Kohl's (KSS) Receives “Buy” Rating from Guggenheim
“We believe guidance for FY18 is achievable and could surprise to the upside given many of the initiatives planned for the year. With the underperformance in shares today (-5%) vs. the S&P 500 (down ~1%), we would use the weakness as an opportunity to further accumulate.”,” Guggenheim’s analyst wrote.
Other analysts also recently issued reports about the company. ValuEngine upgraded Kohl's from a buy rating to a strong-buy rating in a research report on Saturday, February 17th. Jefferies Group reiterated a buy rating and set a $100.00 target price on shares of Kohl's in a research report on Friday, January 19th. Zacks Investment Research upgraded Kohl's from a hold rating to a buy rating and set a $71.00 target price for the company in a research report on Wednesday, January 17th. Robert W. Baird set a $70.00 target price on Kohl's and gave the stock a buy rating in a research report on Tuesday, January 16th. They noted that the move was a valuation call. Finally, Bank of America lifted their target price on Kohl's from $68.00 to $70.00 and gave the stock a buy rating in a research report on Thursday, February 8th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Kohl's presently has a consensus rating of Hold and an average target price of $58.23.
Kohl's (NYSE:KSS) last issued its quarterly earnings results on Thursday, March 1st. The company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.10. The company had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.74 billion. Kohl's had a return on equity of 13.73% and a net margin of 4.50%. Kohl's’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $1.44 earnings per share. sell-side analysts anticipate that Kohl's will post 5.59 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th will be paid a dividend of $0.61 per share. The ex-dividend date is Tuesday, March 13th. This represents a $2.44 annualized dividend and a dividend yield of 3.72%. This is a positive change from Kohl's’s previous quarterly dividend of $0.55. Kohl's’s dividend payout ratio (DPR) is currently 42.80%.
In other news, Director Stephanie A. Streeter sold 4,173 shares of the firm’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 transaction, the director now owns 21,960 shares in the company, valued at $1,182,546. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of KSS. Cerebellum GP LLC purchased a new position in Kohl's in the fourth quarter valued at about $121,000. Focused Wealth Management Inc purchased a new position in Kohl's in the fourth quarter valued at about $201,000. CIBC World Markets Inc. purchased a new position in Kohl's in the fourth quarter valued at about $202,000. Calton & Associates Inc. purchased a new position in Kohl's in the fourth quarter valued at about $202,000. Finally, Keybank National Association OH purchased a new position in Kohl's in the third quarter valued at about $207,000.
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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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