Robert W. Baird Upgrades Kohl's (NYSE:KSS) to “Outperform”

Kohl's (NYSE:KSS) was upgraded by investment analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report released on Friday, November 10th, MarketBeat reports. The firm currently has a $47.00 target price on the stock, up from their previous target price of $46.00. Robert W. Baird’s price objective points to a potential downside of 1.47% from the stock’s previous close.

Several other brokerages have also weighed in on KSS. Vetr lowered Kohl's from a “hold” rating to a “sell” rating and set a $37.51 price objective for the company. in a research report on Monday, July 17th. Royal Bank Of Canada set a $39.00 price objective on Kohl's and gave the stock a “sell” rating in a research report on Tuesday, August 29th. TheStreet upgraded Kohl's from a “c+” rating to a “b-” rating in a research note on Monday, August 14th. Citigroup upped their price target on Kohl's from $44.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, September 21st. Finally, BidaskClub cut Kohl's from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $42.74.

Shares of Kohl's (KSS) traded up $1.69 during trading on Friday, hitting $47.70. The company’s stock had a trading volume of 7,164,400 shares, compared to its average volume of 4,465,475. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $8,130.00, a PE ratio of 11.96, a P/E/G ratio of 1.80 and a beta of 1.22. Kohl's has a fifty-two week low of $35.16 and a fifty-two week high of $59.67.

Kohl's (NYSE:KSS) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Kohl's had a net margin of 2.70% and a return on equity of 9.33%. Kohl's’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. equities analysts forecast that Kohl's will post 3.75 EPS for the current fiscal year.

In other Kohl's news, Director Jonas Prising purchased 4,725 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were bought 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 directly owns 8,661 shares in the company, valued at $366,793.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of KSS. Ffcm LLC grew its holdings in shares of Kohl's by 179.3% during the second quarter. Ffcm LLC now owns 3,033 shares of the company’s stock worth $120,000 after purchasing an additional 1,947 shares during the last quarter. Johnson Financial Group Inc. grew its holdings in shares of Kohl's by 0.3% during the second quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock worth $128,000 after purchasing an additional 10 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in Kohl's by 68.6% in the 2nd quarter. CENTRAL TRUST Co now owns 3,324 shares of the company’s stock valued at $129,000 after purchasing an additional 1,352 shares in the last quarter. Exane Derivatives boosted its holdings in Kohl's by 209.8% in the 2nd quarter. Exane Derivatives now owns 3,687 shares of the company’s stock valued at $143,000 after purchasing an additional 2,497 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in Kohl's in the 2nd quarter valued at approximately $146,000.

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About Kohl's

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.

Analyst Recommendations for Kohl's (NYSE:KSS)

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