Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. downgraded shares of Kohl’s from an overweight rating to a neutral rating in a research note on Tuesday. Jefferies Financial Group decreased their target price on shares of Kohl’s from $100.00 to $95.00 and set a buy rating for the company in a research note on Tuesday. Zacks Investment Research downgraded shares of Kohl’s from a buy rating to a hold rating in a research note on Tuesday, May 14th. Atlantic Securities upgraded shares of Kohl’s from an underweight rating to a neutral rating and set a $71.50 target price for the company in a research note on Wednesday, March 6th. Finally, Guggenheim restated a buy rating and issued a $80.00 target price on shares of Kohl’s in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $71.97.
Shares of KSS stock opened at $51.12 on Wednesday. The firm has a market capitalization of $8.34 billion, a PE ratio of 9.13, a PEG ratio of 1.07 and a beta of 0.77. The company has a quick ratio of 0.50, a current ratio of 1.66 and a debt-to-equity ratio of 1.06. Kohl’s has a twelve month low of $53.01 and a twelve month high of $83.28.
Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, May 21st. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.06). The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Kohl’s had a net margin of 3.91% and a return on equity of 16.74%. Kohl’s’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. On average, research analysts predict that Kohl’s will post 5.3 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $2.68 annualized dividend and a yield of 5.24%. Kohl’s’s dividend payout ratio is presently 47.86%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC raised its holdings in Kohl’s by 136.5% in the fourth quarter. Acadian Asset Management LLC now owns 1,783 shares of the company’s stock valued at $118,000 after acquiring an additional 1,029 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Kohl’s by 87.0% during the fourth quarter. SG Americas Securities LLC now owns 469,361 shares of the company’s stock worth $31,137,000 after purchasing an additional 218,330 shares during the period. Hallmark Capital Management Inc. acquired a new stake in shares of Kohl’s during the fourth quarter worth $1,104,000. State of Tennessee Treasury Department raised its holdings in shares of Kohl’s by 126.4% during the fourth quarter. State of Tennessee Treasury Department now owns 188,372 shares of the company’s stock worth $12,497,000 after purchasing an additional 105,157 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Kohl’s by 9.8% during the fourth quarter. Stifel Financial Corp now owns 169,495 shares of the company’s stock worth $11,250,000 after purchasing an additional 15,068 shares during the period.
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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