Piper Jaffray Companies Analysts Give Kohl's (KSS) a $55.00 Price Target
Other equities analysts also recently issued reports about the company. Gordon Haskett raised Kohl's from a hold rating to an accumulate rating in a report on Thursday, November 9th. Robert W. Baird set a $57.00 price target on Kohl's and gave the company a buy rating in a report on Monday, December 25th. Jefferies Group reaffirmed a buy rating on shares of Kohl's in a report on Monday, December 18th. ValuEngine raised Kohl's from a hold rating to a buy rating in a report on Friday, December 1st. Finally, Zacks Investment Research raised Kohl's from a hold rating to a buy rating and set a $47.00 price target for the company in a report on Monday, October 16th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $49.90.
Shares of Kohl's (KSS) opened at $63.87 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 1.63. Kohl's has a one year low of $35.16 and a one year high of $65.06. The firm has a market cap of $10,730.00, a P/E ratio of 16.94, a P/E/G ratio of 2.26 and a beta of 1.24.
Kohl's (NYSE:KSS) last released its earnings results on Thursday, November 9th. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.02). The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Kohl's had a return on equity of 12.72% and a net margin of 3.47%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share. analysts predict that Kohl's will post 4.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Tuesday, December 5th. Kohl's’s payout ratio is currently 58.36%.
In other news, Director Stephanie A. Streeter sold 4,173 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $53.85, for a total value of $224,716.05. Following the completion of the sale, the director now directly owns 21,960 shares of the company’s stock, valued at $1,182,546. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonas Prising purchased 4,725 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of $42.35 per share, with a total value of $200,103.75. Following the purchase, the director now directly owns 8,661 shares of the company’s stock, valued at $366,793.35. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in KSS. Balyasny Asset Management LLC raised its stake in shares of Kohl's by 28,709.6% during the second quarter. Balyasny Asset Management LLC now owns 1,667,786 shares of the company’s stock worth $64,493,000 after purchasing an additional 1,661,997 shares during the last quarter. Northern Trust Corp raised its stake in shares of Kohl's by 34.9% during the second quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock worth $208,851,000 after purchasing an additional 1,396,006 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Kohl's during the third quarter worth approximately $46,574,000. Royal Bank of Canada raised its stake in shares of Kohl's by 220.4% during the second quarter. Royal Bank of Canada now owns 460,527 shares of the company’s stock worth $17,810,000 after purchasing an additional 843,101 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Kohl's by 115.2% during the second quarter. Parametric Portfolio Associates LLC now owns 1,220,851 shares of the company’s stock worth $47,210,000 after purchasing an additional 653,659 shares during the last quarter.
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Kohl's 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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