Kohl’s Corporation (NYSE:KSS)‘s stock had its “buy” rating reiterated by investment analysts at Instinet in a research note issued on Thursday. They presently have a $51.00 price target on the stock, up from their previous price target of $41.00. Instinet’s price target indicates a potential upside of 31.99% from the company’s previous close.
Several other research firms have also commented on KSS. OTR Global reissued a “sell” rating on shares of Kohl’s Corporation in a research note on Tuesday. Deutsche Bank AG boosted their price objective on shares of Kohl’s Corporation from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Tuesday. Jefferies Group LLC reissued a “buy” rating and set a $48.00 price objective on shares of Kohl’s Corporation in a research note on Sunday, July 30th. BidaskClub raised shares of Kohl’s Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research raised shares of Kohl’s Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $42.98.
Shares of Kohl’s Corporation (NYSE:KSS) traded down 2.18% during trading on Thursday, reaching $38.64. 7,102,837 shares of the company traded hands. The firm’s 50 day moving average is $39.64 and its 200-day moving average is $39.37. The stock has a market capitalization of $6.49 billion, a P/E ratio of 9.89 and a beta of 1.16. Kohl’s Corporation has a 12-month low of $35.16 and a 12-month high of $59.67. Kohl’s Corporation also was the target of unusually large options trading activity on Wednesday. Traders bought 20,293 call options on the stock. This is an increase of approximately 603% compared to the typical daily volume of 2,886 call options.
Kohl’s Corporation (NYSE:KSS) last posted its quarterly earnings data on Thursday, August 10th. The company reported $1.24 EPS for the quarter, topping the 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 business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm posted $1.22 earnings per share. Kohl’s Corporation’s quarterly revenue was down .9% on a year-over-year basis. On average, equities research analysts anticipate that Kohl’s Corporation will post $3.71 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Manning & Napier Advisors LLC boosted its position in Kohl’s Corporation by 24.6% in the first quarter. Manning & Napier Advisors LLC now owns 19,136 shares of the company’s stock valued at $761,000 after buying an additional 3,773 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Kohl’s Corporation by 5.4% in the first quarter. Gulf International Bank UK Ltd now owns 60,062 shares of the company’s stock worth $2,391,000 after buying an additional 3,100 shares in the last quarter. BLB&B Advisors LLC boosted its stake in shares of Kohl’s Corporation by 1.2% in the first quarter. BLB&B Advisors LLC now owns 8,250 shares of the company’s stock worth $328,000 after buying an additional 100 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Kohl’s Corporation during the first quarter worth approximately $709,000. Finally, CWM LLC boosted its stake in shares of Kohl’s Corporation by 16.7% in the first quarter. CWM LLC now owns 573,732 shares of the company’s stock worth $22,840,000 after buying an additional 81,982 shares in the last quarter.
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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