Kohl’s (NYSE:KSS) Upgraded by Wall Street Zen to Buy Rating

by · The Cerbat Gem

Wall Street Zen upgraded shares of Kohl’s (NYSE:KSS – Free Report) from a hold rating to a buy rating in a research note issued to investors on Sunday morning.

Several other equities analysts have also issued reports on KSS. Citigroup boosted their price objective on Kohl’s from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Cowen reissued a “hold” rating on shares of Kohl’s in a research report on Wednesday, November 26th. Evercore ISI boosted their price objective on shares of Kohl’s from $13.00 to $21.00 and gave the company an “in-line” rating in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kohl’s in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group assumed coverage on Kohl’s in a research note on Wednesday. They issued a “hold” rating and a $22.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $15.55.

Check Out Our Latest Analysis on KSS

Kohl’s Price Performance

KSS opened at $18.59 on Friday. The stock has a market cap of $2.09 billion, a P/E ratio of 10.81 and a beta of 1.42. Kohl’s has a 12 month low of $6.04 and a 12 month high of $25.22. The company has a quick ratio of 0.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.99. The company has a fifty day simple moving average of $20.79 and a 200 day simple moving average of $16.54.

Kohl’s (NYSE:KSS – Get Free Report) last posted its earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.29. Kohl’s had a return on equity of 4.30% and a net margin of 1.23%.The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. On average, research analysts expect that Kohl’s will post 1.3 EPS for the current year.

Kohl’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.7%. Kohl’s’s payout ratio is 29.07%.

Insider Transactions at Kohl’s

In other Kohl’s news, CFO Jill Timm sold 10,000 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the chief financial officer owned 325,561 shares in the company, valued at $7,813,464. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Kohl’s

A number of hedge funds have recently made changes to their positions in KSS. Harbor Capital Advisors Inc. acquired a new position in shares of Kohl’s during the 3rd quarter worth approximately $28,000. IFP Advisors Inc boosted its position in Kohl’s by 3,777.6% during the third quarter. IFP Advisors Inc now owns 1,900 shares of the company’s stock worth $31,000 after purchasing an additional 1,851 shares during the period. Caldwell Trust Co acquired a new position in shares of Kohl’s in the third quarter valued at $33,000. Future Financial Wealth Managment LLC raised its position in shares of Kohl’s by 400.0% in the third quarter. Future Financial Wealth Managment LLC now owns 2,500 shares of the company’s stock valued at $38,000 after purchasing an additional 2,000 shares during the period. Finally, iSAM Funds UK Ltd bought a new position in shares of Kohl’s in the third quarter valued at about $39,000. 98.04% of the stock is owned by institutional investors and hedge funds.

About Kohl’s

(Get Free Report)

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.

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