Kohl’s Corporation (KSS) Lowered to “Sell” at BidaskClub
BidaskClub cut shares of Kohl’s Corporation (NYSE:KSS) from a hold rating to a sell rating in a research note published on Sunday morning.
Other research analysts have also issued reports about the company. TheStreet raised Kohl’s Corporation from a c+ rating to a b- rating in a report on Monday, August 14th. Vetr downgraded Kohl’s Corporation from a strong-buy rating to a buy rating and set a $40.78 target price on the stock. in a research note on Monday, May 15th. Jefferies Group LLC lowered their target price on Kohl’s Corporation from $54.00 to $48.00 and set a buy rating on the stock in a research note on Tuesday, May 9th. Citigroup Inc. restated a buy rating and issued a $44.00 target price (down previously from $52.00) on shares of Kohl’s Corporation in a research note on Sunday, May 14th. Finally, Zacks Investment Research upgraded Kohl’s Corporation from a hold rating to a buy rating and set a $41.00 target price on the stock in a research note on Tuesday, July 11th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. Kohl’s Corporation presently has a consensus rating of Hold and an average price target of $42.73.
Kohl’s Corporation (NYSE:KSS) opened at 37.28 on Friday. Kohl’s Corporation has a 52-week low of $35.16 and a 52-week high of $59.67. The stock’s 50 day moving average price is $39.64 and its 200-day moving average price is $39.29. The stock has a market capitalization of $6.26 billion, a PE ratio of 9.54 and a beta of 1.16.
Kohl’s Corporation (NYSE:KSS) last announced its quarterly earnings data on Thursday, August 10th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.05. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.12 billion. Kohl’s Corporation had a return on equity of 13.16% and a net margin of 3.63%. The company’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.22 earnings per share. On average, equities analysts expect that Kohl’s Corporation will post $3.74 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.90%. Kohl’s Corporation’s payout ratio is currently 56.41%.
Several institutional investors have recently made changes to their positions in KSS. Glen Harbor Capital Management LLC boosted its position in shares of Kohl’s Corporation by 12.4% in the first quarter. Glen Harbor Capital Management LLC now owns 181,628 shares of the company’s stock worth $7,231,000 after buying an additional 20,026 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in shares of Kohl’s Corporation during the first quarter worth approximately $699,000. ProShare Advisors LLC boosted its position in shares of Kohl’s Corporation by 43.8% in the first quarter. ProShare Advisors LLC now owns 52,239 shares of the company’s stock worth $2,080,000 after buying an additional 15,922 shares during the last quarter. Korea Investment CORP boosted its position in shares of Kohl’s Corporation by 0.8% in the first quarter. Korea Investment CORP now owns 251,000 shares of the company’s stock worth $9,992,000 after buying an additional 2,100 shares during the last quarter. Finally, IFC Holdings Incorporated FL purchased a new position in shares of Kohl’s Corporation during the first quarter worth approximately $1,008,000.
Kohl’s Corporation Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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