Kohl’s (NYSE:KSS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kohl’s (NYSE:KSS) from a sell rating to a hold rating in a report issued on Saturday morning.

A number of other research analysts have also weighed in on the company. Robert W. Baird raised their target price on Kohl’s from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, May 30th. Telsey Advisory Group restated a “market perform” rating and issued a $9.00 target price on shares of Kohl’s in a report on Thursday, May 29th. JPMorgan Chase & Co. raised their target price on Kohl’s from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Monday, May 19th. Citigroup decreased their price target on Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Finally, Morgan Stanley decreased their price target on Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, March 12th. Seven research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.75.

Kohl’s Trading Up 10.1%

Shares of KSS stock opened at $8.94 on Friday. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 4.03 and a beta of 1.66. The stock has a 50-day moving average of $7.60 and a 200-day moving average of $10.49. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. Kohl’s has a 1-year low of $6.04 and a 1-year high of $24.83.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.09. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. The business’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities research analysts forecast that Kohl’s will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend is Wednesday, June 11th. Kohl’s’s dividend payout ratio is 45.87%.

Institutional Investors Weigh In On Kohl’s

Several large investors have recently added to or reduced their stakes in KSS. Yousif Capital Management LLC boosted its stake in Kohl’s by 4.2% during the fourth quarter. Yousif Capital Management LLC now owns 57,307 shares of the company’s stock valued at $805,000 after buying an additional 2,287 shares during the period. Bogart Wealth LLC bought a new stake in Kohl’s during the fourth quarter worth about $35,000. Vontobel Holding Ltd. bought a new stake in Kohl’s during the fourth quarter worth about $290,000. Principal Financial Group Inc. lifted its stake in Kohl’s by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 539,595 shares of the company’s stock worth $7,576,000 after purchasing an additional 15,938 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Kohl’s during the fourth quarter worth about $100,000. Institutional investors own 98.04% of the company’s stock.

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.