Kohl’s (KSS) Price Target Raised to $45.00

Kohl’s (NYSE:KSS) had its target price increased by Morgan Stanley from $41.00 to $45.00 in a research report released on Wednesday morning. The brokerage currently has an underweight rating on the stock.

KSS has been the topic of several other reports. Robert W. Baird set a $73.00 price objective on shares of Kohl’s and gave the stock a buy rating in a research note on Thursday, March 1st. BMO Capital Markets upped their price objective on shares of Kohl’s to $69.00 and gave the stock a hold rating in a research note on Friday, March 2nd. Cowen reaffirmed a hold rating and set a $66.00 price objective on shares of Kohl’s in a research note on Friday, March 2nd. Credit Suisse Group reaffirmed a neutral rating and set a $72.00 price objective on shares of Kohl’s in a research note on Friday, May 11th. Finally, Royal Bank of Canada set a $69.00 price objective on shares of Kohl’s and gave the stock a hold rating in a research note on Thursday, March 1st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. Kohl’s currently has an average rating of Hold and an average price target of $61.19.

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Shares of Kohl’s opened at $62.26 on Wednesday, MarketBeat Ratings reports. The company has a current ratio of 2.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.74 and a beta of 1.27. Kohl’s has a 1-year low of $35.16 and a 1-year high of $69.48.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, May 22nd. The company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.14. The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Kohl’s had a net margin of 4.46% and a return on equity of 14.42%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. equities analysts anticipate that Kohl’s will post 5.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 13th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, June 12th. This represents a $2.44 dividend on an annualized basis and a yield of 3.92%. Kohl’s’s payout ratio is presently 58.23%.

In other Kohl’s news, CEO Kevin Mansell sold 142,552 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $64.20, for a total value of $9,151,838.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen E. Watson sold 18,340 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $66.37, for a total transaction of $1,217,225.80. Following the completion of the transaction, the director now directly owns 12,213 shares in the company, valued at $810,576.81. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 310,006 shares of company stock worth $20,025,940. Insiders own 1.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Maverick Capital Ltd. boosted its stake in Kohl’s by 286.9% in the fourth quarter. Maverick Capital Ltd. now owns 332,120 shares of the company’s stock valued at $18,011,000 after acquiring an additional 246,270 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Kohl’s by 94.5% in the fourth quarter. Macquarie Group Ltd. now owns 60,100 shares of the company’s stock valued at $33,907,000 after acquiring an additional 29,200 shares during the last quarter. Creative Planning boosted its stake in Kohl’s by 37.4% in the fourth quarter. Creative Planning now owns 6,174 shares of the company’s stock valued at $335,000 after acquiring an additional 1,681 shares during the last quarter. Global Financial Private Capital LLC boosted its stake in Kohl’s by 93.4% in the fourth quarter. Global Financial Private Capital LLC now owns 19,015 shares of the company’s stock valued at $1,031,000 after acquiring an additional 9,185 shares during the last quarter. Finally, BB&T Securities LLC boosted its stake in Kohl’s by 427.1% in the fourth quarter. BB&T Securities LLC now owns 26,919 shares of the company’s stock valued at $1,459,000 after acquiring an additional 21,812 shares during the last quarter.

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.

Analyst Recommendations for Kohl`s (NYSE:KSS)

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