Kohl’s Corporation (NYSE:KSS) Rating Reiterated by Instinet
Kohl’s Corporation (NYSE:KSS)‘s stock had its “buy” rating restated by equities research analysts at Instinet in a report issued on Thursday. They currently have a $51.00 target price on the stock, up from their prior target price of $41.00. Instinet’s target price suggests a potential upside of 21.63% from the company’s current price.
A number of other research analysts have also weighed in on KSS. Zacks Investment Research raised shares of Kohl’s Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Atlantic Securities raised shares of Kohl’s Corporation from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $36.00 to $42.00 in a research note on Thursday, May 4th. Gordon Haskett started coverage on shares of Kohl’s Corporation in a research note on Tuesday, May 9th. They issued a “reduce” rating and a $35.00 target price on the stock. Jefferies Group LLC decreased their target price on shares of 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. Finally, Piper Jaffray Companies set a $38.00 target price on shares of Kohl’s Corporation and gave the stock a “hold” rating in a research note on Thursday, May 11th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. Kohl’s Corporation has a consensus rating of “Hold” and an average price target of $43.02.
Shares of Kohl’s Corporation (NYSE:KSS) opened at 41.93 on Thursday. The stock has a market capitalization of $7.15 billion, a P/E ratio of 12.14 and a beta of 1.16. Kohl’s Corporation has a 12 month low of $35.16 and a 12 month high of $59.67. The firm’s 50-day moving average price is $39.46 and its 200-day moving average price is $39.38.
Kohl’s Corporation (NYSE:KSS) last released its earnings results on Thursday, May 11th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.10. Kohl’s Corporation had a net margin of 3.25% and a return on equity of 13.29%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the company posted $0.31 EPS. The business’s revenue was down 3.2% on a year-over-year basis. On average, equities research analysts forecast that Kohl’s Corporation will post $3.68 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in KSS. Ffcm LLC raised its stake in shares of Kohl’s Corporation by 179.3% in the second quarter. Ffcm LLC now owns 3,033 shares of the company’s stock worth $120,000 after buying an additional 1,947 shares during the last quarter. CENTRAL TRUST Co raised its stake in shares of Kohl’s Corporation by 68.6% in the second quarter. CENTRAL TRUST Co now owns 3,324 shares of the company’s stock worth $129,000 after buying an additional 1,352 shares during the last quarter. Johnson Financial Group Inc. raised its stake in shares of Kohl’s Corporation by 30.9% in the first quarter. Johnson Financial Group Inc. now owns 3,295 shares of the company’s stock worth $132,000 after buying an additional 778 shares during the last quarter. Exane Derivatives increased its position in Kohl’s Corporation by 209.8% in the second quarter. Exane Derivatives now owns 3,687 shares of the company’s stock valued at $143,000 after buying an additional 2,497 shares during the period. Finally, Penserra Capital Management LLC acquired a new position in Kohl’s Corporation during the second quarter valued at approximately $146,000.
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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