Kohl's (KSS) Lifted to “Sector Perform” at Royal Bank of Canada
Kohl's (NYSE:KSS) was upgraded by stock analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating in a research note issued to investors on Friday, MarketBeat reports. The brokerage currently has a $60.00 price target on the stock. Royal Bank of Canada’s price objective would suggest a potential downside of 6.06% from the stock’s current price.
Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Kohl's from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, October 16th. Telsey Advisory Group upgraded shares of Kohl's 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 note on Monday, October 9th. Robert W. Baird upgraded shares of Kohl's from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $46.00 to $47.00 in a research note on Friday, November 10th. Northcoast Research started coverage on shares of Kohl's in a research note on Friday, December 8th. They issued a “neutral” rating for the company. Finally, ValuEngine upgraded shares of Kohl's from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. Kohl's currently has an average rating of “Hold” and a consensus price target of $49.90.
Shares of Kohl's (NYSE KSS) opened at $63.87 on Friday. Kohl's has a 52 week low of $35.16 and a 52 week high of $65.06. The company has a market cap of $10,730.48, a price-to-earnings ratio of 16.94, a PEG ratio of 2.36 and a beta of 1.24. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.88.
Kohl's (NYSE:KSS) last released its earnings results on Thursday, November 9th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). Kohl's had a return on equity of 12.72% and a net margin of 3.47%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the business posted $0.80 EPS. The firm’s revenue was up .1% on a year-over-year basis. equities research analysts expect that Kohl's will post 4.06 earnings per share for the current fiscal year.
In other Kohl's news, Director Jonas Prising bought 4,725 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was bought at an average price of $42.35 per share, for a total transaction of $200,103.75. Following the completion of the transaction, the director now owns 8,661 shares in the company, valued at approximately $366,793.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephanie A. Streeter sold 4,173 shares of Kohl's stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $53.85, for a total transaction of $224,716.05. Following the transaction, the director now owns 21,960 shares of the company’s stock, valued at approximately $1,182,546. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sentry Investment Management LLC raised its position in Kohl's by 1.2% during the second quarter. Sentry Investment Management LLC now owns 12,892 shares of the company’s stock worth $499,000 after acquiring an additional 158 shares during the last quarter. Ropes Wealth Advisors LLC grew its holdings in shares of Kohl's by 1.5% during the second quarter. Ropes Wealth Advisors LLC now owns 11,717 shares of the company’s stock worth $453,000 after buying an additional 175 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Kohl's by 3.7% during the second quarter. Thrivent Financial For Lutherans now owns 6,870 shares of the company’s stock worth $265,000 after buying an additional 245 shares in the last quarter. WFG Advisors LP grew its holdings in shares of Kohl's by 3.3% during the second quarter. WFG Advisors LP now owns 9,154 shares of the company’s stock worth $354,000 after buying an additional 296 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Kohl's by 3.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 15,667 shares of the company’s stock worth $606,000 after buying an additional 474 shares in the last quarter.
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Kohl's 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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