Kohl’s (NYSE:KSS) Price Target Raised to $17.00

Kohl’s (NYSE:KSS) had its price target increased by JPMorgan Chase & Co. from $15.00 to $17.00 in a research report report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

A number of other brokerages have also recently issued reports on KSS. Zacks Research cut Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Wall Street Zen lowered shares of Kohl’s from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. UBS Group upped their price objective on shares of Kohl’s from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Friday, May 29th. Bank of America dropped their price objective on shares of Kohl’s from $15.00 to $14.00 and set an “underperform” rating on the stock in a research note on Friday, May 29th. Finally, Weiss Ratings raised shares of Kohl’s from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, Kohl’s has a consensus rating of “Reduce” and an average target price of $15.46.

Kohl’s Stock Down 7.9%

KSS stock opened at $17.36 on Tuesday. The stock’s 50 day simple moving average is $18.16 and its 200 day simple moving average is $16.03. Kohl’s has a fifty-two week low of $11.38 and a fifty-two week high of $25.22. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.31 and a current ratio of 1.48. The company has a market cap of $1.97 billion, a P/E ratio of 7.36 and a beta of 1.40.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Thursday, May 28th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.05. Kohl’s had a return on equity of 4.67% and a net margin of 1.76%.The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the company earned ($0.13) earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Kohl’s has set its FY 2026 guidance at 1.000-1.600 EPS. On average, research analysts expect that Kohl’s will post 1.38 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $0.50 annualized dividend and a dividend yield of 2.9%. Kohl’s’s payout ratio is presently 21.19%.

Insider Activity

In related news, EVP Jennifer J. Kent sold 22,942 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $20.00, for a total transaction of $458,840.00. Following the completion of the sale, the executive vice president owned 234,452 shares in the company, valued at approximately $4,689,040. This represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kohl’s

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Kohl’s by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 12,181,767 shares of the company’s stock worth $248,630,000 after buying an additional 273,500 shares during the last quarter. M&T Bank Corp increased its position in shares of Kohl’s by 1,325.9% during the fourth quarter. M&T Bank Corp now owns 317,630 shares of the company’s stock valued at $6,483,000 after acquiring an additional 295,355 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Kohl’s by 56.4% during the first quarter. Bessemer Group Inc. now owns 209,841 shares of the company’s stock valued at $2,706,000 after acquiring an additional 75,700 shares during the last quarter. Empowered Funds LLC lifted its holdings in Kohl’s by 23.5% during the first quarter. Empowered Funds LLC now owns 666,072 shares of the company’s stock worth $8,592,000 after acquiring an additional 126,550 shares during the period. Finally, Ruffer LLP bought a new stake in Kohl’s during the fourth quarter worth $2,623,000. 98.04% of the stock is currently owned by institutional investors.

Kohl’s Company Profile

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.