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.
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.
Recommended Story: What is a capital gain?
Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.