Brokerages Set Kohl's Co. (KSS) Price Target at $44.00

Kohl's Co. (NYSE:KSS) has been given an average rating of “Hold” by the twenty-four research firms that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $44.00.

Several brokerages have weighed in on KSS. Credit Suisse Group raised their price objective on shares of Kohl's from $39.00 to $44.00 and gave the stock an “underperform” rating in a report on Monday, August 14th. Cowen reissued a “market perform” rating and set a $42.00 price objective (down from $43.00) on shares of Kohl's in a report on Friday, August 11th. UBS reissued a “neutral” rating and set a $38.00 price objective on shares of Kohl's in a report on Monday, August 14th. Robert W. Baird reissued a “neutral” rating and set a $43.00 price objective on shares of Kohl's in a report on Thursday, September 7th. Finally, Zacks Investment Research raised shares of Kohl's from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Monday, October 16th.

Kohl's (KSS) traded down $1.34 on Thursday, reaching $48.26. 3,894,949 shares of the company were exchanged, compared to its average volume of 4,481,837. The firm has a market cap of $8,140.00, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24. Kohl's has a 1-year low of $35.16 and a 1-year high of $59.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 1.63.

Kohl's (NYSE:KSS) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.02). The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.30 billion. Kohl's had a net margin of 3.47% and a return on equity of 12.72%. Kohl's’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share. analysts forecast that Kohl's will post 3.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Tuesday, December 5th. Kohl's’s dividend payout ratio (DPR) is presently 58.36%.

In other Kohl's news, Director Jonas Prising purchased 4,725 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of $42.35 per share, with a total value of $200,103.75. Following the acquisition, the director now owns 8,661 shares of the company’s stock, valued at approximately $366,793.35. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of KSS. Ffcm LLC lifted its position in Kohl's by 179.3% in the 2nd quarter. Ffcm LLC now owns 3,033 shares of the company’s stock valued at $120,000 after purchasing an additional 1,947 shares during the last quarter. Johnson Financial Group Inc. lifted its position in Kohl's by 0.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock valued at $128,000 after purchasing an additional 10 shares during the last quarter. Penserra Capital Management LLC bought a new stake in Kohl's in the 2nd quarter valued at about $146,000. Raymond James Trust N.A. bought a new stake in Kohl's in the 3rd quarter valued at about $200,000. Finally, Keybank National Association OH bought a new stake in Kohl's in the 3rd quarter valued at about $207,000.

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Kohl's Company Profile

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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