Kohl’s (NYSE:KSS) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Kohl’s (NYSE:KSS) from a hold rating to a buy rating in a research report released on Friday morning.

Several other brokerages also recently weighed in on KSS. TD Cowen upped their target price on shares of Kohl’s from $28.00 to $31.00 and gave the stock an outperform rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. upped their target price on shares of Kohl’s from $20.00 to $21.00 and gave the stock a neutral rating in a report on Wednesday, March 13th. Citigroup dropped their target price on shares of Kohl’s from $27.00 to $24.00 and set a neutral rating for the company in a report on Wednesday, March 13th. Telsey Advisory Group upped their target price on shares of Kohl’s from $25.00 to $28.00 and gave the stock a market perform rating in a report on Wednesday, March 13th. Finally, Morgan Stanley upped their target price on shares of Kohl’s from $18.00 to $19.00 and gave the stock an underweight rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Kohl’s presently has an average rating of Hold and an average target price of $24.20.

Kohl’s Trading Down 4.0 %

Shares of KSS stock opened at $22.73 on Friday. Kohl’s has a 1 year low of $17.68 and a 1 year high of $29.65. The firm has a fifty day moving average price of $26.72 and a 200-day moving average price of $25.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 0.20. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.27 and a beta of 1.98.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.39. Kohl’s had a net margin of 1.81% and a return on equity of 8.40%. The firm had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the previous year, the firm posted ($2.49) EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities analysts predict that Kohl’s will post 2.24 earnings per share for the current year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.80%. The ex-dividend date was Tuesday, March 19th. Kohl’s’s dividend payout ratio is 70.18%.

Institutional Trading of Kohl’s

Several hedge funds have recently made changes to their positions in the business. Annex Advisory Services LLC raised its position in shares of Kohl’s by 31.7% during the 1st quarter. Annex Advisory Services LLC now owns 164,603 shares of the company’s stock valued at $4,798,000 after buying an additional 39,601 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Kohl’s in the 1st quarter worth about $7,637,000. GAMMA Investing LLC raised its position in Kohl’s by 32.5% in the 1st quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock worth $62,000 after purchasing an additional 523 shares during the period. HighPoint Advisor Group LLC purchased a new stake in Kohl’s in the 4th quarter worth about $1,127,000. Finally, PNC Financial Services Group Inc. raised its position in Kohl’s by 21.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,567 shares of the company’s stock worth $446,000 after purchasing an additional 2,754 shares during the period. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kohl’s Company Profile

Kohl's Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.