The analysts wrote, “This past weekend, Kohl’s highlighted its monthly credit event which runs 3/6 to 3/13 this month (comparable to the 3/7 to 3/14 event run a year ago). Every $50 spent during the 5 day period of 3/6 to 3/10 will receive $10 in Kohl’s cash which is also comparable to a year ago, however, we note that the cash can be used from 3/11 to 3/30 this year, 7 days more than the 3/12 to 3/24 period during 2012. Turning to the merchandise, we noticed KSS prominently highlighted savings on national product using the tag-line ‘Great Brands’ including Levi’s, Lee, Nike, Keurig, and Carter’s. This follows last week’s introduction of Haggar 1926 Originals and Bostonian footwear in its circular, showcasing efforts to improve its national brand performance, in our view.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated an “underperform” rating on shares of Kohls Corp in a research note to investors on Monday, March 4th. They now have a $42.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Kohls Corp in a research note to investors on Friday, March 1st. They now have a $53.00 price target on the stock, up previously from $52.00. Finally, analysts at Macquarie reiterated an “underperform” rating on shares of Kohls Corp in a research note to investors on Tuesday, February 26th. They now have a $38.00 price target on the stock.
Eight equities research analysts have rated the stock with a buy rating, one has given an overweight rating, thirteen have assigned a hold rating, one has given an underweight rating, and one has assigned a sell rating to the company’s stock. The stock currently has an average rating of “overweight” and an average target price of $49.00.
Shares of Kohls Corp traded up 1.60% during mid-day trading on Monday, hitting $47.05. Kohls Corp has a one year low of $41.35 and a one year high of $55.25. The stock’s 50-day moving average is currently $45.83. The company has a market cap of $10.680 billion and a P/E ratio of 11.11.
Kohls Corp last issued its quarterly earnings data on Thursday, February 28th. The company reported $1.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.63 by $0.03. The company had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter last year, the company posted $1.81 earnings per share. Kohls Corp’s revenue was up 5.4% compared to the same quarter last year. Kohls Corp has set its Q1 guidance at $0.55-0.63 EPS and its FY14 guidance at $4.15-4.45 EPS. On average, analysts predict that Kohls Corp will post $4.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 27th. Stockholders of record on Wednesday, March 13th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Monday, March 11th. This is a boost from Kohls Corp’s previous quarterly dividend of $0.32.
Kohl’s Corporation (Kohl’s) operate family-oriented department stores that sells apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows, and housewares.
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