Wall Street Zen upgraded shares of Kohl’s (NYSE:KSS – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.
Other analysts also recently issued reports about the company. The Goldman Sachs Group reissued a “sell” rating on shares of Kohl’s in a research report on Thursday, May 29th. Barclays boosted their price objective on Kohl’s from $4.00 to $5.00 and gave the company an “underweight” rating in a research note on Friday, May 30th. Evercore ISI cut their target price on shares of Kohl’s from $9.00 to $8.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. Telsey Advisory Group reissued a “market perform” rating and issued a $9.00 price target on shares of Kohl’s in a research report on Thursday, May 29th. Finally, UBS Group cut their price objective on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a report on Wednesday, March 12th. Seven equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $9.75.
Get Our Latest Analysis on Kohl’s
Kohl’s Price Performance
Kohl’s (NYSE:KSS – Get Free Report) last released its earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.09. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the company earned ($0.24) earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities research analysts forecast that Kohl’s will post 1.3 earnings per share for the current year.
Kohl’s Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.50 annualized dividend and a dividend yield of 6.16%. Kohl’s’s payout ratio is currently 45.87%.
Institutional Investors Weigh In On Kohl’s
Several large investors have recently added to or reduced their stakes in KSS. Alyeska Investment Group L.P. bought a new position in shares of Kohl’s in the first quarter worth approximately $11,650,000. Marshall Wace LLP bought a new position in shares of Kohl’s in the 4th quarter worth $19,874,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Kohl’s in the 1st quarter worth $7,818,000. Gate City Capital Management LLC purchased a new stake in shares of Kohl’s during the 4th quarter valued at $12,773,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Kohl’s by 88.1% during the 1st quarter. AQR Capital Management LLC now owns 1,774,244 shares of the company’s stock worth $14,513,000 after acquiring an additional 831,055 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.
Kohl’s Company Profile
Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.
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