Jefferies Group Reiterates “Buy” Rating for Kohl's (KSS)

Kohl's (NYSE:KSS)‘s stock had its “buy” rating reissued by Jefferies Group in a note issued to investors on Monday, December 18th.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Kohl's from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Monday, October 16th. Robert W. Baird reiterated a “neutral” rating and issued a $43.00 price objective on shares of Kohl's in a report on Thursday, September 7th. Gordon Haskett upgraded Kohl's from a “hold” rating to an “accumulate” rating in a report on Thursday, November 9th. Citigroup raised their target price on Kohl's from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, September 21st. Finally, Cowen reissued a “market perform” rating and issued a $47.00 target price (up from $42.00) on shares of Kohl's in a research report on Thursday, September 21st. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $49.90.

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

Kohl's (NYSE:KSS) last issued its quarterly earnings results 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). Kohl's had a net margin of 3.47% and a return on equity of 12.72%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the business earned $0.80 earnings per share. Kohl's’s revenue was up .1% compared to the same quarter last year. sell-side analysts predict that Kohl's will post 4.06 EPS for the current fiscal year.

In other 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 owns 21,960 shares of the company’s stock, valued at approximately $1,182,546. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jonas Prising bought 4,725 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average cost of $42.35 per share, for a total transaction of $200,103.75. Following the transaction, the director now owns 8,661 shares in the company, valued at approximately $366,793.35. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ffcm LLC boosted its holdings in Kohl's by 179.3% during the 2nd quarter. Ffcm LLC now owns 3,033 shares of the company’s stock valued at $120,000 after acquiring an additional 1,947 shares during the period. Johnson Financial Group Inc. boosted its holdings in Kohl's by 0.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock valued at $128,000 after acquiring an additional 10 shares during the period. Penserra Capital Management LLC purchased a new position in Kohl's during the 2nd quarter valued at $146,000. VNBTrust National Association purchased a new position in Kohl's during the 4th quarter valued at $212,000. Finally, Raymond James Trust N.A. purchased a new position in Kohl's during the 3rd quarter valued at $200,000.

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About Kohl's

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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