (KSS) “Buy” Rating Reaffirmed at Jefferies Group

Kohl's (NYSE:KSS)‘s stock had its “buy” rating restated by Jefferies Group in a research note issued on Friday. They presently have a $100.00 price target on the stock. Jefferies Group’s target price indicates a potential upside of 54.20% from the company’s current price.

Several other equities analysts also recently commented on KSS. Zacks Investment Research raised shares of Kohl's from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Wednesday. Robert W. Baird set a $70.00 target price on shares of Kohl's and gave the company a “buy” rating in a research note on Tuesday. They noted that the move was a valuation call. BMO Capital Markets set a $60.00 target price on shares of Kohl's and gave the company a “hold” rating in a research note on Friday, January 12th. Royal Bank of Canada upgraded shares of Kohl's from an “underperform” rating to a “sector perform” rating and set a $60.00 price target on the stock in a report on Friday, January 12th. Finally, JPMorgan Chase & Co. upgraded shares of Kohl's from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $51.00 to $72.00 in a report on Friday, January 12th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $54.10.

Shares of Kohl's (NYSE:KSS) traded up $0.26 during trading on Friday, reaching $64.85. 2,848,800 shares of the company’s stock traded hands, compared to its average volume of 5,212,117. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.63 and a quick ratio of 0.30. The stock has a market capitalization of $10,900.00, a PE ratio of 17.20, a PEG ratio of 2.38 and a beta of 1.24. Kohl's has a twelve month low of $35.16 and a twelve month high of $65.23.

Kohl's (NYSE:KSS) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.02). The company had revenue of $4.33 billion for 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 firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. research analysts forecast that Kohl's will post 4.07 earnings per share for the current fiscal year.

In related news, Director Jonas Prising acquired 4,725 shares of Kohl's stock in a transaction that occurred 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 acquisition, the director now owns 8,661 shares in the company, valued at $366,793.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephanie A. Streeter sold 4,173 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $53.85, for a total transaction of $224,716.05. Following the completion of the sale, the director now owns 21,960 shares in the company, valued at $1,182,546. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of KSS. Franklin Resources Inc. purchased a new stake in Kohl's during the second quarter worth about $2,267,000. Nationwide Fund Advisors increased its stake in Kohl's by 38.1% during the second quarter. Nationwide Fund Advisors now owns 69,451 shares of the company’s stock worth $2,686,000 after purchasing an additional 19,155 shares during the period. Amalgamated Bank increased its stake in Kohl's by 168.2% during the second quarter. Amalgamated Bank now owns 34,423 shares of the company’s stock worth $1,331,000 after purchasing an additional 21,590 shares during the period. Profund Advisors LLC purchased a new stake in Kohl's during the second quarter worth about $221,000. Finally, Thrivent Financial For Lutherans increased its stake in Kohl's by 3.7% during the second quarter. Thrivent Financial For Lutherans now owns 6,870 shares of the company’s stock worth $265,000 after purchasing an additional 245 shares during the period.

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About Kohl's

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.

Analyst Recommendations for Kohl's (NYSE:KSS)

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