Kohl's (KSS) Raised to “Buy” at Zacks Investment Research
Kohl's (NYSE:KSS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $71.00 target price on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 5.12% from the stock’s current price.
According to Zacks, “Kohl’s has surpassed the industry in a year, fueled by its traffic boosting and sales driving initiatives. These efforts helped the company deliver a solid holiday season, as both comps and sales rose 6.9%, faring much better than the previous period performance. Sales were driven by strong digital demand and store traffic, which in turn was backed by Kohl’s strategies like its deal with Amazon and focus on including prominent brands. Additionally, Kohl’s has been expanding its online fulfillment centers to support growth at its online platform. Notably, the better-than-expected holiday sales led to a raised earnings view for fiscal 2017. The latest tax reforms are also likely to have a favorable impact on Kohl’s performance. However, the company has been incurring higher-shipping costs related to online business. Also, it expects SG&A costs in fiscal 2017 to rise at the higher end of its previously issued range.”
Other analysts have also recently issued reports about the stock. Gordon Haskett raised shares of Kohl's from a “hold” rating to an “accumulate” rating in a research note on Thursday, November 9th. ValuEngine raised shares of Kohl's from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Jefferies Group reissued a “buy” rating and set a $50.00 price target on shares of Kohl's in a research note on Wednesday, September 27th. Citigroup increased their price target on shares of Kohl's from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, September 21st. Finally, Robert W. Baird set a $57.00 price target on shares of Kohl's and gave the company a “buy” rating in a research note on Monday, December 25th. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. Kohl's presently has an average rating of “Hold” and a consensus target price of $54.10.
Shares of Kohl's (NYSE:KSS) traded up $2.69 during trading on Wednesday, reaching $67.54. 5,559,480 shares of the company’s stock traded hands, compared to its average volume of 4,310,000. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.63 and a quick ratio of 0.30. The company has a market capitalization of $11,350.00, a PE ratio of 17.92, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. Kohl's has a 1 year low of $35.16 and a 1 year high of $67.55.
Kohl's (NYSE:KSS) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). Kohl's had a return on equity of 12.72% and a net margin of 3.47%. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the company posted $0.80 earnings per share. Kohl's’s quarterly revenue was up .1% compared to the same quarter last year. equities analysts expect that Kohl's will post 4.07 EPS for the current fiscal year.
In other Kohl's news, Director Stephanie A. Streeter sold 4,173 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $53.85, for a total value of $224,716.05. Following the transaction, the director now directly owns 21,960 shares of the company’s stock, valued at $1,182,546. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonas Prising acquired 4,725 shares of Kohl's stock in a transaction on Wednesday, November 15th. The stock was acquired at an average cost of $42.35 per share, for a total transaction of $200,103.75. Following the completion of the purchase, the director now owns 8,661 shares of the company’s stock, valued at approximately $366,793.35. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. acquired a new stake in Kohl's in the second quarter worth $2,267,000. Nationwide Fund Advisors raised its holdings in Kohl's by 38.1% in the second quarter. Nationwide Fund Advisors now owns 69,451 shares of the company’s stock worth $2,686,000 after purchasing an additional 19,155 shares during the period. Amalgamated Bank raised its holdings in Kohl's by 168.2% in the second quarter. Amalgamated Bank now owns 34,423 shares of the company’s stock worth $1,331,000 after purchasing an additional 21,590 shares during the period. Profund Advisors LLC acquired a new stake in Kohl's in the second quarter worth $221,000. Finally, Thrivent Financial For Lutherans raised its holdings in Kohl's by 3.7% in the second quarter. Thrivent Financial For Lutherans now owns 6,870 shares of the company’s stock worth $265,000 after purchasing an additional 245 shares during the period.
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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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