Kohl's (KSS) PT Set at $55.00 by Piper Jaffray Companies

Kohl's (NYSE:KSS) has been given a $55.00 target price by research analysts at Piper Jaffray Companies in a research note issued on Wednesday. The brokerage currently has a “hold” rating on the stock. Piper Jaffray Companies’ target price would indicate a potential downside of 6.53% from the stock’s previous close.

A number of other equities research analysts have also recently commented on KSS. Cowen reaffirmed a “market perform” rating and issued a $47.00 price target (up previously from $42.00) on shares of Kohl's in a report on Thursday, September 21st. Citigroup lifted their price target on shares of Kohl's from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, September 21st. Jefferies Group reaffirmed a “buy” rating and issued a $50.00 price target on shares of Kohl's in a report on Wednesday, September 27th. ValuEngine raised shares of Kohl's from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Telsey Advisory Group raised shares of Kohl's from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $43.00 to $50.00 in a report on Monday, October 9th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. Kohl's presently has a consensus rating of “Hold” and a consensus price target of $48.00.

Kohl's (NYSE KSS) opened at $58.84 on Wednesday. Kohl's has a 1 year low of $35.16 and a 1 year high of $59.32. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 1.63. The company has a market cap of $9,890.00, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24.

Kohl's (NYSE:KSS) last posted its earnings results on Thursday, November 9th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). Kohl's had a return on equity of 12.72% and a net margin of 3.47%. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business earned $0.80 EPS. Kohl's’s quarterly revenue was up .1% compared to the same quarter last year. sell-side analysts forecast that Kohl's will post 3.77 earnings per share for the current year.

In other news, Director Stephanie A. Streeter sold 4,173 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $53.85, for a total transaction of $224,716.05. Following the completion of the transaction, the director now directly owns 21,960 shares in the company, valued at approximately $1,182,546. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonas Prising purchased 4,725 shares of Kohl's stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average price of $42.35 per share, with a total value of $200,103.75. Following the completion of the transaction, the director now directly owns 8,661 shares in the company, valued at $366,793.35. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio grew its position in shares of Kohl's by 48.9% during the 3rd quarter. Strs Ohio now owns 152,264 shares of the company’s stock valued at $6,950,000 after purchasing an additional 50,000 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its position in shares of Kohl's by 11.3% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 89,977 shares of the company’s stock valued at $3,479,000 after purchasing an additional 9,165 shares in the last quarter. U S Global Investors Inc. purchased a new position in shares of Kohl's during the 2nd quarter valued at $528,000. Korea Investment CORP grew its position in shares of Kohl's by 47.2% during the 3rd quarter. Korea Investment CORP now owns 356,600 shares of the company’s stock valued at $16,279,000 after purchasing an additional 114,300 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its position in shares of Kohl's by 10.1% during the 3rd quarter. State of Wisconsin Investment Board now owns 174,501 shares of the company’s stock valued at $7,966,000 after purchasing an additional 16,069 shares in the last quarter.

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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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