Kohl's (NYSE:KSS) had its target price boosted by research analysts at Bank of America from $68.00 to $70.00 in a note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Bank of America’s price objective points to a potential upside of 13.14% from the stock’s current price.
Several other research firms have also recently commented on KSS. Zacks Investment Research cut Kohl's from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Royal Bank of Canada restated a “sell” rating on shares of Kohl's in a research note on Sunday, November 12th. Piper Jaffray Companies set a $55.00 target price on Kohl's and gave the company a “hold” rating in a research note on Wednesday, January 10th. Citigroup boosted their price target on Kohl's from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, ValuEngine raised Kohl's from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. Kohl's has an average rating of “Hold” and an average price target of $55.50.
Kohl's (NYSE:KSS) traded down $1.05 during midday trading on Thursday, reaching $61.87. The company’s stock had a trading volume of 2,128,232 shares, compared to its average volume of 4,239,000. The company has a market cap of $10,330.00, a PE ratio of 16.50, a price-to-earnings-growth ratio of 2.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.63 and a quick ratio of 0.30. Kohl's has a 12-month low of $35.16 and a 12-month high of $69.14.
In related news, Director Stephanie A. Streeter sold 4,173 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $53.85, for a total transaction of $224,716.05. Following the transaction, the director now directly owns 21,960 shares of the company’s stock, valued at approximately $1,182,546. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonas Prising bought 4,725 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average cost of $42.35 per share, for a total transaction of $200,103.75. Following the completion of the acquisition, the director now directly owns 8,661 shares in the company, valued at approximately $366,793.35. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Strs Ohio increased its holdings in shares of Kohl's by 48.9% during the 3rd quarter. Strs Ohio now owns 152,264 shares of the company’s stock worth $6,950,000 after acquiring an additional 50,000 shares during the last quarter. U S Global Investors Inc. acquired a new position in Kohl's in the 2nd quarter valued at $528,000. Korea Investment CORP grew its holdings in Kohl's by 47.2% in the 3rd quarter. Korea Investment CORP now owns 356,600 shares of the company’s stock valued at $16,279,000 after buying an additional 114,300 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in Kohl's by 10.1% in the 3rd quarter. State of Wisconsin Investment Board now owns 174,501 shares of the company’s stock valued at $7,966,000 after buying an additional 16,069 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in Kohl's by 194.8% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 183,407 shares of the company’s stock valued at $8,452,000 after buying an additional 121,201 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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