Shares of Kohl’s (NYSE:KSS) have earned an average recommendation of “Hold” from the twenty-seven ratings firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $59.66.
Several brokerages have issued reports on KSS. Robert W. Baird reiterated a “buy” rating and set a $61.00 target price on shares of Kohl’s in a research report on Tuesday, January 9th. ValuEngine lowered shares of Kohl’s from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Telsey Advisory Group reiterated an “outperform” rating and set a $55.00 target price (up from $50.00) on shares of Kohl’s in a research report on Tuesday, January 9th. BMO Capital Markets reiterated a “market perform” rating on shares of Kohl’s in a research report on Monday, March 5th. Finally, Cowen reiterated a “hold” rating and set a $66.00 target price on shares of Kohl’s in a research report on Friday, March 2nd.
In related news, Director Peter Boneparth sold 7,500 shares of Kohl’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $66.18, for a total value of $496,350.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Kevin Mansell sold 69,000 shares of Kohl’s stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $64.00, for a total transaction of $4,416,000.00. Following the completion of the transaction, the chairman now directly owns 350,438 shares in the company, valued at $22,428,032. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 291,666 shares of company stock worth $18,808,714. 1.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB increased its stake in shares of Kohl’s by 5.5% in the fourth quarter. Xact Kapitalforvaltning AB now owns 29,482 shares of the company’s stock worth $1,599,000 after buying an additional 1,527 shares during the period. CNB Bank purchased a new position in shares of Kohl’s in the fourth quarter worth $843,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Kohl’s by 78.1% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 98,013 shares of the company’s stock worth $5,315,000 after buying an additional 42,986 shares during the period. Sawtooth Solutions LLC purchased a new position in shares of Kohl’s in the fourth quarter worth $1,102,000. Finally, Northern Oak Wealth Management Inc. increased its stake in shares of Kohl’s by 45.0% in the fourth quarter. Northern Oak Wealth Management Inc. now owns 152,487 shares of the company’s stock worth $8,269,000 after buying an additional 47,354 shares during the period.
KSS stock opened at $64.00 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.01 and a quick ratio of 0.67. Kohl’s has a 12 month low of $35.16 and a 12 month high of $69.48. The company has a market capitalization of $10,752.31, a PE ratio of 15.27, a PEG ratio of 1.83 and a beta of 1.26.
Kohl’s (NYSE:KSS) last released its quarterly earnings data on Thursday, March 1st. The company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10. Kohl’s had a net margin of 4.50% and a return on equity of 13.73%. The company had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.74 billion. During the same period last year, the business earned $1.44 earnings per share. Kohl’s’s revenue was up 9.2% compared to the same quarter last year. equities research analysts predict that Kohl’s will post 5.24 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.81%. This is an increase from Kohl’s’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, March 13th. Kohl’s’s payout ratio is presently 58.23%.
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Kohl’s Company Profile
Kohl's Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online through Website Kohls.com. As of January 28, 2017, it operated 1,154 department stores, 12 FILA outlets, and 3 Off-Aisle clearance centers.
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