Kohls Corp’s Hold Rating Reaffirmed at Deutsche Bank (KSS)
Deutsche Bank reissued their hold rating on shares of Kohls Corp (NYSE: KSS) in a research report released on Friday morning. Deutsche Bank currently has a $42.00 price target on the stock, up from their previous price target of $40.00.
“We found Kohl’s FY13 earnings forecast for EPS of $4.15-$4.45 a bit surprising. Specifically, on GPM, the company expects expansion of 15-30 bps in FY13 including flat to +20 bps in 1Q (following 5 consecutive quarters of declines). We, on the other hand, believe GPM declines could continue given (a) clearance related to cold-weather/seasonal items still on the selling floor during our February store checks, (b) substantially heavier inventory levels YOY (up 17.2% at YE and up 6.0% YOY on comparable per store basis) than comp trends (guidance for 0.0%-2.0%) in the Spring/Summer given the 6-9 month lag time for placing orders (product was ordered when sales expectations were higher), and (c) a need for the company to invest further in price and promotion given the flat to down traffic experienced throughout 2012.,” the firm’s analyst wrote.
KSS has been the subject of a number of other recent research reports. Analysts at Macquarie reiterated an underperform rating on shares of Kohls Corp in a research note to investors on Tuesday, February 26th. They now have a $38.00 price target on the stock. Separately, analysts at Piper Jaffray reiterated an overweight rating on shares of Kohls Corp in a research note to investors on Thursday, February 21st. They now have a $53.00 price target on the stock. Finally, analysts at Maxim Group initiated coverage on shares of Kohls Corp in a research note to investors on Tuesday, February 12th. They set a hold rating and a $48.50 price target on the stock.
Eight investment analysts have rated the stock with a buy rating, one has issued an overweight rating, thirteen have issued a hold rating, one has issued an underweight rating, and one has given a sell rating to the company. Kohls Corp has a consensus rating of overweight and an average target price of $49.00.
Shares of Kohls Corp opened at 46.39 on Friday. Kohls Corp has a 52 week low of $41.35 and a 52 week high of $55.25. The stock’s 50-day moving average is currently $45.40. The company has a market cap of $10.531 billion and a P/E ratio of 11.12.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 27th. Stockholders of record on Wednesday, March 13th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Monday, March 11th. This is a boost from Kohls Corp’s previous quarterly dividend of $0.32.
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