Kohl’s (KSS) Now Covered by Goldman Sachs Group
Equities research analysts at Goldman Sachs Group assumed coverage on shares of Kohl’s (NYSE:KSS) in a research report issued on Monday, MarketBeat.com reports. The firm set a “buy” rating and a $91.00 price target on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 10.91% from the stock’s current price.
Several other research analysts have also commented on KSS. Royal Bank of Canada set a $82.00 price target on Kohl’s and gave the stock a “hold” rating in a research report on Wednesday, August 22nd. ValuEngine upgraded Kohl’s from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. MKM Partners raised their price target on Kohl’s to $81.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. Zacks Investment Research lowered Kohl’s from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. Finally, Susquehanna Bancshares restated a “neutral” rating on shares of Kohl’s in a research report on Thursday, June 7th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $77.20.
KSS stock opened at $82.05 on Monday. The company has a quick ratio of 0.53, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. Kohl’s has a 52-week low of $37.97 and a 52-week high of $82.22.
In related news, insider Richard D. Schepp sold 15,000 shares of Kohl’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $78.52, for a total value of $1,177,800.00. Following the completion of the transaction, the insider now directly owns 161,050 shares in the company, valued at $12,645,646. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven A. Burd sold 4,945 shares of Kohl’s stock in a transaction on Friday, June 8th. The shares were sold at an average price of $76.67, for a total value of $379,133.15. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Cetera Advisors LLC purchased a new stake in Kohl’s during the 1st quarter worth about $351,000. Stifel Financial Corp lifted its holdings in Kohl’s by 23.3% during the 1st quarter. Stifel Financial Corp now owns 98,093 shares of the company’s stock worth $6,429,000 after buying an additional 18,552 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its holdings in Kohl’s by 29.0% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 59,862 shares of the company’s stock worth $4,364,000 after buying an additional 13,462 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Kohl’s by 8.7% during the 2nd quarter. LS Investment Advisors LLC now owns 14,492 shares of the company’s stock worth $1,056,000 after buying an additional 1,163 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Kohl’s by 15.9% during the 2nd quarter. KBC Group NV now owns 260,125 shares of the company’s stock worth $18,963,000 after buying an additional 35,599 shares during the last quarter.
Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.
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