Kohl’s Corporation (KSS) Upgraded at Gordon Haskett
Gordon Haskett upgraded shares of Kohl’s Corporation (NYSE:KSS) from a hold rating to an accumulate rating in a research note issued to investors on Thursday, MarketBeat.com reports.
Several other brokerages have also recently issued reports on KSS. Vetr cut shares of Kohl’s Corporation from a hold rating to a sell rating and set a $37.51 target price on the stock. in a research note on Monday, July 17th. Royal Bank Of Canada set a $39.00 target price on shares of Kohl’s Corporation and gave the stock a sell rating in a research note on Tuesday, August 29th. TheStreet raised shares of Kohl’s Corporation from a c+ rating to a b- rating in a research note on Monday, August 14th. Citigroup Inc. lifted their target price on shares of Kohl’s Corporation from $44.00 to $51.00 and gave the stock a buy rating in a research note on Thursday, September 21st. Finally, BidaskClub cut shares of Kohl’s Corporation from a buy rating to a hold rating in a research note on Monday, August 14th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $43.40.
Shares of Kohl’s Corporation (NYSE KSS) opened at $43.04 on Thursday. Kohl’s Corporation has a one year low of $35.16 and a one year high of $59.67. The company has a current ratio of 1.63, a quick ratio of 0.34 and a debt-to-equity ratio of 0.88. The stock has a market cap of $7,255.68, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22.
Kohl’s Corporation (NYSE:KSS) last announced its earnings results on Thursday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.02). Kohl’s Corporation had a return on equity of 12.72% and a net margin of 3.47%. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the firm earned $0.80 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. sell-side analysts forecast that Kohl’s Corporation will post 3.76 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.20 dividend on an annualized basis and a yield of 5.11%. Kohl’s Corporation’s dividend payout ratio (DPR) is presently 58.36%.
A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Kohl’s Corporation by 1.7% during the second quarter. JPMorgan Chase & Co. now owns 10,914,565 shares of the company’s stock worth $422,066,000 after purchasing an additional 186,046 shares during the period. Dimensional Fund Advisors LP increased its stake in Kohl’s Corporation by 13.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,457,350 shares of the company’s stock worth $211,022,000 after purchasing an additional 647,469 shares during the period. Northern Trust Corp increased its stake in Kohl’s Corporation by 34.9% during the second quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock worth $208,851,000 after purchasing an additional 1,396,006 shares during the period. Wells Fargo & Company MN increased its stake in Kohl’s Corporation by 13.7% during the third quarter. Wells Fargo & Company MN now owns 4,681,324 shares of the company’s stock worth $213,702,000 after purchasing an additional 564,109 shares during the period. Finally, APG Asset Management N.V. increased its stake in Kohl’s Corporation by 9.4% during the second quarter. APG Asset Management N.V. now owns 2,676,644 shares of the company’s stock worth $103,506,000 after purchasing an additional 230,200 shares during the period.
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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