Kohl’s’ (KSS) “Neutral” Rating Reiterated at Wedbush

Wedbush reaffirmed their neutral rating on shares of Kohl’s (NYSE:KSS) in a research report sent to investors on Thursday morning, The Fly reports. Wedbush currently has a $53.00 price objective on the stock, up from their previous price objective of $48.00. Wedbush also issued estimates for Kohl’s’ Q3 2020 earnings at $0.86 EPS, FY2020 earnings at $5.17 EPS, Q1 2021 earnings at $0.60 EPS, Q2 2021 earnings at $1.57 EPS, Q3 2021 earnings at $0.86 EPS, Q4 2021 earnings at $2.27 EPS and FY2021 earnings at $5.31 EPS.

KSS has been the topic of a number of other research reports. Credit Suisse Group reduced their target price on Kohl’s from $57.00 to $51.00 and set a neutral rating on the stock in a research note on Wednesday, August 21st. Telsey Advisory Group reduced their target price on Kohl’s from $65.00 to $60.00 and set an outperform rating on the stock in a research note on Wednesday, August 21st. OTR Global lowered Kohl’s to a positive rating in a research note on Friday, August 2nd. Zacks Investment Research lowered Kohl’s from a hold rating to a sell rating and set a $50.00 target price on the stock. in a research note on Thursday, August 22nd. Finally, TheStreet upgraded Kohl’s from a c+ rating to a b- rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $60.47.

KSS stock traded down $0.68 during midday trading on Thursday, reaching $58.40. The company’s stock had a trading volume of 6,082,513 shares, compared to its average volume of 3,909,179. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.36 and a current ratio of 1.65. The stock has a fifty day simple moving average of $52.55 and a two-hundred day simple moving average of $51.60. Kohl’s has a 1 year low of $43.33 and a 1 year high of $75.91. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 1.10 and a beta of 1.07.

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

Several institutional investors and hedge funds have recently bought and sold shares of KSS. Trustcore Financial Services LLC bought a new stake in Kohl’s during the third quarter valued at about $25,000. Point72 Hong Kong Ltd bought a new stake in Kohl’s during the second quarter valued at about $26,000. TRUE Private Wealth Advisors bought a new stake in Kohl’s during the second quarter valued at about $33,000. Point72 Asset Management L.P. bought a new stake in Kohl’s during the second quarter valued at about $38,000. Finally, Webster Bank N. A. bought a new stake in Kohl’s during the third quarter valued at about $50,000. 96.32% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Company Profile

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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The Fly

Analyst Recommendations for Kohl`s (NYSE:KSS)

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