Kohl’s Corporation (NYSE:KSS) was upgraded by equities research analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research report issued on Monday. The brokerage presently has a $50.00 price target on the stock, up from their prior price target of $43.00. Telsey Advisory Group’s target price would indicate a potential upside of 15.58% from the company’s current price.
Several other research analysts have also issued reports on KSS. Royal Bank Of Canada set a $39.00 price target on shares of Kohl’s Corporation and gave the stock a “sell” rating in a research report on Monday, June 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 price objective on shares of Kohl’s Corporation in a research note on Wednesday, June 21st. BidaskClub cut shares of Kohl’s Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Vetr cut shares of Kohl’s Corporation from a “strong-buy” rating to a “hold” rating and set a $37.51 price objective on the stock. in a research note on Tuesday, June 27th. Finally, Zacks Investment Research raised shares of Kohl’s Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Tuesday, July 11th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.90.
Kohl’s Corporation (NYSE KSS) opened at 43.26 on Monday. The firm has a 50-day moving average price of $42.96 and a 200-day moving average price of $39.86. Kohl’s Corporation has a 52 week low of $35.16 and a 52 week high of $59.67. The firm has a market capitalization of $7.29 billion, a P/E ratio of 11.07 and a beta of 1.19.
Kohl’s Corporation (NYSE:KSS) last posted its quarterly earnings results on Thursday, August 10th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.05. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the business posted $1.22 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. Equities analysts forecast that Kohl’s Corporation will post $3.76 EPS for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ffcm LLC lifted its holdings in Kohl’s Corporation by 179.3% in the second quarter. Ffcm LLC now owns 3,033 shares of the company’s stock valued at $120,000 after buying an additional 1,947 shares during the period. Johnson Financial Group Inc. lifted its holdings in Kohl’s Corporation by 0.3% in the second quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock valued at $128,000 after buying an additional 10 shares during the period. CENTRAL TRUST Co lifted its holdings in Kohl’s Corporation by 68.6% in the second quarter. CENTRAL TRUST Co now owns 3,324 shares of the company’s stock valued at $129,000 after buying an additional 1,352 shares during the period. Exane Derivatives lifted its holdings in Kohl’s Corporation by 209.8% in the second quarter. Exane Derivatives now owns 3,687 shares of the company’s stock valued at $143,000 after buying an additional 2,497 shares during the period. Finally, Penserra Capital Management LLC acquired a new position in Kohl’s Corporation in the second quarter valued at approximately $146,000.
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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