Kohl’s (NYSE:KSS) had its price target cut by Wedbush from $53.00 to $50.00 in a research note released on Wednesday, The Fly reports. They currently have a neutral rating on the stock. Wedbush also issued estimates for Kohl’s’ Q4 2020 earnings at $2.15 EPS, Q4 2020 earnings at $1.92 EPS, Q3 2021 earnings at $0.87 EPS, Q4 2021 earnings at $2.23 EPS, FY2022 earnings at $6.27 EPS and FY2022 earnings at $6.28 EPS.
Several other research analysts have also commented on KSS. OTR Global lowered shares of Kohl’s to a positive rating in a research note on Friday, August 2nd. Credit Suisse Group dropped their price objective on shares of Kohl’s from $51.00 to $48.00 in a research note on Wednesday. Telsey Advisory Group lowered shares of Kohl’s from an outperform rating to a market perform rating and lowered their target price for the company from $60.00 to $48.00 in a research note on Wednesday. Deutsche Bank reissued a hold rating and set a $52.00 target price (down from $58.00) on shares of Kohl’s in a research note on Wednesday, August 21st. Finally, Morgan Stanley boosted their target price on shares of Kohl’s from $50.00 to $51.00 and gave the company an underweight rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $56.00.
KSS traded down $0.13 during trading hours on Wednesday, hitting $47.09. The company’s stock had a trading volume of 4,735,458 shares, compared to its average volume of 4,034,774. The business’s 50-day moving average price is $52.46 and its 200-day moving average price is $51.37. Kohl’s has a 12 month low of $43.33 and a 12 month high of $75.91. The stock has a market cap of $9.40 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 1.13 and a beta of 1.07. The company has a current ratio of 1.65, a quick ratio of 0.36 and a debt-to-equity ratio of 1.06.
Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.12). The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.40 billion. Kohl’s had a return on equity of 15.94% and a net margin of 3.69%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. On average, analysts forecast that Kohl’s will post 5.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date of this dividend is Tuesday, December 10th. Kohl’s’s dividend payout ratio (DPR) is presently 47.86%.
Large investors have recently added to or reduced their stakes in the stock. OLD National Bancorp IN lifted its stake in Kohl’s by 15.6% in the second quarter. OLD National Bancorp IN now owns 56,130 shares of the company’s stock worth $2,669,000 after acquiring an additional 7,592 shares during the period. Annex Advisory Services LLC lifted its stake in Kohl’s by 34.0% in the second quarter. Annex Advisory Services LLC now owns 41,257 shares of the company’s stock worth $1,961,000 after acquiring an additional 10,469 shares during the period. Corient Capital Partners LLC lifted its stake in Kohl’s by 8.2% in the second quarter. Corient Capital Partners LLC now owns 28,848 shares of the company’s stock worth $1,372,000 after acquiring an additional 2,177 shares during the period. Ontario Teachers Pension Plan Board lifted its stake in Kohl’s by 73.9% in the second quarter. Ontario Teachers Pension Plan Board now owns 119,206 shares of the company’s stock worth $5,668,000 after acquiring an additional 50,676 shares during the period. Finally, Hourglass Capital LLC lifted its stake in Kohl’s by 15.8% in the second quarter. Hourglass Capital LLC now owns 5,120 shares of the company’s stock worth $243,000 after acquiring an additional 700 shares during the period. 96.32% of the stock is owned by institutional investors.
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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