Kohl’s (NYSE:KSS) Raised to Hold at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Kohl’s (NYSE:KSS – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Several other research firms also recently issued reports on KSS. Telsey Advisory Group restated a “market perform” rating and issued a $9.00 price target on shares of Kohl’s in a research note on Thursday, May 29th. Barclays boosted their price target on Kohl’s from $4.00 to $5.00 and gave the company an “underweight” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. boosted their price target on Kohl’s from $8.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, July 28th. Gordon Haskett upgraded Kohl’s from a “reduce” rating to a “hold” rating in a research note on Tuesday, August 12th. Finally, The Goldman Sachs Group restated a “sell” rating on shares of Kohl’s in a research note on Thursday, May 29th. Six research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat, Kohl’s presently has a consensus rating of “Hold” and an average target price of $9.89.

Check Out Our Latest Research Report on Kohl’s

Kohl’s Stock Performance

Shares of NYSE KSS opened at $13.65 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.14 and a debt-to-equity ratio of 0.95. Kohl’s has a 12 month low of $6.04 and a 12 month high of $21.39. The stock has a 50 day moving average of $10.35 and a 200-day moving average of $9.39. The company has a market capitalization of $1.53 billion, a P/E ratio of 12.52 and a beta of 1.73.

Kohl’s (NYSE:KSS – Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.09. Kohl’s had a return on equity of 4.71% and a net margin of 0.75%. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the company posted ($0.24) EPS. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities research analysts predict that Kohl’s will post 1.3 EPS for the current year.

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.7%. Kohl’s’s payout ratio is 45.87%.

Hedge Funds Weigh In On Kohl’s

A number of institutional investors have recently modified their holdings of KSS. National Bank of Canada FI acquired a new position in shares of Kohl’s during the 1st quarter worth $25,000. Smartleaf Asset Management LLC raised its holdings in shares of Kohl’s by 161.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company’s stock worth $26,000 after buying an additional 1,887 shares in the last quarter. CWM LLC raised its holdings in shares of Kohl’s by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company’s stock worth $34,000 after buying an additional 1,386 shares in the last quarter. State of Wyoming acquired a new position in shares of Kohl’s during the 4th quarter worth $35,000. Finally, Cheviot Value Management LLC acquired a new position in shares of Kohl’s during the 1st quarter worth $36,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Company Profile

(Get Free Report)

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

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