Kohl’s Co. (NYSE:KSS) Receives $24.20 Consensus PT from Brokerages

Shares of Kohl’s Co. (NYSE:KSS) have been assigned an average rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $24.20.

KSS has been the subject of several recent analyst reports. TD Cowen lifted their target price on shares of Kohl’s from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Telsey Advisory Group lifted their target price on shares of Kohl’s from $25.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. lifted their target price on shares of Kohl’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Citigroup decreased their target price on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Finally, Morgan Stanley boosted their price objective on shares of Kohl’s from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, March 21st.

Hedge Funds Weigh In On Kohl’s

A number of hedge funds have recently modified their holdings of KSS. Vanguard Group Inc. boosted its position in shares of Kohl’s by 16.4% in the fourth quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock worth $361,127,000 after purchasing an additional 1,775,024 shares during the period. Norges Bank bought a new position in shares of Kohl’s in the fourth quarter worth approximately $34,583,000. Vision One Management Partners LP bought a new position in shares of Kohl’s in the fourth quarter worth approximately $28,413,000. Hsbc Holdings PLC lifted its holdings in shares of Kohl’s by 254.9% in the fourth quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock worth $22,822,000 after buying an additional 570,745 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Kohl’s by 73.7% in the third quarter. Barclays PLC now owns 1,299,839 shares of the company’s stock worth $27,245,000 after buying an additional 551,340 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Kohl’s Trading Up 1.0 %

Shares of NYSE KSS opened at $24.53 on Wednesday. Kohl’s has a 1 year low of $17.68 and a 1 year high of $29.65. The stock has a market cap of $2.72 billion, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 1.39 and a beta of 1.98. The firm has a 50-day moving average of $26.05 and a 200 day moving average of $25.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 0.20.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.39. Kohl’s had a net margin of 1.81% and a return on equity of 8.40%. The company had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period last year, the company posted ($2.49) EPS. Kohl’s’s revenue was down 1.1% on a year-over-year basis. As a group, sell-side analysts expect that Kohl’s will post 2.24 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, March 19th. This represents a $2.00 annualized dividend and a yield of 8.15%. Kohl’s’s dividend payout ratio (DPR) is 70.18%.

Kohl’s Company Profile

Kohl's Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.