Kohl’s Corporation (KSS) Rating Lowered to Hold at BidaskClub

BidaskClub lowered shares of Kohl’s Corporation (NYSE:KSS) from a buy rating to a hold rating in a report published on Monday.

Several other equities research analysts also recently commented on the stock. UBS AG reiterated a neutral rating and set a $38.00 target price on shares of Kohl’s Corporation in a research report on Monday. Argus restated a hold rating and issued a $39.50 price target on shares of Kohl’s Corporation in a research report on Monday. Credit Suisse Group boosted their price target on shares of Kohl’s Corporation from $39.00 to $44.00 and gave the stock an underperform rating in a research report on Monday. Cowen and Company restated a market perform rating and issued a $42.00 price target (down previously from $43.00) on shares of Kohl’s Corporation in a research report on Friday, August 11th. Finally, Jefferies Group LLC restated a buy rating and issued a $50.00 price target (up previously from $48.00) on shares of Kohl’s Corporation in a research report on Friday, August 11th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $42.73.

Shares of Kohl’s Corporation (NYSE KSS) opened at 37.11 on Monday. Kohl’s Corporation has a 1-year low of $35.16 and a 1-year high of $59.67. The company has a market capitalization of $6.23 billion, a P/E ratio of 9.50 and a beta of 1.16. The company’s 50 day moving average is $39.66 and its 200-day moving average is $39.31.

Kohl’s Corporation (NYSE:KSS) last posted its earnings results on Thursday, August 10th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.19 by $0.05. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the company earned $1.22 EPS. The firm’s revenue was down .9% compared to the same quarter last year. On average, equities research analysts forecast that Kohl’s Corporation will post $3.74 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Friday, September 1st. Kohl’s Corporation’s dividend payout ratio is 56.41%.

A number of institutional investors have recently bought and sold shares of KSS. Gulf International Bank UK Ltd increased its position in Kohl’s Corporation by 5.4% in the first quarter. Gulf International Bank UK Ltd now owns 60,062 shares of the company’s stock worth $2,391,000 after buying an additional 3,100 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Kohl’s Corporation during the first quarter worth about $709,000. CWM LLC increased its position in Kohl’s Corporation by 16.7% in the first quarter. CWM LLC now owns 573,732 shares of the company’s stock worth $22,840,000 after buying an additional 81,982 shares in the last quarter. Berkshire Asset Management LLC PA increased its position in Kohl’s Corporation by 12.0% in the first quarter. Berkshire Asset Management LLC PA now owns 79,292 shares of the company’s stock worth $3,157,000 after buying an additional 8,522 shares in the last quarter. Finally, Donald L. Hagan LLC increased its position in Kohl’s Corporation by 46.3% in the first quarter. Donald L. Hagan LLC now owns 28,776 shares of the company’s stock worth $1,146,000 after buying an additional 9,111 shares in the last quarter.

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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