Zacks Investment Research upgraded shares of Kohl’s Corporation (NYSE:KSS) from a hold rating to a buy rating in a research report report published on Monday. They currently have $47.00 price target on the stock.
According to Zacks, “The company’s shares have been rising over the past three months in comparison to the industry, driven by the initiatives taken to boost sales. Notably, Kohl’s has been trying hard to attract more shoppers and improve sales. The company’s extended partnership with online giant Amazon.com is also expected to boost company’s traffic. Though the retail environment remains tough, Kohl’s has managed to report upbeat second quarter of fiscal 2017 results, owing to improved sales trend in all lines of business, strong inventory and expense management. The company also expects its strategic initiative ‘Greatness Agenda’ to bear fruits in the long-term and turnaround declining comps. The company’s e-commerce efforts also remain appealing. Kohl’s has also undertaken several initiatives to reduce its inventory, which in turn leads to improvement in merchandise margins.”
Several other brokerages also recently commented on KSS. BidaskClub raised shares of Kohl’s Corporation from a sell rating to a hold rating in a research note on Wednesday, July 5th. Vetr downgraded shares of Kohl’s Corporation from a hold rating to a sell rating and set a $37.51 price objective for the company. in a research note on Monday, July 17th. Royal Bank Of Canada set a $39.00 price objective on shares of Kohl’s Corporation and gave the company a sell rating in a research note on Tuesday, August 29th. TheStreet raised shares of Kohl’s Corporation from a c+ rating to a b- rating in a research note on Monday, August 14th. Finally, Citigroup Inc. increased their price objective on shares of Kohl’s Corporation from $44.00 to $51.00 and gave the company a buy rating in a research note on Thursday, September 21st. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $43.20.
Kohl’s Corporation (NYSE KSS) remained flat at $43.63 on Monday. 560,277 shares of the company traded hands. The stock has a 50-day moving average of $43.67 and a 200-day moving average of $40.01. Kohl’s Corporation has a 12 month low of $35.16 and a 12 month high of $59.67. The stock has a market cap of $7.36 billion, a P/E ratio of 11.17 and a beta of 1.19.
Kohl’s Corporation (NYSE:KSS) last posted its quarterly earnings results on Thursday, August 10th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.05. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.12 billion. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the business posted $1.22 EPS. Equities analysts forecast that Kohl’s Corporation will post $3.76 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Friday, September 1st. Kohl’s Corporation’s dividend payout ratio is currently 56.41%.
Several hedge funds and other institutional investors have recently modified their holdings of KSS. BlackRock Inc. grew its holdings in shares of Kohl’s Corporation by 2,606.7% during the first quarter. BlackRock Inc. now owns 18,394,298 shares of the company’s stock valued at $732,277,000 after buying an additional 17,714,714 shares during the last quarter. Balyasny Asset Management LLC grew its holdings in shares of Kohl’s Corporation by 28,709.6% during the second quarter. Balyasny Asset Management LLC now owns 1,667,786 shares of the company’s stock valued at $64,493,000 after buying an additional 1,661,997 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kohl’s Corporation by 48.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,809,881 shares of the company’s stock valued at $191,493,000 after buying an additional 1,567,414 shares during the last quarter. Morgan Stanley grew its holdings in shares of Kohl’s Corporation by 45.1% during the first quarter. Morgan Stanley now owns 4,703,551 shares of the company’s stock valued at $187,248,000 after buying an additional 1,461,596 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Kohl’s Corporation by 34.9% during the second quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock valued at $208,851,000 after buying an additional 1,396,006 shares during the last quarter.
About Kohl’s Corporation
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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