Bank of America Boosts Kohl's (KSS) Price Target to $70.00

Kohl's (NYSE:KSS) had its target price increased by Bank of America from $68.00 to $70.00 in a research note issued on Thursday. The brokerage presently has a “buy” rating on the stock. Bank of America’s price target would indicate a potential upside of 12.52% from the company’s current price.

Several other research analysts have also recently 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 target on the stock in a report on Monday, October 16th. Robert W. Baird raised shares of Kohl's from a “neutral” rating to an “outperform” rating and increased their price target for the company from $46.00 to $47.00 in a report on Friday, November 10th. Jefferies Group reissued a “buy” rating on shares of Kohl's in a report on Monday, December 18th. Northcoast Research started coverage on shares of Kohl's in a report on Friday, December 8th. They issued a “neutral” rating on the stock. Finally, Royal Bank of Canada reissued a “sell” rating on shares of Kohl's in a report on Sunday, November 12th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $55.50.

Kohl's (NYSE:KSS) traded down $0.71 during trading on Thursday, reaching $62.21. 2,082,357 shares of the company’s stock traded hands, compared to its average volume of 4,238,541. The company has a market cap of $10,330.00, a PE ratio of 16.50, a P/E/G ratio of 2.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 1.63. Kohl's has a 52-week low of $35.16 and a 52-week high of $69.14.

Kohl's (NYSE:KSS) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate 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 was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 earnings per share. equities analysts forecast that Kohl's will post 4.08 EPS for the current year.

In related 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 value of $224,716.05. Following the transaction, the director now directly owns 21,960 shares of the company’s stock, valued at $1,182,546. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonas Prising acquired 4,725 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average cost of $42.35 per share, for a total transaction of $200,103.75. Following the completion of the purchase, the director now directly owns 8,661 shares of the company’s stock, 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.

Large investors have recently made changes to their positions in the stock. Hourglass Capital LLC acquired a new stake in Kohl's in the fourth quarter valued at approximately $244,000. Pinnacle Financial Partners Inc. boosted its position in Kohl's by 10.2% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 53,094 shares of the company’s stock valued at $2,879,000 after buying an additional 4,911 shares in the last quarter. Sei Investments Co. boosted its position in Kohl's by 18.7% in the fourth quarter. Sei Investments Co. now owns 170,288 shares of the company’s stock valued at $9,235,000 after buying an additional 26,853 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in Kohl's by 295.0% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 89,740 shares of the company’s stock valued at $4,866,000 after buying an additional 67,021 shares in the last quarter. Finally, Brookstone Capital Management boosted its position in Kohl's by 1,382.6% in the fourth quarter. Brookstone Capital Management now owns 111,940 shares of the company’s stock valued at $6,071,000 after buying an additional 104,390 shares in the last quarter.

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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.

Analyst Recommendations for Kohl's (NYSE:KSS)

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