Zacks Investment Research upgraded shares of Kohl’s Corporation (NYSE:KSS) from a hold rating to a buy rating in a research note issued to investors on Monday, October 16th. Zacks Investment Research currently has $47.00 target price on the stock.
According to Zacks, “The company’s shares have been rising over the past three months in comparison to the industry, driven by the initiatives taken to boost sales. Notably, Kohl’s has been trying hard to attract more shoppers and improve sales. The company’s extended partnership with online giant Amazon.com is also expected to boost company’s traffic. Though the retail environment remains tough, Kohl’s has managed to report upbeat second quarter of fiscal 2017 results, owing to improved sales trend in all lines of business, strong inventory and expense management. The company also expects its strategic initiative ‘Greatness Agenda’ to bear fruits in the long-term and turnaround declining comps. The company’s e-commerce efforts also remain appealing. Kohl’s has also undertaken several initiatives to reduce its inventory, which in turn leads to improvement in merchandise margins.”
Other equities analysts also recently issued reports about the stock. TheStreet raised shares of Kohl’s Corporation from a c+ rating to a b- rating in a research note on Monday, August 14th. BidaskClub raised shares of Kohl’s Corporation from a hold rating to a buy rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a buy rating and set a $48.00 price objective on shares of Kohl’s Corporation in a research note on Sunday, July 30th. Instinet reaffirmed a buy rating and set a $51.00 price objective (up from $41.00) on shares of Kohl’s Corporation in a research note on Thursday, August 10th. Finally, Citigroup Inc. boosted their price target on shares of Kohl’s Corporation from $44.00 to $51.00 and gave the company a buy rating in a research report on Thursday, September 21st. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $43.20.
Shares of Kohl’s Corporation (NYSE KSS) opened at 44.64 on Monday. The firm has a 50 day moving average price of $44.13 and a 200-day moving average price of $40.21. Kohl’s Corporation has a 12 month low of $35.16 and a 12 month high of $59.67. The company has a market cap of $7.53 billion, a P/E ratio of 11.43 and a beta of 1.19.
Kohl’s Corporation (NYSE:KSS) last posted its quarterly earnings results on Thursday, August 10th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.05. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.12 billion. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 earnings per share. Analysts anticipate that Kohl’s Corporation will post $3.76 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Kohl’s Corporation by 7.1% in the first quarter. Vanguard Group Inc. now owns 18,956,223 shares of the company’s stock worth $754,646,000 after acquiring an additional 1,254,285 shares during the period. BlackRock Inc. raised its position in Kohl’s Corporation by 2,606.7% in the first quarter. BlackRock Inc. now owns 18,394,298 shares of the company’s stock worth $732,277,000 after acquiring an additional 17,714,714 shares during the period. JPMorgan Chase & Co. raised its position in Kohl’s Corporation by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 10,914,565 shares of the company’s stock worth $422,066,000 after acquiring an additional 186,046 shares during the period. Dimensional Fund Advisors LP raised its position in Kohl’s Corporation by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,457,350 shares of the company’s stock worth $211,022,000 after acquiring an additional 647,469 shares during the period. Finally, Northern Trust Corp raised its position in Kohl’s Corporation by 34.9% in the second quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock worth $208,851,000 after acquiring an additional 1,396,006 shares during the period.
About Kohl’s Corporation
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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