Kohl’s (KSS) Price Target Lowered to $73.00 at Royal Bank of Canada

Kohl’s (NYSE:KSS) had its target price cut by analysts at Royal Bank of Canada to $73.00 in a research report issued on Wednesday, The Fly reports. The brokerage presently has a “market perform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 10.11% from the company’s previous close.

A number of other brokerages have also commented on KSS. Credit Suisse Group boosted their price objective on Kohl’s from $74.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday, August 22nd. MKM Partners boosted their price objective on Kohl’s to $81.00 and gave the stock a “neutral” rating in a report on Wednesday, August 22nd. Guggenheim reissued a “buy” rating and set a $85.00 price objective on shares of Kohl’s in a report on Tuesday, August 21st. Telsey Advisory Group boosted their price objective on Kohl’s from $86.00 to $99.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. Finally, Zacks Investment Research lowered Kohl’s from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $77.25.

Shares of KSS opened at $66.30 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.58 and a quick ratio of 0.53. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 1.81 and a beta of 1.10. Kohl’s has a 52 week low of $44.08 and a 52 week high of $83.28.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, November 20th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.36 billion. Kohl’s had a return on equity of 16.06% and a net margin of 4.94%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 EPS. Analysts expect that Kohl’s will post 5.5 EPS for the current year.

In other news, EVP Ratnakar Lavu sold 12,205 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $82.00, for a total value of $1,000,810.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard D. Schepp sold 21,584 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $81.75, for a total value of $1,764,492.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,788 shares of company stock valued at $6,104,331. 1.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. LFA Lugano Financial Advisors SA purchased a new position in Kohl’s in the second quarter valued at approximately $106,000. MUFG Americas Holdings Corp lifted its stake in Kohl’s by 280.0% in the second quarter. MUFG Americas Holdings Corp now owns 1,900 shares of the company’s stock valued at $139,000 after purchasing an additional 1,400 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its stake in Kohl’s by 125.8% in the third quarter. Winslow Evans & Crocker Inc. now owns 2,290 shares of the company’s stock valued at $172,000 after purchasing an additional 1,276 shares during the last quarter. Whittier Trust Co. lifted its stake in Kohl’s by 1,497.6% in the second quarter. Whittier Trust Co. now owns 3,307 shares of the company’s stock valued at $174,000 after purchasing an additional 3,100 shares during the last quarter. Finally, HighPoint Advisor Group LLC purchased a new position in Kohl’s in the third quarter valued at approximately $182,000.

About Kohl’s

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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The Fly

Analyst Recommendations for Kohl`s (NYSE:KSS)

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