Kohl’s Corporation (NYSE:KSS) Earns Hold Rating from BMO Capital Markets
Kohl’s Corporation (NYSE:KSS)‘s stock had its “hold” rating reiterated by equities research analysts at BMO Capital Markets in a research report issued on Friday. They currently have a $43.00 price target on the stock. BMO Capital Markets’ target price suggests a potential upside of 8.86% from the company’s current price.
A number of other research firms also recently weighed in on KSS. BidaskClub upgraded shares of Kohl’s Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Vetr downgraded shares of Kohl’s Corporation from a “hold” rating to a “sell” rating and set a $37.51 price target on the stock. in a report on Monday, July 17th. Zacks Investment Research upgraded shares of Kohl’s Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th. Citigroup Inc. restated a “buy” rating and set a $44.00 price target (down previously from $52.00) on shares of Kohl’s Corporation in a report on Sunday, May 14th. Finally, UBS AG cut their price target on shares of Kohl’s Corporation from $44.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, May 12th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.07.
Shares of Kohl’s Corporation (KSS) opened at 39.50 on Friday. Kohl’s Corporation has a 12 month low of $35.16 and a 12 month high of $59.67. The company’s 50-day moving average is $39.58 and its 200-day moving average is $39.38. The stock has a market capitalization of $6.73 billion, a PE ratio of 11.44 and a beta of 1.16. Kohl’s Corporation also saw unusually large options trading activity on Wednesday. Stock traders purchased 20,293 call options on the company. This represents an increase of approximately 603% compared to the typical volume of 2,886 call options.
Kohl’s Corporation (NYSE:KSS) last released its earnings results on Thursday, August 10th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.05. Kohl’s Corporation had a net margin of 3.25% and a return on equity of 13.29%. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm earned $1.22 EPS. The company’s revenue was down .9% compared to the same quarter last year. Equities research analysts expect that Kohl’s Corporation will post $3.68 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. raised its stake in Kohl’s Corporation by 11.3% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 89,977 shares of the company’s stock valued at $3,479,000 after buying an additional 9,165 shares in the last quarter. Bruderman Asset Management LLC raised its stake in Kohl’s Corporation by 4.2% in the second quarter. Bruderman Asset Management LLC now owns 13,501 shares of the company’s stock valued at $522,000 after buying an additional 550 shares in the last quarter. Nationwide Fund Advisors raised its stake in Kohl’s Corporation by 38.1% in the second quarter. Nationwide Fund Advisors now owns 69,451 shares of the company’s stock valued at $2,686,000 after buying an additional 19,155 shares in the last quarter. Captrust Financial Advisors bought a new stake in Kohl’s Corporation during the second quarter valued at about $979,000. Finally, Norinchukin Bank The raised its stake in Kohl’s Corporation by 3.1% in the second quarter. Norinchukin Bank The now owns 56,139 shares of the company’s stock valued at $2,171,000 after buying an additional 1,691 shares in the last quarter.
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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