Zacks Investment Research upgraded shares of Kohl’s Corporation (NYSE:KSS) from a sell rating to a hold rating in a research report sent to investors on Monday, May 15th.
According to Zacks, “Kohl’s Corporation’s first-quarter fiscal 2017 earnings of $0.39 beat the Zacks Consensus Estimate and grew 26% year over year owing to margin improvement, driven by strong inventory and expense management. Revenues however missed the consensus mark and also declined 3.2% from the year-ago quarter due to a challenging sales environment and a 2.7% decline in comparable store sales. In fact, the company’s shares have underperformed the retail sector since the past two years. This signals that the company’s strategic initiative ‘Greatness Agenda’ is failing to deliver results, as both sales and comps have been declining since first quarter fiscal 2016. Lower spending on apparel and accessories and a general slowdown in consumer spending are hurting sales at department stores. The company continues to expect sluggish comps amid a difficult sales scenario.”
Other research analysts have also issued research reports about the stock. Vetr upgraded shares of Kohl’s Corporation from a hold rating to a buy rating and set a $43.33 price objective for the company in a report on Thursday, February 16th. Jefferies Group LLC lowered their price target on shares of Kohl’s Corporation from $54.00 to $48.00 and set a buy rating for the company in a report on Tuesday, May 9th. Citigroup Inc. restated a buy rating and set a $44.00 price target (down previously from $52.00) on shares of Kohl’s Corporation in a report on Sunday, May 14th. TheStreet lowered shares of Kohl’s Corporation from a b rating to a c+ rating in a report on Friday, January 20th. Finally, Robert W. Baird set a $44.00 price target on shares of Kohl’s Corporation and gave the stock a hold rating in a report on Wednesday, February 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. Kohl’s Corporation has an average rating of Hold and an average price target of $43.84.
Shares of Kohl’s Corporation (KSS) traded up 0.27% during midday trading on Monday, hitting $37.38. 4,535,200 shares of the stock traded hands. Kohl’s Corporation has a 52 week low of $35.16 and a 52 week high of $59.67. The firm’s 50-day moving average is $38.07 and its 200 day moving average is $42.06. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 10.83 and a beta of 1.13.
Kohl’s Corporation (NYSE:KSS) last issued its quarterly earnings data on Thursday, May 11th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.91 billion. Kohl’s Corporation had a net margin of 3.25% and a return on equity of 13.29%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS. Equities analysts forecast that Kohl’s Corporation will post $3.65 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, June 7th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date is Monday, June 5th. Kohl’s Corporation’s payout ratio is presently 64.14%.
A number of hedge funds and other institutional investors have recently bought and sold shares of KSS. Vanguard Group Inc. raised its position in shares of Kohl’s Corporation by 7.1% in the first quarter. Vanguard Group Inc. now owns 18,956,223 shares of the company’s stock valued at $754,646,000 after buying an additional 1,254,285 shares during the last quarter. BlackRock Inc. raised its position in shares of Kohl’s Corporation by 2,606.7% in the first quarter. BlackRock Inc. now owns 18,394,298 shares of the company’s stock valued at $732,277,000 after buying an additional 17,714,714 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Kohl’s Corporation by 10.8% in the first quarter. JPMorgan Chase & Co. now owns 10,728,519 shares of the company’s stock valued at $427,103,000 after buying an additional 1,043,218 shares during the last quarter. American International Group Inc. raised its position in shares of Kohl’s Corporation by 1.2% in the first quarter. American International Group Inc. now owns 9,542,266 shares of the company’s stock valued at $379,878,000 after buying an additional 116,577 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of Kohl’s Corporation by 1.3% in the third quarter. LSV Asset Management now owns 6,342,077 shares of the company’s stock valued at $277,465,000 after buying an additional 81,650 shares during 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.
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