Guggenheim Begins Coverage on Kohl’s Corp. (KSS)
A number of other equities research analysts have also recently commented on the company. Goldman Sachs Group Inc. reaffirmed a sell rating and set a $33.00 price objective on shares of Kohl’s Corp. in a research note on Monday, August 1st. TheStreet raised Kohl’s Corp. from a hold rating to a buy rating in a research note on Friday, August 19th. Robert W. Baird reaffirmed an outperform rating on shares of Kohl’s Corp. in a research note on Tuesday, June 28th. Jefferies Group reaffirmed a buy rating on shares of Kohl’s Corp. in a research note on Monday, September 12th. Finally, Vetr cut Kohl’s Corp. from a strong-buy rating to a hold rating and set a $41.50 price objective for the company. in a research note on Monday, August 1st. Six analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $47.88.
Shares of Kohl’s Corp. (NYSE:KSS) opened at 43.26 on Friday. The stock’s 50 day moving average price is $43.85 and its 200-day moving average price is $41.19. The stock has a market capitalization of $7.77 billion, a P/E ratio of 14.05 and a beta of 0.98. Kohl’s Corp. has a 1-year low of $33.87 and a 1-year high of $52.06.
Kohl’s Corp. (NYSE:KSS) last released its earnings results on Thursday, August 11th. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.19. The company earned $4.18 billion during the quarter, compared to analysts’ expectations of $4.16 billion. Kohl’s Corp. had a return on equity of 13.39% and a net margin of 3.02%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $1.07 EPS. Equities research analysts anticipate that Kohl’s Corp. will post $3.89 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Friday, September 2nd. Kohl’s Corp.’s dividend payout ratio (DPR) is presently 65.15%.
A number of institutional investors have recently made changes to their positions in KSS. Legal & General Group Plc increased its position in shares of Kohl’s Corp. by 3.2% in the first quarter. Legal & General Group Plc now owns 913,000 shares of the company’s stock worth $42,543,000 after buying an additional 28,113 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in Kohl’s Corp. during the first quarter valued at approximately $47,865,000. PGGM Investments increased its position in Kohl’s Corp. by 29.8% in the second quarter. PGGM Investments now owns 906,775 shares of the company’s stock valued at $34,385,000 after buying an additional 207,964 shares during the last quarter. Aperio Group LLC increased its position in Kohl’s Corp. by 22.2% in the first quarter. Aperio Group LLC now owns 78,569 shares of the company’s stock valued at $3,662,000 after buying an additional 14,281 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in Kohl’s Corp. by 13,075.2% in the first quarter. Acadian Asset Management LLC now owns 16,996 shares of the company’s stock valued at $792,000 after buying an additional 16,867 shares during the last quarter. 97.75% of the stock is currently owned by hedge funds and other institutional investors.
About Kohl’s Corp.
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company also operates an e-commerce Website (www.Kohls.com). The Company operates over 1,160 department stores in approximately 50 states. The Company sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products.
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