Bank of America Increases Kohl's (KSS) Price Target to $70.00

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.

Kohl's (NYSE:KSS) last released 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). The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.30 billion. Kohl's had a net margin of 3.47% and a return on equity of 12.72%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. sell-side analysts forecast that Kohl's will post 4.08 earnings per share for the current fiscal year.

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.

COPYRIGHT VIOLATION WARNING: “Bank of America Increases Kohl's (KSS) Price Target to $70.00” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.com-unik.info/2018/02/08/bank-of-america-increases-kohls-kss-price-target-to-70-00.html.

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)

Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit