Kohl’s Corp. (NYSE:KSS)‘s stock had its “buy” rating reiterated by stock analysts at Bank of America Corp. in a note issued to investors on Thursday. They presently have a $50.00 price target on the stock. Bank of America Corp.’s price target would indicate a potential upside of 16.82% from the stock’s current price.
A number of other brokerages have also weighed in on KSS. Deutsche Bank AG raised their price target on shares of Kohl’s Corp. from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, August 12th. Jefferies Group reaffirmed a “buy” rating on shares of Kohl’s Corp. in a research note on Monday, September 12th. Vetr lowered shares of Kohl’s Corp. from a “strong-buy” rating to a “hold” rating and set a $41.50 price target on the stock. in a research note on Monday, August 1st. TheStreet raised shares of Kohl’s Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 19th. Finally, Argus reiterated a “hold” rating on shares of Kohl’s Corp. in a report on Monday, August 15th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $47.64.
Shares of Kohl’s Corp. (NYSE:KSS) traded up 0.68% on Thursday, hitting $42.80. The company’s stock had a trading volume of 2,942,069 shares. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 13.90 and a beta of 0.81. Kohl’s Corp. has a one year low of $33.87 and a one year high of $52.06. The stock has a 50-day moving average price of $43.87 and a 200 day moving average price of $41.39.
Kohl’s Corp. (NYSE:KSS) last issued its quarterly earnings results on Thursday, August 11th. The company reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.19. The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.16 billion. Kohl’s Corp. had a net margin of 3.02% and a return on equity of 13.39%. Kohl’s Corp.’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company posted $1.07 EPS. Equities research analysts predict that Kohl’s Corp. will post $3.89 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $2.00 annualized dividend and a dividend yield of 4.67%. Kohl’s Corp.’s dividend payout ratio (DPR) is currently 65.15%.
Several large investors have recently added to or reduced their stakes in KSS. Pacer Advisors Inc. boosted its stake in Kohl’s Corp. by 6.8% in the second quarter. Pacer Advisors Inc. now owns 3,435 shares of the company’s stock valued at $130,000 after buying an additional 218 shares during the period. Cedar Wealth Management LLC boosted its stake in Kohl’s Corp. by 66.5% in the second quarter. Cedar Wealth Management LLC now owns 3,429 shares of the company’s stock valued at $130,000 after buying an additional 1,370 shares during the period. Global X Management Co. LLC boosted its stake in Kohl’s Corp. by 112.0% in the second quarter. Global X Management Co. LLC now owns 3,724 shares of the company’s stock valued at $141,000 after buying an additional 1,967 shares during the period. AXA purchased a new stake in Kohl’s Corp. during the first quarter valued at about $166,000. Finally, Tower Research Capital LLC TRC purchased a new stake in Kohl’s Corp. during the second quarter valued at about $184,000. 97.75% of the stock is owned by institutional investors and hedge funds.
Kohl’s Corp. Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company also operates an e-commerce Website (www.Kohls.com). The Company operates over 1,160 department stores in approximately 50 states. The Company sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products.
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