Jefferies Group LLC reaffirmed their buy rating on shares of Kohl’s Corporation (NYSE:KSS) in a research report sent to investors on Sunday, July 30th, MarketBeat.com reports. The brokerage currently has a $48.00 price objective on the stock.
Other analysts also recently issued research reports about the stock. Vetr downgraded shares of Kohl’s Corporation from a strong-buy rating to a buy rating and set a $40.78 price target on the stock. in a report on Monday, May 15th. Royal Bank Of Canada set a $39.00 price target on shares of Kohl’s Corporation and gave the company a sell rating in a report on Monday, June 19th. Deutsche Bank AG upped their price objective on shares of Kohl’s Corporation from $37.00 to $38.00 and gave the company a hold rating in a research note on Friday, May 12th. Zacks Investment Research raised shares of Kohl’s Corporation from a hold rating to a buy rating and set a $41.00 price objective on the stock in a research note on Tuesday, July 11th. Finally, Piper Jaffray Companies set a $38.00 price objective on shares of Kohl’s Corporation and gave the company a hold rating in a research note on Thursday, May 11th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $42.73.
Shares of Kohl’s Corporation (NYSE:KSS) traded up 0.46% on Friday, reaching $37.28. 3,910,479 shares of the company were exchanged. Kohl’s Corporation has a 52-week low of $35.16 and a 52-week high of $59.67. The company has a market capitalization of $6.26 billion, a P/E ratio of 9.54 and a beta of 1.16. The stock has a 50 day moving average of $39.64 and a 200-day moving average of $39.29.
Kohl’s Corporation (NYSE:KSS) last released its quarterly earnings data on Thursday, August 10th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.05. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.12 billion. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 earnings per share. On average, analysts predict that Kohl’s Corporation will post $3.74 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend is Friday, September 1st. Kohl’s Corporation’s payout ratio is 56.41%.
Several hedge funds and other institutional investors have recently made changes to their positions in KSS. WFG Advisors LP boosted its position in shares of Kohl’s Corporation by 3.3% in the second quarter. WFG Advisors LP now owns 9,154 shares of the company’s stock valued at $354,000 after buying an additional 296 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Kohl’s Corporation by 21.3% in the second quarter. Toronto Dominion Bank now owns 57,827 shares of the company’s stock valued at $2,236,000 after buying an additional 10,171 shares during the last quarter. Afam Capital Inc. boosted its position in shares of Kohl’s Corporation by 3.8% in the second quarter. Afam Capital Inc. now owns 96,910 shares of the company’s stock valued at $3,748,000 after buying an additional 3,512 shares during the last quarter. U S Global Investors Inc. purchased a new position in shares of Kohl’s Corporation during the second quarter valued at approximately $528,000. Finally, North Star Asset Management Inc. boosted its position in shares of Kohl’s Corporation by 122.3% in the second quarter. North Star Asset Management Inc. now owns 24,396 shares of the company’s stock valued at $943,000 after buying an additional 13,420 shares during the last quarter.
Kohl’s Corporation Company Profile
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.
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