Kohl’s Corporation (KSS) Upgraded to “Buy” by Zacks Investment Research

Kohl’s Corporation (NYSE:KSS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The brokerage presently has a $47.00 price target on the stock. Zacks Investment Research‘s target price suggests a potential upside of 11.53% from the stock’s current price.

According to Zacks, “The company’s shares have been rising over the past three months in comparison to the industry, driven by the initiatives taken to boost sales. Notably, Kohl’s has been trying hard to attract more shoppers and improve sales. The company’s extended partnership with online giant Amazon.com is also expected to boost company’s traffic. Though the retail environment remains tough, Kohl’s has managed to report upbeat second quarter of fiscal 2017 results, owing to improved sales trend in all lines of business, strong inventory and expense management. The company also expects its strategic initiative ‘Greatness Agenda’ to bear fruits in the long-term and turnaround declining comps. The company’s e-commerce efforts also remain appealing. Kohl’s has also undertaken several initiatives to reduce its inventory, which in turn leads to improvement in merchandise margins.”

Several other research firms have also recently weighed in on KSS. BidaskClub upgraded Kohl’s Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Vetr cut Kohl’s Corporation from a “hold” rating to a “sell” rating and set a $37.51 price objective for the company. in a report on Monday, July 17th. Royal Bank Of Canada set a $39.00 price objective on Kohl’s Corporation and gave the stock a “sell” rating in a report on Tuesday, August 29th. TheStreet upgraded Kohl’s Corporation from a “c+” rating to a “b-” rating in a report on Monday, August 14th. Finally, Citigroup Inc. increased their price objective on Kohl’s Corporation from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, September 21st. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $43.20.

Kohl’s Corporation (NYSE:KSS) traded up 0.43% during trading on Monday, hitting $42.32. The company had a trading volume of 1,397,581 shares. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 10.83 and a beta of 1.19. Kohl’s Corporation has a 1-year low of $35.16 and a 1-year high of $59.67. The company’s 50 day moving average price is $43.45 and its 200-day moving average price is $39.95.

Kohl’s Corporation (NYSE:KSS) last released its quarterly earnings data on Thursday, August 10th. The company reported $1.24 earnings per share for the quarter, topping the 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 business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the business posted $1.22 EPS. The business’s revenue was down .9% on a year-over-year basis. On average, analysts expect that Kohl’s Corporation will post $3.76 EPS for the current year.

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A number of hedge funds have recently bought and sold shares of KSS. Alliancebernstein L.P. increased its position in Kohl’s Corporation by 0.7% during the 1st quarter. Alliancebernstein L.P. now owns 349,435 shares of the company’s stock valued at $13,911,000 after buying an additional 2,269 shares in the last quarter. Wellington Management Group LLP increased its position in Kohl’s Corporation by 29.7% during the 1st quarter. Wellington Management Group LLP now owns 420,246 shares of the company’s stock valued at $16,731,000 after buying an additional 96,175 shares in the last quarter. Ngam Advisors L.P. increased its position in Kohl’s Corporation by 22.8% during the 1st quarter. Ngam Advisors L.P. now owns 17,046 shares of the company’s stock valued at $679,000 after buying an additional 3,164 shares in the last quarter. Thrivent Financial For Lutherans increased its position in Kohl’s Corporation by 6.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 6,625 shares of the company’s stock valued at $264,000 after buying an additional 430 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its position in Kohl’s Corporation by 8.9% during the 1st quarter. Aviance Capital Partners LLC now owns 14,906 shares of the company’s stock valued at $593,000 after buying an additional 1,213 shares in the last quarter.

Kohl’s Corporation 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.

Analyst Recommendations for Kohl`s Corporation (NYSE:KSS)

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