Kohl’s (NYSE:KSS) Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Kohl’s (NYSE:KSS) from a sell rating to a hold rating in a research note published on Monday.

Other equities research analysts have also issued reports about the company. Citigroup increased their target price on Kohl’s from $8.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. upped their price target on shares of Kohl’s from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, August 28th. Robert W. Baird increased their price objective on shares of Kohl’s from $9.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Barclays lifted their price objective on shares of Kohl’s from $5.00 to $8.00 and gave the company an “underweight” rating in a research report on Thursday, August 28th. Finally, The Goldman Sachs Group boosted their target price on shares of Kohl’s from $7.00 to $11.00 and gave the company a “sell” rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $12.46.

Kohl’s Stock Down 2.0%

KSS stock opened at $15.81 on Monday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 8.55 and a beta of 1.74. Kohl’s has a 1-year low of $6.04 and a 1-year high of $21.39. The firm has a fifty day moving average price of $11.81 and a two-hundred day moving average price of $9.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.36 and a quick ratio of 0.14.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.23. Kohl’s had a net margin of 1.31% and a return on equity of 4.62%. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. Kohl’s has set its FY 2025 guidance at 0.500-0.800 EPS. Research analysts predict that Kohl’s will post 1.3 EPS for the current year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 annualized dividend and a yield of 3.2%. Kohl’s’s payout ratio is presently 27.03%.

Hedge Funds Weigh In On Kohl’s

Several hedge funds have recently modified their holdings of KSS. State of Wyoming bought a new stake in shares of Kohl’s in the 4th quarter worth $35,000. National Bank of Canada FI bought a new position in Kohl’s during the first quarter valued at about $25,000. Smartleaf Asset Management LLC boosted its stake in Kohl’s by 161.8% during the first quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company’s stock valued at $26,000 after buying an additional 1,887 shares in the last quarter. CWM LLC grew its holdings in Kohl’s by 49.7% during the first quarter. CWM LLC now owns 4,177 shares of the company’s stock worth $34,000 after acquiring an additional 1,386 shares during the period. Finally, Cheviot Value Management LLC bought a new stake in Kohl’s in the first quarter worth about $36,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.