Telsey Advisory Group upgraded shares of Kohl’s Corporation (NYSE:KSS) from a market perform rating to an outperform rating in a report published on Monday morning, Marketbeat.com reports. They currently have $50.00 price objective on the stock, up from their prior price objective of $43.00.
Several other equities research analysts have also issued reports on the company. Zacks Investment Research raised Kohl’s Corporation from a hold rating to a buy rating and set a $41.00 price objective for the company in a research note on Tuesday, July 11th. Vetr lowered Kohl’s Corporation from a strong-buy rating to a hold rating and set a $37.51 price objective for the company. in a research note on Tuesday, June 27th. Royal Bank Of Canada set a $39.00 price objective on Kohl’s Corporation and gave the company a sell rating in a research note on Tuesday, August 29th. BidaskClub raised Kohl’s Corporation from a sell rating to a hold rating in a research note on Wednesday, July 5th. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $48.00 price objective on shares of Kohl’s Corporation in a research note on Wednesday, June 21st. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $42.90.
Kohl’s Corporation (NYSE KSS) opened at 42.32 on Monday. The firm has a 50-day moving average price of $43.22 and a 200-day moving average price of $39.90. Kohl’s Corporation has a 52 week low of $35.16 and a 52 week high of $59.67. The stock has a market capitalization of $7.13 billion, a PE ratio of 10.83 and a beta of 1.19.
Kohl’s Corporation (NYSE:KSS) last posted its quarterly earnings data on Thursday, August 10th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.05. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.12 billion. Kohl’s Corporation had a return on equity of 13.16% and a net margin of 3.63%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the company earned $1.22 EPS. Equities research analysts predict that Kohl’s Corporation will post $3.76 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by BBNS and is owned by of BBNS. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://baseballnewssource.com/markets/kohls-corporation-kss-stock-rating-upgraded-by-telsey-advisory-group/1704236.html.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th were issued a dividend of $0.55 per share. The ex-dividend date was Friday, September 1st. This represents a $2.20 annualized dividend and a yield of 5.20%. Kohl’s Corporation’s payout ratio is currently 56.41%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KSS. UBS Asset Management Americas Inc. increased its holdings in Kohl’s Corporation by 13.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 837,998 shares of the company’s stock worth $33,361,000 after purchasing an additional 98,283 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Kohl’s Corporation by 31.4% in the 1st quarter. Victory Capital Management Inc. now owns 75,945 shares of the company’s stock valued at $3,023,000 after acquiring an additional 18,168 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Kohl’s Corporation by 0.7% in the 1st quarter. Alliancebernstein L.P. now owns 349,435 shares of the company’s stock valued at $13,911,000 after acquiring an additional 2,269 shares during the period. Wellington Management Group LLP increased its holdings in shares of Kohl’s Corporation by 29.7% in the 1st quarter. Wellington Management Group LLP now owns 420,246 shares of the company’s stock valued at $16,731,000 after acquiring an additional 96,175 shares during the period. Finally, Advantus Capital Management Inc increased its holdings in shares of Kohl’s Corporation by 0.7% in the 1st quarter. Advantus Capital Management Inc now owns 17,611 shares of the company’s stock valued at $701,000 after acquiring an additional 114 shares during the period.
About Kohl’s Corporation
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.
Receive News & Ratings for Kohl's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's Corporation and related companies with our FREE daily email newsletter.