Kohl's’ (KSS) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Kohl's (NYSE:KSS) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage currently has a $55.00 price target on the stock, up from their prior price target of $50.00.

Other analysts have also issued reports about the company. Gordon Haskett raised Kohl's from a hold rating to an accumulate rating in a research note on Thursday, November 9th. ValuEngine raised Kohl's from a hold rating to a buy rating in a research note on Friday, December 1st. Robert W. Baird set a $57.00 price objective on Kohl's and gave the company a buy rating in a research note on Monday, December 25th. Jefferies Group reaffirmed a buy rating on shares of Kohl's in a research note on Monday, December 18th. Finally, Zacks Investment Research raised Kohl's from a hold rating to a buy rating and set a $47.00 price objective on the stock in a research note on Monday, October 16th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $49.90.

Kohl's (NYSE:KSS) traded up $2.75 on Tuesday, hitting $63.87. The stock had a trading volume of 7,483,290 shares, compared to its average volume of 4,540,000. The firm has a market cap of $10,730.00, a price-to-earnings ratio of 16.94, a P/E/G ratio of 2.26 and a beta of 1.24. Kohl's has a 12 month low of $35.16 and a 12 month high of $65.06. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.88.

Kohl's (NYSE:KSS) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.02). The business had revenue of $4.33 billion during 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%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned $0.80 earnings per share. equities analysts anticipate that Kohl's will post 4.06 EPS for the current year.

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

In related news, Director Jonas Prising acquired 4,725 shares of the stock in a transaction dated Wednesday, November 15th. The stock was bought at an average cost 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephanie A. Streeter sold 4,173 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $53.85, for a total value of $224,716.05. Following the transaction, the director now owns 21,960 shares of the company’s stock, valued at $1,182,546. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Sentry Investment Management LLC raised its position in shares of Kohl's by 1.2% during the second quarter. Sentry Investment Management LLC now owns 12,892 shares of the company’s stock worth $499,000 after acquiring an additional 158 shares during the last quarter. Ropes Wealth Advisors LLC raised its position in shares of Kohl's by 1.5% during the second quarter. Ropes Wealth Advisors LLC now owns 11,717 shares of the company’s stock worth $453,000 after acquiring an additional 175 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of Kohl's by 3.7% during the second quarter. Thrivent Financial For Lutherans now owns 6,870 shares of the company’s stock worth $265,000 after acquiring an additional 245 shares during the last quarter. WFG Advisors LP raised its position in shares of Kohl's by 3.3% during the second quarter. WFG Advisors LP now owns 9,154 shares of the company’s stock worth $354,000 after acquiring an additional 296 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Kohl's by 3.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 15,667 shares of the company’s stock worth $606,000 after acquiring an additional 474 shares during 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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