Telsey Advisory Group Trims Kohl’s (KSS) Target Price to $90.00

Kohl’s (NYSE:KSS) had its target price lowered by Telsey Advisory Group from $99.00 to $90.00 in a research note released on Wednesday, Marketbeat.com reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also weighed in on the stock. Bank of America restated a buy rating and set a $90.00 target price on shares of Kohl’s in a research report on Wednesday, October 10th. Zacks Investment Research upgraded shares of Kohl’s from a hold rating to a buy rating and set a $83.00 target price on the stock in a research report on Tuesday, July 24th. Morgan Stanley upped their target price on shares of Kohl’s from $45.00 to $51.00 and gave the stock an underweight rating in a research report on Thursday, August 23rd. Goldman Sachs Group started coverage on shares of Kohl’s in a research report on Monday, September 3rd. They set a buy rating and a $91.00 target price on the stock. Finally, Credit Suisse Group upped their target price on shares of Kohl’s from $74.00 to $78.00 and gave the stock a neutral rating in a research report on Wednesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. The company has an average rating of Hold and an average price target of $77.25.

NYSE KSS opened at $63.83 on Wednesday. The stock has a market cap of $11.05 billion, a P/E ratio of 15.23, a PEG ratio of 1.81 and a beta of 1.10. Kohl’s has a 52-week low of $44.63 and a 52-week high of $83.28. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.58 and a quick ratio of 0.53.

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

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

In other news, Director Stephanie A. Streeter sold 4,776 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $81.50, for a total value of $389,244.00. Following the sale, the director now directly owns 24,860 shares in the company, valued at $2,026,090. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard D. Schepp sold 21,584 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $81.75, for a total transaction of $1,764,492.00. The disclosure for this sale can be found here. Insiders sold 75,788 shares of company stock worth $6,104,331 over the last quarter. Company insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA acquired a new stake in Kohl’s during the second quarter worth approximately $106,000. MUFG Americas Holdings Corp boosted its position 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 acquiring an additional 1,400 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its position 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 acquiring an additional 1,276 shares during the last quarter. Whittier Trust Co. boosted its position 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 acquiring an additional 3,100 shares during the last quarter. Finally, HighPoint Advisor Group LLC acquired a new stake in Kohl’s during the third quarter worth 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.

Read More: Depreciation

Analyst Recommendations for Kohl`s (NYSE:KSS)

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.

Leave a Reply