Kohl’s Corporation (KSS) Stock Rating Upgraded by Zacks Investment Research
Kohl’s Corporation (NYSE:KSS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $47.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 8.55% from the company’s current price.
According to Zacks, “The company’s shares have been rising over the past three months in comparison to the industry, driven by the initiatives taken to boost sales. Notably, Kohl’s has been trying hard to attract more shoppers and improve sales. The company’s extended partnership with online giant Amazon.com is also expected to boost company’s traffic. Though the retail environment remains tough, Kohl’s has managed to report upbeat second quarter of fiscal 2017 results, owing to improved sales trend in all lines of business, strong inventory and expense management. The company also expects its strategic initiative ‘Greatness Agenda’ to bear fruits in the long-term and turnaround declining comps. The company’s e-commerce efforts also remain appealing. Kohl’s has also undertaken several initiatives to reduce its inventory, which in turn leads to improvement in merchandise margins.”
KSS has been the topic of several other reports. Jefferies Group LLC restated a “buy” rating and set a $50.00 price objective on shares of Kohl’s Corporation in a research report on Wednesday, September 27th. Citigroup Inc. raised their price objective on shares of Kohl’s Corporation from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, September 21st. Cowen and Company restated a “market perform” rating and set a $47.00 price objective (up from $42.00) on shares of Kohl’s Corporation in a research report on Thursday, September 21st. ValuEngine upgraded shares of Kohl’s Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Telsey Advisory Group upgraded shares of Kohl’s Corporation from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $43.00 to $50.00 in a research report on Monday, October 9th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $43.20.
Shares of Kohl’s Corporation (NYSE:KSS) opened at 43.30 on Monday. The firm has a market capitalization of $7.30 billion, a P/E ratio of 11.08 and a beta of 1.19. The stock has a 50 day moving average price of $43.45 and a 200 day moving average price of $39.95. Kohl’s Corporation has a 52 week low of $35.16 and a 52 week high of $59.67.
Kohl’s Corporation (NYSE:KSS) last issued its quarterly earnings results on Thursday, August 10th. The company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.05. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The company’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company posted $1.22 EPS. Analysts forecast that Kohl’s Corporation will post $3.76 EPS for the current year.
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Several large investors have recently modified their holdings of KSS. Ffcm LLC boosted its stake in shares of Kohl’s Corporation by 179.3% during the 2nd 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 period. Johnson Financial Group Inc. boosted its stake in shares of Kohl’s Corporation by 30.9% during the 1st quarter. Johnson Financial Group Inc. now owns 3,295 shares of the company’s stock worth $132,000 after purchasing an additional 778 shares during the period. CENTRAL TRUST Co boosted its stake in shares of Kohl’s Corporation by 68.6% during the 2nd quarter. CENTRAL TRUST Co now owns 3,324 shares of the company’s stock worth $129,000 after purchasing an additional 1,352 shares during the period. Exane Derivatives boosted its stake in shares of Kohl’s Corporation by 209.8% during the 2nd quarter. Exane Derivatives now owns 3,687 shares of the company’s stock worth $143,000 after purchasing an additional 2,497 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in shares of Kohl’s Corporation during the 2nd quarter worth about $146,000.
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.
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