Guggenheim Trims Kohl’s (NYSE:KSS) Target Price to $42.00

Kohl’s (NYSE:KSSGet Rating) had its price target trimmed by Guggenheim to $42.00 in a research report report published on Monday, Stock Target Advisor reports.

KSS has been the topic of several other reports. Evercore ISI cut their price objective on shares of Kohl’s to $32.00 in a report on Monday, August 22nd. Cowen lowered shares of Kohl’s from an outperform rating to a market perform rating and cut their price objective for the company from $60.00 to $35.00 in a report on Thursday, August 4th. Cowen lowered shares of Kohl’s from an outperform rating to a market perform rating and cut their price objective for the company from $60.00 to $35.00 in a report on Thursday, August 4th. Jefferies Financial Group downgraded shares of Kohl’s from a buy rating to a hold rating and lowered their target price for the company from $40.00 to $29.00 in a research note on Thursday, September 15th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Kohl’s from $36.00 to $34.00 in a research note on Wednesday, November 9th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $31.27.

Kohl’s Price Performance

Shares of KSS stock opened at $32.50 on Monday. Kohl’s has a 1 year low of $24.61 and a 1 year high of $64.38. The firm’s 50 day moving average is $28.51 and its 200-day moving average is $32.65. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 1.30 and a beta of 1.59. The company has a current ratio of 1.21, a quick ratio of 0.12 and a debt-to-equity ratio of 1.11.

Kohl’s (NYSE:KSSGet Rating) last announced its quarterly earnings data on Thursday, November 17th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.23. Kohl’s had a net margin of 2.98% and a return on equity of 12.46%. The business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the business posted $1.65 earnings per share. Kohl’s’s revenue was down 7.0% compared to the same quarter last year. Sell-side analysts forecast that Kohl’s will post 3.11 EPS for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Wednesday, December 7th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date of this dividend is Tuesday, December 6th. Kohl’s’s dividend payout ratio (DPR) is currently 47.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky bought a new position in Kohl’s in the third quarter valued at $619,000. Glenmede Trust Co. NA grew its position in Kohl’s by 99.8% in the third quarter. Glenmede Trust Co. NA now owns 431,896 shares of the company’s stock valued at $10,860,000 after purchasing an additional 215,744 shares in the last quarter. Captrust Financial Advisors grew its position in Kohl’s by 51.8% in the third quarter. Captrust Financial Advisors now owns 9,457 shares of the company’s stock valued at $238,000 after purchasing an additional 3,227 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in Kohl’s in the third quarter valued at $93,000. Finally, Balyasny Asset Management LLC grew its position in Kohl’s by 34.7% in the third quarter. Balyasny Asset Management LLC now owns 278,158 shares of the company’s stock valued at $6,996,000 after purchasing an additional 71,693 shares in the last quarter. Institutional investors own 91.96% of the company’s stock.

Kohl’s Company Profile

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Kohl's Corporation operates as a retail company in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

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