JPMorgan Chase & Co. Upgrades Kohl's (KSS) to Overweight

JPMorgan Chase & Co. upgraded shares of Kohl's (NYSE:KSS) from a neutral rating to an overweight rating in a research note released on Friday, MarketBeat Ratings reports.

Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Kohl's from a hold rating to a buy rating and set a $47.00 target price on the stock in a research report on Monday, October 16th. Telsey Advisory Group upgraded shares of Kohl's from a market perform rating to an outperform rating and upped their target price for the stock from $43.00 to $50.00 in a research report on Monday, October 9th. Robert W. Baird upgraded shares of Kohl's from a neutral rating to an outperform rating and upped their target price for the stock from $46.00 to $47.00 in a research report on Friday, November 10th. Royal Bank of Canada restated a sell rating on shares of Kohl's in a research report on Sunday, November 12th. Finally, Northcoast Research assumed coverage on shares of Kohl's in a research report on Friday, December 8th. They set a neutral rating on the stock. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $49.90.

Kohl's (KSS) traded up $2.75 during midday trading on Friday, reaching $63.87. 7,483,290 shares of the company traded hands, compared to its average volume of 4,540,000. The stock has a market capitalization of $10,730.00, a PE ratio of 16.94, a P/E/G ratio of 2.26 and a beta of 1.24. Kohl's has a 52-week low of $35.16 and a 52-week high of $65.06. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.88.

Kohl's (NYSE:KSS) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.02). The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Kohl's had a return on equity of 12.72% and a net margin of 3.47%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 earnings per share. equities research analysts predict that Kohl's will post 4.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were given a $0.55 dividend. The ex-dividend date was Tuesday, December 5th. This represents a $2.20 annualized dividend and a dividend yield of 3.44%. Kohl's’s dividend payout ratio is presently 58.36%.

In other news, Director Stephanie A. Streeter sold 4,173 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $53.85, for a total value of $224,716.05. Following the sale, the director now directly owns 21,960 shares in the company, valued at $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 the stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average price of $42.35 per share, for a total transaction of $200,103.75. Following the completion of the transaction, the director now directly owns 8,661 shares of the company’s stock, valued at $366,793.35. The disclosure for this purchase can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. VNBTrust National Association purchased a new position in shares of Kohl's during the fourth quarter valued at approximately $212,000. Raymond James Trust N.A. purchased a new position in shares of Kohl's during the third quarter valued at approximately $200,000. Keybank National Association OH purchased a new position in shares of Kohl's during the third quarter valued at approximately $207,000. Ingalls & Snyder LLC purchased a new position in shares of Kohl's during the third quarter valued at approximately $219,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Kohl's during the third quarter valued at approximately $221,000.

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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.

Analyst Recommendations for Kohl's (NYSE:KSS)

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