Analysts Set Kohl’s Co. (NYSE:KSS) PT at $22.44

Kohl’s Co. (NYSE:KSSGet Free Report) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $22.44.

A number of equities analysts have issued reports on the company. Robert W. Baird lowered their target price on Kohl’s from $32.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, May 31st. Morgan Stanley increased their price target on Kohl’s from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Evercore ISI decreased their price target on Kohl’s from $24.00 to $22.00 and set an “in-line” rating for the company in a research note on Friday, May 31st. StockNews.com cut Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $28.00 price target on shares of Kohl’s in a research note on Thursday, May 30th.

View Our Latest Analysis on Kohl’s

Kohl’s Price Performance

Shares of KSS stock opened at $21.38 on Thursday. Kohl’s has a twelve month low of $17.68 and a twelve month high of $29.65. The business has a fifty day simple moving average of $23.96 and a 200 day simple moving average of $25.83. The company has a quick ratio of 0.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.12. The company has a market cap of $2.38 billion, a P/E ratio of 8.62, a P/E/G ratio of 1.94 and a beta of 1.90.

Kohl’s (NYSE:KSSGet Free Report) last issued its earnings results on Thursday, May 30th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.28). Kohl’s had a return on equity of 7.27% and a net margin of 1.60%. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same period in the previous year, the company earned $0.13 EPS. Kohl’s’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, sell-side analysts forecast that Kohl’s will post 1.4 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, June 12th. This represents a $2.00 annualized dividend and a yield of 9.35%. Kohl’s’s dividend payout ratio is currently 80.65%.

Institutional Investors Weigh In On Kohl’s

Several large investors have recently added to or reduced their stakes in KSS. Vanguard Group Inc. grew its stake in Kohl’s by 16.4% during 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 Kohl’s in the fourth quarter worth approximately $34,583,000. Vision One Management Partners LP bought a new position in Kohl’s in the fourth quarter worth approximately $28,413,000. Hsbc Holdings PLC boosted its holdings in 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 acquiring an additional 570,745 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Kohl’s by 38.5% in the third quarter. American Century Companies Inc. now owns 1,686,202 shares of the company’s stock worth $35,343,000 after acquiring an additional 468,602 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Company Profile

(Get Free Report

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.

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Analyst Recommendations for Kohl's (NYSE:KSS)

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