Credit Suisse Group assumed coverage on shares of Kohl's (NYSE:KSS) in a research report issued to clients and investors on Monday, The Fly reports. The firm set an “outperform” rating on the stock.
A number of other research firms also recently issued reports on KSS. Bank of America lifted their price objective on Kohl's from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Jefferies Group reaffirmed a “buy” rating on shares of Kohl's in a research note on Monday, December 18th. ValuEngine raised Kohl's from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 17th. Northcoast Research started coverage on Kohl's in a research note on Friday, December 8th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research raised Kohl's from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Wednesday, January 17th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $58.39.
Shares of Kohl's (NYSE KSS) traded up $0.06 on Monday, reaching $63.03. The company had a trading volume of 3,082,869 shares, compared to its average volume of 4,257,436. The company has a market cap of $10,579.26, a P/E ratio of 12.26, a PEG ratio of 1.80 and a beta of 1.27. Kohl's has a 52 week low of $35.16 and a 52 week high of $69.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 0.67.
In other news, Director Stephanie A. Streeter sold 4,173 shares of the business’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 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 filing with the SEC, which is accessible through the SEC website. Also, Director Peter Boneparth sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $66.18, for a total value of $496,350.00. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Kohl's by 3.8% during the 4th quarter. BlackRock Inc. now owns 18,729,042 shares of the company’s stock valued at $1,015,677,000 after acquiring an additional 680,124 shares during the period. LSV Asset Management boosted its holdings in Kohl's by 2.0% during the 4th quarter. LSV Asset Management now owns 6,566,130 shares of the company’s stock valued at $356,081,000 after acquiring an additional 130,540 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Kohl's by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,834,433 shares of the company’s stock valued at $266,349,000 after acquiring an additional 377,083 shares during the period. Wells Fargo & Company MN boosted its holdings in Kohl's by 2.6% during the 4th quarter. Wells Fargo & Company MN now owns 4,804,605 shares of the company’s stock valued at $260,553,000 after acquiring an additional 123,281 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Kohl's during the 4th quarter valued at $133,005,000.
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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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