Kohl’s Corporation (NYSE:KSS) had its price target decreased by stock analysts at Royal Bank Of Canada from $42.00 to $39.00 in a note issued to investors on Friday, May 12th, MarketBeat.com reports. The brokerage presently has an “underperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 4.33% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the stock. Piper Jaffray Companies set a $38.00 price objective on shares of Kohl’s Corporation and gave the stock a “hold” rating in a research report on Thursday, May 11th. Jefferies Group LLC cut their price objective on shares of Kohl’s Corporation from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, May 9th. Gordon Haskett initiated coverage on shares of Kohl’s Corporation in a research report on Tuesday, May 9th. They set a “reduce” rating and a $35.00 price objective for the company. Atlantic Securities raised Kohl’s Corporation from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $36.00 to $42.00 in a research note on Thursday, May 4th. Finally, Zacks Investment Research downgraded Kohl’s Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. Kohl’s Corporation has an average rating of “Hold” and a consensus price target of $43.84.
Kohl’s Corporation (NYSE:KSS) traded up 0.27% during midday trading on Friday, hitting $37.38. 4,535,200 shares of the stock traded hands. The stock has a market cap of $6.37 billion, a PE ratio of 10.83 and a beta of 1.13. Kohl’s Corporation has a 1-year low of $35.16 and a 1-year high of $59.67. The company has a 50-day moving average of $38.07 and a 200-day moving average of $42.06.
Kohl’s Corporation (NYSE:KSS) last announced its earnings results on Thursday, May 11th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.10. Kohl’s Corporation had a net margin of 3.25% and a return on equity of 13.29%. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the business posted $0.31 earnings per share. Kohl’s Corporation’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities analysts expect that Kohl’s Corporation will post $3.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Monday, June 5th. Kohl’s Corporation’s dividend payout ratio is presently 64.14%.
Large investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Kohl’s Corporation during the third quarter valued at about $131,000. Johnson Financial Group Inc. raised its stake in shares of Kohl’s Corporation by 30.9% in the first quarter. Johnson Financial Group Inc. now owns 3,295 shares of the company’s stock valued at $132,000 after buying an additional 778 shares in the last quarter. Cedar Wealth Management LLC raised its stake in shares of Kohl’s Corporation by 5.7% in the third quarter. Cedar Wealth Management LLC now owns 3,624 shares of the company’s stock valued at $159,000 after buying an additional 195 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Kohl’s Corporation during the fourth quarter valued at about $200,000. Finally, Cleararc Capital Inc. acquired a new stake in shares of Kohl’s Corporation during the fourth quarter valued at about $213,000.
About Kohl’s Corporation
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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