Kohl’s’ (KSS) “Buy” Rating Reiterated at Cowen

Cowen reiterated their buy rating on shares of Kohl’s (NYSE:KSS) in a research report released on Wednesday. They currently have a $82.00 price objective on the stock.

A number of other equities analysts also recently weighed in on KSS. Piper Jaffray Companies set a $68.00 price target on Kohl’s and gave the stock a hold rating in a research report on Wednesday. Royal Bank of Canada set a $82.00 price target on Kohl’s and gave the stock a hold rating in a research report on Wednesday, August 22nd. Bank of America set a $80.00 price target on Kohl’s and gave the stock a buy rating in a research report on Tuesday, November 20th. Citigroup reduced their price target on Kohl’s from $79.00 to $71.00 and set a neutral rating for the company in a research report on Wednesday. Finally, Telsey Advisory Group reduced their price target on Kohl’s from $99.00 to $90.00 and set an outperform rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. Kohl’s has an average rating of Hold and a consensus target price of $77.25.

Shares of KSS opened at $63.83 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. Kohl’s has a 52-week low of $44.63 and a 52-week high of $83.28. The company has a market capitalization of $10.64 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 1.74 and a beta of 1.10.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, November 20th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.02. Kohl’s had a return on equity of 16.06% and a net margin of 4.94%. The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period in the previous year, the firm earned $0.70 EPS. Kohl’s’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts forecast that Kohl’s will post 5.51 EPS for the current year.

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

In other news, insider Richard D. Schepp sold 21,584 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $81.75, for a total value of $1,764,492.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Sona Chawla sold 27,223 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $80.92, for a total value of $2,202,885.16. Following the completion of the sale, the president now directly owns 253,021 shares of the company’s stock, valued at approximately $20,474,459.32. The disclosure for this sale can be found here. In the last three months, insiders sold 75,788 shares of company stock valued at $6,104,331. 1.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA bought a new stake in Kohl’s in the 2nd quarter valued at $106,000. MUFG Americas Holdings Corp raised its stake 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 acquiring an additional 1,400 shares during the period. Winslow Evans & Crocker Inc. raised its stake 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 acquiring an additional 1,276 shares during the period. Whittier Trust Co. raised its stake in Kohl’s by 1,497.6% in the 2nd quarter. Whittier Trust Co. now owns 3,307 shares of the company’s stock valued at $174,000 after acquiring an additional 3,100 shares during the period. Finally, HighPoint Advisor Group LLC bought a new stake in Kohl’s in the 3rd quarter valued at $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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Analyst Recommendations for Kohl`s (NYSE:KSS)

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