Kohl’s (NYSE:KSS) Price Target Raised to $49.00

Kohl’s (NYSE:KSS) had its target price upped by UBS Group from $47.00 to $49.00 in a report issued on Monday morning, BenzingaRatingsTable reports. UBS Group currently has a neutral rating on the stock.

Several other research firms also recently issued reports on KSS. OTR Global downgraded Kohl’s to a positive rating in a research note on Friday, August 2nd. Telsey Advisory Group decreased their price objective on Kohl’s from $65.00 to $60.00 and set an outperform rating for the company in a report on Wednesday, August 21st. Morgan Stanley raised their price objective on Kohl’s from $50.00 to $51.00 and gave the company an underweight rating in a report on Thursday, August 22nd. Wedbush restated a neutral rating and issued a $48.00 price objective (down previously from $58.00) on shares of Kohl’s in a report on Thursday, August 15th. Finally, Deutsche Bank restated a hold rating and issued a $52.00 price objective (down previously from $58.00) on shares of Kohl’s in a report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Kohl’s currently has a consensus rating of Hold and a consensus target price of $60.18.

KSS opened at $52.32 on Monday. The business’s 50-day moving average price is $49.98 and its two-hundred day moving average price is $53.51. Kohl’s has a 1 year low of $43.33 and a 1 year high of $83.28. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 1.02 and a beta of 1.04. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.65 and a quick ratio of 0.36.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, August 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.04. Kohl’s had a return on equity of 15.94% and a net margin of 3.69%. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter last year, the business posted $1.76 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Sell-side analysts anticipate that Kohl’s will post 5.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date was Tuesday, September 10th. Kohl’s’s payout ratio is currently 47.86%.

A number of institutional investors have recently bought and sold shares of KSS. Nuveen Asset Management LLC grew its holdings in Kohl’s by 582.0% during the second quarter. Nuveen Asset Management LLC now owns 2,865,250 shares of the company’s stock worth $136,243,000 after purchasing an additional 2,445,155 shares during the period. JPMorgan Chase & Co. grew its holdings in Kohl’s by 13.5% during the second quarter. JPMorgan Chase & Co. now owns 7,977,774 shares of the company’s stock worth $373,520,000 after purchasing an additional 949,985 shares during the period. Miller Howard Investments Inc. NY bought a new position in Kohl’s during the second quarter worth about $39,387,000. Price T Rowe Associates Inc. MD grew its holdings in Kohl’s by 21.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,574,025 shares of the company’s stock worth $217,495,000 after purchasing an additional 808,197 shares during the period. Finally, Steadfast Capital Management LP bought a new position in Kohl’s during the second quarter worth about $28,300,000. Institutional investors and hedge funds own 99.64% of the company’s stock.

About Kohl’s

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

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Analyst Recommendations for Kohl`s (NYSE:KSS)

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