Kohl’s (NYSE:KSS) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Marketbeat reports. They currently have a $51.00 price objective on the stock. Citigroup’s price objective would indicate a potential downside of 31.08% from the stock’s current price.
Several other analysts have also weighed in on KSS. Robert W. Baird boosted their price objective on Kohl’s from $73.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, June 8th. JPMorgan Chase & Co. boosted their price objective on Kohl’s to $84.00 and gave the company an “overweight” rating in a report on Wednesday, June 6th. Susquehanna Bancshares reissued a “neutral” rating on shares of Kohl’s in a report on Thursday, June 7th. Guggenheim reissued a “buy” rating on shares of Kohl’s in a report on Friday, June 8th. Finally, Atlantic Securities lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $65.00 price objective for the company. in a report on Wednesday, June 6th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $64.73.
Shares of Kohl’s opened at $74.00 on Thursday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.76 and a quick ratio of 0.44. The stock has a market capitalization of $12.65 billion, a P/E ratio of 17.66, a PEG ratio of 2.11 and a beta of 1.27. Kohl’s has a fifty-two week low of $35.33 and a fifty-two week high of $79.92.
Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, May 22nd. The company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.14. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.96 billion. Kohl’s had a return on equity of 14.28% and a net margin of 4.46%. Kohl’s’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share. equities research analysts anticipate that Kohl’s will post 5.39 earnings per share for the current fiscal year.
In other Kohl’s news, insider Richard D. Schepp sold 42,840 shares of the company’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $65.50, for a total value of $2,806,020.00. Following the completion of the sale, the insider now directly owns 199,100 shares in the company, valued at $13,041,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin Mansell sold 142,552 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $64.20, for a total value of $9,151,838.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 345,311 shares of company stock valued at $22,677,767. Insiders own 1.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flippin Bruce & Porter Inc. lifted its position in Kohl’s by 0.4% in the first quarter. Flippin Bruce & Porter Inc. now owns 231,855 shares of the company’s stock worth $15,189,000 after purchasing an additional 860 shares during the period. Arizona State Retirement System lifted its position in Kohl’s by 2.2% in the fourth quarter. Arizona State Retirement System now owns 42,712 shares of the company’s stock worth $2,316,000 after purchasing an additional 900 shares during the period. Hourglass Capital LLC lifted its position in Kohl’s by 22.2% in the first quarter. Hourglass Capital LLC now owns 5,500 shares of the company’s stock worth $360,000 after purchasing an additional 1,000 shares during the period. Public Employees Retirement Association of Colorado lifted its position in Kohl’s by 3.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 33,121 shares of the company’s stock worth $1,796,000 after purchasing an additional 1,010 shares during the period. Finally, Xact Kapitalforvaltning AB lifted its position in Kohl’s by 3.9% in the first quarter. Xact Kapitalforvaltning AB now owns 30,646 shares of the company’s stock worth $2,008,000 after purchasing an additional 1,164 shares during the period.
Kohl’s Company Profile
Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.
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