Kohl’s (NYSE:KSS) had its price target hoisted by Bank of America from $30.00 to $36.00 in a research report report published on Wednesday morning, Analyst Ratings Network reports. Bank of America currently has a buy rating on the stock.
A number of other equities research analysts have also recently issued reports on the stock. Credit Suisse Group upped their price target on shares of Kohl’s from $23.00 to $30.00 and gave the company a neutral rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kohl’s from $19.00 to $28.00 and gave the stock a hold rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Kohl’s from a sell rating to a hold rating and set a $21.00 price objective for the company in a research note on Wednesday, August 19th. Citigroup lifted their target price on shares of Kohl’s from $19.00 to $21.00 and gave the company a neutral rating in a research report on Wednesday, August 19th. Finally, Telsey Advisory Group reissued a market perform rating and issued a $24.00 price target on shares of Kohl’s in a research report on Tuesday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Kohl’s currently has an average rating of Hold and an average target price of $31.82.
Shares of NYSE KSS opened at $28.41 on Wednesday. The business’s 50-day simple moving average is $22.25 and its 200-day simple moving average is $21.19. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.17 and a current ratio of 2.22. Kohl’s has a 52 week low of $10.89 and a 52 week high of $51.60. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of -40.59 and a beta of 1.68.
Kohl’s (NYSE:KSS) last announced its earnings results on Monday, November 16th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.44. Kohl’s had a negative return on equity of 2.15% and a negative net margin of 0.61%. During the same quarter in the previous year, the company earned $0.74 earnings per share. As a group, equities research analysts forecast that Kohl’s will post -3.34 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in KSS. American International Group Inc. lifted its position in Kohl’s by 438.4% during the 3rd quarter. American International Group Inc. now owns 289,183 shares of the company’s stock worth $5,359,000 after buying an additional 235,469 shares in the last quarter. AlphaCrest Capital Management LLC lifted its position in shares of Kohl’s by 140.2% during the second quarter. AlphaCrest Capital Management LLC now owns 27,965 shares of the company’s stock worth $581,000 after purchasing an additional 16,325 shares in the last quarter. Northern Oak Wealth Management Inc. lifted its position in shares of Kohl’s by 490.8% during the second quarter. Northern Oak Wealth Management Inc. now owns 14,445 shares of the company’s stock worth $300,000 after purchasing an additional 12,000 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Kohl’s by 1.8% during the third quarter. International Assets Investment Management LLC now owns 34,800 shares of the company’s stock valued at $48,000 after purchasing an additional 600 shares during the last quarter. Finally, Wilsey Asset Management Inc. increased its holdings in shares of Kohl’s by 23.1% in the third quarter. Wilsey Asset Management Inc. now owns 378,748 shares of the company’s stock valued at $7,018,000 after purchasing an additional 71,132 shares in the last quarter. 81.34% of the stock is owned by institutional investors and hedge funds.
Kohl’s Company Profile
Kohl's Corporation operates as a retail company in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, and Simply Vera Vera Wang.
Read More: Why are analyst ratings important in trading stocks?
Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.