Kohl’s Corporation (KSS) Upgraded at Gordon Haskett
Kohl’s Corporation (NYSE:KSS) was upgraded by research analysts at Gordon Haskett from a “reduce” rating to a “hold” rating in a report released on Thursday. The firm currently has a $37.00 target price on the stock, up from their prior target price of $36.00. Gordon Haskett’s target price indicates a potential downside of 6.33% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Vetr cut shares of Kohl’s Corporation from a “strong-buy” rating to a “buy” rating and set a $40.78 price target on the stock. in a report on Monday, May 15th. Citigroup Inc. restated a “buy” rating and set a $44.00 price target (down from $52.00) on shares of Kohl’s Corporation in a report on Sunday, May 14th. Jefferies Group LLC cut their price target on shares of Kohl’s Corporation from $54.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, May 9th. Zacks Investment Research upgraded shares of Kohl’s Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Tuesday, July 11th. Finally, BidaskClub upgraded shares of Kohl’s Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.98.
Shares of Kohl’s Corporation (NYSE:KSS) traded down 5.80% during midday trading on Thursday, hitting $39.50. 19,706,086 shares of the stock were exchanged. The firm’s 50 day moving average is $39.46 and its 200-day moving average is $39.38. Kohl’s Corporation has a 1-year low of $35.16 and a 1-year high of $59.67. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 11.44 and a beta of 1.16. Kohl’s Corporation also was the target of unusually large options trading activity on Wednesday. Stock traders acquired 20,293 call options on the stock. This represents an increase of 603% compared to the typical daily volume of 2,886 call options.
Kohl’s Corporation (NYSE:KSS) last released its quarterly earnings results on Thursday, August 10th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the company earned $1.22 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts predict that Kohl’s Corporation will post $3.68 EPS for the current year.
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Hedge funds have recently bought and sold shares of the company. Rothschild Investment Corp IL raised its stake in Kohl’s Corporation by 4.5% in the first quarter. Rothschild Investment Corp IL now owns 52,150 shares of the company’s stock worth $2,076,000 after buying an additional 2,235 shares during the period. Butensky & Cohen Financial Security Inc. raised its stake in Kohl’s Corporation by 2.3% in the first quarter. Butensky & Cohen Financial Security Inc. now owns 35,210 shares of the company’s stock worth $1,402,000 after buying an additional 805 shares during the period. Hartford Investment Management Co. raised its stake in Kohl’s Corporation by 9.8% in the first quarter. Hartford Investment Management Co. now owns 47,900 shares of the company’s stock worth $1,907,000 after buying an additional 4,265 shares during the period. Nisa Investment Advisors LLC raised its stake in Kohl’s Corporation by 1.3% in the first quarter. Nisa Investment Advisors LLC now owns 85,326 shares of the company’s stock worth $3,397,000 after buying an additional 1,070 shares during the period. Finally, DnB Asset Management AS raised its stake in Kohl’s Corporation by 22.9% in the first quarter. DnB Asset Management AS now owns 18,759 shares of the company’s stock worth $747,000 after buying an additional 3,500 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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