Kohl’s Corporation (NYSE:KSS) has been given a $37.00 price objective by Piper Jaffray Companies in a research note issued to investors on Thursday. The brokerage currently has a “hold” rating on the stock. Piper Jaffray Companies’ price objective points to a potential downside of 4.24% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. BMO Capital Markets reiterated a “market perform” rating and set a $43.00 price target (down from $45.00) on shares of Kohl’s Corporation in a research report on Monday, May 15th. UBS AG decreased their price objective on shares of Kohl’s Corporation from $44.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, May 12th. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price objective on shares of Kohl’s Corporation in a research report on Wednesday, June 21st. Instinet restated a “buy” rating and issued a $51.00 price objective (up from $41.00) on shares of Kohl’s Corporation in a research report on Thursday. Finally, Gordon Haskett upgraded shares of Kohl’s Corporation from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $36.00 to $37.00 in a research report on Thursday. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.98.
Shares of Kohl’s Corporation (NYSE:KSS) opened at 38.64 on Thursday. The firm has a market capitalization of $6.59 billion, a P/E ratio of 11.19 and a beta of 1.16. The firm’s 50-day moving average is $39.64 and its 200-day moving average is $39.37. Kohl’s Corporation has a 52 week low of $35.16 and a 52 week high of $59.67. Kohl’s Corporation also was the recipient of some unusual options trading on Wednesday. Investors acquired 20,293 call options on the stock. This represents an increase of 603% compared to the average volume of 2,886 call options.
Kohl’s Corporation (NYSE:KSS) last announced its quarterly earnings results on Thursday, August 10th. The company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.05. Kohl’s Corporation had a return on equity of 13.16% and a net margin of 3.63%. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the business posted $1.22 earnings per share. The company’s revenue was down .9% on a year-over-year basis. Equities analysts anticipate that Kohl’s Corporation will post $3.71 EPS for the current year.
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Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Kohl’s Corporation by 7.1% in the first quarter. Vanguard Group Inc. now owns 18,956,223 shares of the company’s stock worth $754,646,000 after buying an additional 1,254,285 shares during the period. BlackRock Inc. raised its stake in Kohl’s Corporation by 2,606.7% in the first quarter. BlackRock Inc. now owns 18,394,298 shares of the company’s stock worth $732,277,000 after buying an additional 17,714,714 shares during the period. JPMorgan Chase & Co. raised its stake in Kohl’s Corporation by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 10,914,565 shares of the company’s stock worth $422,066,000 after buying an additional 186,046 shares during the period. American International Group Inc. raised its stake in Kohl’s Corporation by 1.2% in the first quarter. American International Group Inc. now owns 9,542,266 shares of the company’s stock worth $379,878,000 after buying an additional 116,577 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Kohl’s Corporation by 133.8% in the first quarter. Ameriprise Financial Inc. now owns 5,727,341 shares of the company’s stock worth $228,005,000 after buying an additional 3,277,850 shares during the period.
About Kohl’s Corporation
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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