Kohl’s (KSS) Price Target Cut to $67.00

Kohl’s (NYSE:KSS) had its target price decreased by Credit Suisse Group from $78.00 to $67.00 in a report published on Wednesday. Credit Suisse Group currently has a neutral rating on the stock.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Kohl’s from a buy rating to a hold rating in a research note on Thursday, August 23rd. MKM Partners raised their target price on shares of Kohl’s to $81.00 and gave the stock a neutral rating in a research note on Wednesday, August 22nd. ValuEngine raised shares of Kohl’s from a hold rating to a buy rating in a research note on Monday, August 13th. Royal Bank of Canada set a $82.00 target price on shares of Kohl’s and gave the stock a hold rating in a research note on Wednesday, August 22nd. Finally, Telsey Advisory Group raised their target price on shares of Kohl’s from $86.00 to $99.00 and gave the stock an outperform rating in a research note on Wednesday, August 22nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Kohl’s currently has a consensus rating of Hold and a consensus price target of $77.25.

KSS opened at $63.83 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.53 and a current ratio of 1.58. Kohl’s has a 1-year low of $44.63 and a 1-year high of $83.28. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, November 20th. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. Kohl’s had a net margin of 4.94% and a return on equity of 16.06%. The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the company posted $0.70 EPS. The business’s revenue was up 1.3% on a year-over-year basis. Sell-side analysts forecast that Kohl’s will post 5.5 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be issued a dividend of $0.61 per share. The ex-dividend date is Tuesday, December 11th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.82%. Kohl’s’s dividend payout ratio is currently 58.23%.

In other news, EVP Ratnakar Lavu sold 12,205 shares of the firm’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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephanie A. Streeter sold 4,776 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $81.50, for a total transaction of $389,244.00. Following the sale, the director now owns 24,860 shares of the company’s stock, valued at approximately $2,026,090. The disclosure for this sale can be found here. Insiders have sold a total of 75,788 shares of company stock valued at $6,104,331 in the last 90 days. Insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in KSS. LFA Lugano Financial Advisors SA acquired a new stake in Kohl’s in the 2nd quarter valued at approximately $106,000. MUFG Americas Holdings Corp increased its holdings in Kohl’s by 280.0% in the 2nd 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. increased its holdings in Kohl’s by 125.8% in the 3rd 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. HighPoint Advisor Group LLC acquired a new stake in Kohl’s in the 3rd quarter valued at approximately $182,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in Kohl’s by 39.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,551 shares of the company’s stock valued at $190,000 after purchasing an additional 718 shares during the last quarter.

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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Analyst Recommendations for Kohl`s (NYSE:KSS)

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