Kohl's (KSS) PT Raised to $70.00 at Bank of America

Kohl's (NYSE:KSS) had its target price lifted by Bank of America from $68.00 to $70.00 in a report published on Thursday morning. Bank of America currently has a buy rating on the stock.

KSS has been the topic of a number of other reports. Zacks Investment Research raised Kohl's from a hold rating to a buy rating and set a $47.00 price objective on the stock in a report on Monday, October 16th. Robert W. Baird raised Kohl's from a neutral rating to an outperform rating and raised their price objective for the company from $46.00 to $47.00 in a report on Friday, November 10th. Jefferies Group reissued a buy rating on shares of Kohl's in a report on Monday, December 18th. Northcoast Research initiated coverage on Kohl's in a report on Friday, December 8th. They set a neutral rating on the stock. Finally, Royal Bank of Canada reissued a sell rating on shares of Kohl's in a report on Sunday, November 12th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $56.19.

Shares of Kohl's (NYSE KSS) opened at $61.47 on Thursday. The stock has a market capitalization of $10,327.26, a PE ratio of 16.31, a PEG ratio of 1.97 and a beta of 1.35. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.88. Kohl's has a 12-month low of $35.16 and a 12-month high of $69.14.

Kohl's (NYSE:KSS) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.02). The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.30 billion. Kohl's had a net margin of 3.47% and a return on equity of 12.72%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. sell-side analysts forecast that Kohl's will post 4.08 earnings per share for the current year.

In related news, Director Jonas Prising purchased 4,725 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were acquired at an average cost of $42.35 per share, with a total value of $200,103.75. Following the purchase, the director now directly owns 8,661 shares of the company’s stock, valued at $366,793.35. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephanie A. Streeter sold 4,173 shares of Kohl'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 value of $224,716.05. Following the completion of the transaction, the director now directly owns 21,960 shares in the company, valued at $1,182,546. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in KSS. Cerebellum GP LLC purchased a new position in shares of Kohl's during the fourth quarter valued at approximately $121,000. Calton & Associates Inc. purchased a new position in shares of Kohl's during the fourth quarter valued at approximately $202,000. Squar Milner Financial Services LLC purchased a new position in shares of Kohl's during the fourth quarter valued at approximately $230,000. CIBC World Markets Inc. purchased a new position in shares of Kohl's during the fourth quarter valued at approximately $202,000. Finally, VNBTrust National Association purchased a new position in shares of Kohl's during the fourth quarter valued at approximately $212,000.

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Kohl's Company Profile

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.

Analyst Recommendations for Kohl's (NYSE:KSS)

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