Jefferies Group Reiterates Buy Rating for Kohl's (KSS)
Kohl's (NYSE:KSS)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research report issued to clients and investors on Friday. They currently have a $100.00 price objective on the stock. Jefferies Group’s price objective suggests a potential upside of 48.06% from the stock’s previous close. Jefferies Group also issued estimates for Kohl's’ FY2018 earnings at $4.08 EPS, Q1 2020 earnings at $0.88 EPS, Q2 2020 earnings at $2.16 EPS and Q3 2020 earnings at $1.42 EPS.
KSS has been the topic of several other reports. Robert W. Baird reissued a “buy” rating and set a $61.00 target price on shares of Kohl's in a research note on Tuesday, January 9th. Telsey Advisory Group reissued an “outperform” rating and set a $55.00 target price (up from $50.00) on shares of Kohl's in a research note on Tuesday, January 9th. Cowen reissued a “market perform” rating and set a $47.00 target price (up from $42.00) on shares of Kohl's in a research note on Thursday, September 21st. MKM Partners set a $48.00 target price on shares of Kohl's and gave the company a “hold” rating in a research note on Thursday, January 4th. Finally, Zacks Investment Research raised shares of Kohl's from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Tuesday, January 9th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $54.10.
Shares of Kohl's (NYSE KSS) opened at $67.54 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 1.63. Kohl's has a one year low of $35.16 and a one year high of $67.55. The stock has a market cap of $11,350.00, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24.
In other Kohl's news, Director Jonas Prising acquired 4,725 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average cost of $42.35 per share, for a total transaction of $200,103.75. Following the completion of the acquisition, the director now owns 8,661 shares of the company’s stock, valued at approximately $366,793.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephanie A. Streeter sold 4,173 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $53.85, for a total transaction of $224,716.05. Following the completion of the sale, the director now owns 21,960 shares of the company’s stock, valued at $1,182,546. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
A number of large investors have recently modified their holdings of KSS. Balyasny Asset Management LLC boosted its holdings in Kohl's by 28,709.6% in the second quarter. Balyasny Asset Management LLC now owns 1,667,786 shares of the company’s stock worth $64,493,000 after purchasing an additional 1,661,997 shares in the last quarter. Northern Trust Corp boosted its holdings in Kohl's by 34.9% in the second quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock worth $208,851,000 after purchasing an additional 1,396,006 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in Kohl's in the third quarter worth $46,574,000. Royal Bank of Canada boosted its holdings in Kohl's by 220.4% in the second quarter. Royal Bank of Canada now owns 460,527 shares of the company’s stock worth $17,810,000 after purchasing an additional 843,101 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Kohl's by 115.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,220,851 shares of the company’s stock worth $47,210,000 after purchasing an additional 653,659 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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