Kohl’s Corporation (NYSE:KSS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “Kohl's shares have outperformed the industry in the last three months. The company prides on its robust brand portfolio and also commits to innovation. Also, it has been trying hard to attract more shoppers and boost sales, alongside making continuous efforts to improve its base business. Further, it is making efforts to expand its e-commerce business to drive the top line. However, its turnaround initiative, Greatness Agenda, is showing weakness of late. In addition, dwindling store traffic, competition and a general slowdown in consumer spending are hurting sales at department stores. Also, lower comps have been weighing on the company’s results, and going forward, it continues to expect sluggish comps amid a difficult sales scenario. Nevertheless, we note that the estimate for the second quarter has increased by a penny in the last seven days.”

A number of other analysts also recently commented on KSS. UBS AG decreased their target price on Kohl’s Corporation from $44.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, May 12th. BidaskClub upgraded Kohl’s Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday. Royal Bank Of Canada reiterated a “sell” rating and set a $39.00 target price on shares of Kohl’s Corporation in a research report on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 target price on shares of Kohl’s Corporation in a research report on Sunday, July 30th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $44.00 target price (down from $52.00) on shares of Kohl’s Corporation in a research report on Sunday, May 14th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. Kohl’s Corporation currently has a consensus rating of “Hold” and an average price target of $42.60.

Shares of Kohl’s Corporation (KSS) traded down 0.29% on Thursday, reaching $41.89. The company’s stock had a trading volume of 3,362,950 shares. The company has a 50 day moving average of $38.65 and a 200 day moving average of $39.30. The stock has a market capitalization of $7.14 billion, a P/E ratio of 12.13 and a beta of 1.16. Kohl’s Corporation has a 1-year low of $35.16 and a 1-year high of $59.67.

Kohl’s Corporation (NYSE:KSS) last posted its earnings results on Thursday, May 11th. The company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.10. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.91 billion. Kohl’s Corporation had a return on equity of 13.29% and a net margin of 3.25%. Kohl’s Corporation’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. Equities research analysts expect that Kohl’s Corporation will post $3.67 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the company. Altfest L J & Co. Inc. raised its stake in shares of Kohl’s Corporation by 1.2% in the first quarter. Altfest L J & Co. Inc. now owns 5,732 shares of the company’s stock valued at $228,000 after buying an additional 66 shares in the last quarter. Botty Investors LLC raised its stake in shares of Kohl’s Corporation by 0.8% in the first quarter. Botty Investors LLC now owns 11,745 shares of the company’s stock valued at $467,000 after buying an additional 95 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Kohl’s Corporation by 1.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,195 shares of the company’s stock valued at $305,000 after buying an additional 100 shares in the last quarter. BLB&B Advisors LLC raised its stake in shares of Kohl’s Corporation by 1.2% in the first quarter. BLB&B Advisors LLC now owns 8,250 shares of the company’s stock valued at $328,000 after buying an additional 100 shares in the last quarter. Finally, Advantus Capital Management Inc raised its stake in shares of Kohl’s Corporation by 0.7% in the first quarter. Advantus Capital Management Inc now owns 17,611 shares of the company’s stock valued at $701,000 after buying an additional 114 shares in the last quarter.

Kohl’s Corporation Company Profile

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.

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Analyst Recommendations for Kohl`s Corporation (NYSE:KSS)

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