Kohl's Co. (NYSE:KSS) has earned a consensus recommendation of “Hold” from the twenty-five brokerages that are currently covering the company. Six equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $47.67.
Several brokerages recently issued reports on KSS. Credit Suisse Group AG set a $39.00 price target on Kohl's Co. and gave the stock a “sell” rating in a report on Saturday, February 18th. BMO Capital Markets reissued a “hold” rating and issued a $45.00 price objective on shares of Kohl's Co. in a research report on Monday. Zacks Investment Research cut Kohl's Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th. Royal Bank of Canada set a $42.00 price objective on Kohl's Co. and gave the stock a “sell” rating in a research report on Thursday, January 5th. Finally, Telsey Advisory Group cut Kohl's Co. from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $58.00 to $47.00 in a research report on Thursday, January 5th.
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In related news, Director Frank V. Sica sold 14,628 shares of the stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $42.32, for a total transaction of $619,056.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of KSS. Assetmark Inc. increased its position in Kohl's Co. by 0.5% in the third quarter. Assetmark Inc. now owns 2,317 shares of the company’s stock valued at $101,000 after buying an additional 11 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Kohl's Co. during the third quarter valued at approximately $131,000. Fuller & Thaler Asset Management Inc. acquired a new position in Kohl's Co. during the third quarter valued at approximately $131,000. Cedar Wealth Management LLC increased its position in Kohl's Co. by 5.7% in the third quarter. Cedar Wealth Management LLC now owns 3,624 shares of the company’s stock valued at $159,000 after buying an additional 195 shares during the period. Finally, Kernodle & Katon Asset Management Group LLC acquired a new position in Kohl's Co. during the third quarter valued at approximately $198,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.
Kohl's Co. (NYSE:KSS) opened at 37.56 on Thursday. The company has a 50 day moving average price of $40.56 and a 200-day moving average price of $45.09. The company has a market cap of $6.47 billion, a PE ratio of 12.08 and a beta of 1.12. Kohl's Co. has a 12 month low of $33.87 and a 12 month high of $59.67.
Kohl's Co. (NYSE:KSS) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.11. Kohl's Co. had a return on equity of 13.59% and a net margin of 3.17%. The business earned $6.21 billion during the quarter, compared to the consensus estimate of $6.22 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. Kohl's Co.’s revenue was down 2.8% compared to the same quarter last year. Equities analysts predict that Kohl's Co. will post $3.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 22nd. Investors of record on Wednesday, March 8th were issued a dividend of $0.55 per share. This is a boost from Kohl's Co.’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 6th. This represents a $2.20 dividend on an annualized basis and a yield of 5.86%. Kohl's Co.’s dividend payout ratio is 61.16%.
Kohl's Co. 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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