Kohl’s Co. (NYSE:KSS) – Wedbush lifted their FY2019 earnings estimates for Kohl’s in a research note issued to investors on Tuesday, October 30th. Wedbush analyst J. Redding now anticipates that the company will post earnings of $5.54 per share for the year, up from their prior estimate of $5.42. Wedbush has a “Neutral” rating and a $75.00 price objective on the stock. Wedbush also issued estimates for Kohl’s’ FY2020 earnings at $5.68 EPS.
Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, August 21st. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.12. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.27 billion. Kohl’s had a net margin of 4.79% and a return on equity of 15.55%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.24 earnings per share.
A number of other equities analysts have also weighed in on the stock. Bank of America reissued a “buy” rating and issued a $90.00 price objective on shares of Kohl’s in a research report on Wednesday, October 10th. Zacks Investment Research raised shares of Kohl’s from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Tuesday, July 24th. Telsey Advisory Group boosted their price objective on shares of Kohl’s from $86.00 to $99.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd. Morgan Stanley boosted their price objective on shares of Kohl’s from $45.00 to $51.00 and gave the company an “underweight” rating in a research report on Thursday, August 23rd. Finally, Goldman Sachs Group initiated coverage on shares of Kohl’s in a research report on Monday, September 3rd. They issued a “buy” rating and a $91.00 price objective for the company. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $78.20.
NYSE:KSS opened at $76.90 on Thursday. The company has a quick ratio of 0.53, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $12.63 billion, a PE ratio of 18.35, a PEG ratio of 2.08 and a beta of 1.10. Kohl’s has a 1-year low of $37.97 and a 1-year high of $82.42.
In related news, EVP Ratnakar Lavu sold 12,205 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $82.00, for a total transaction of $1,000,810.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Sona Chawla sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of $74.69, for a total transaction of $746,900.00. Following the transaction, the president now directly owns 224,159 shares of the company’s stock, valued at approximately $16,742,435.71. The disclosure for this sale can be found here. Insiders have sold 75,788 shares of company stock valued at $6,104,331 in the last ninety days. 1.20% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA purchased a new stake in Kohl’s during the second quarter worth approximately $106,000. MUFG Americas Holdings Corp grew its stake in Kohl’s by 280.0% during the second quarter. MUFG Americas Holdings Corp now owns 1,900 shares of the company’s stock worth $139,000 after buying an additional 1,400 shares during the period. Winslow Evans & Crocker Inc. grew its stake in Kohl’s by 125.8% during the third quarter. Winslow Evans & Crocker Inc. now owns 2,290 shares of the company’s stock worth $172,000 after buying an additional 1,276 shares during the period. Whittier Trust Co. grew its stake in Kohl’s by 1,497.6% during the second quarter. Whittier Trust Co. now owns 3,307 shares of the company’s stock worth $174,000 after buying an additional 3,100 shares during the period. Finally, HighPoint Advisor Group LLC purchased a new stake in Kohl’s during the third quarter worth approximately $182,000.
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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