Kohl’s Corporation (NYSE:KSS) has been assigned a $37.00 price objective by Piper Jaffray Companies in a research note issued on Thursday. The brokerage currently has a “hold” rating on the stock. Piper Jaffray Companies’ price target would indicate a potential downside of 6.33% from the stock’s previous close.
Several other brokerages have also recently commented on KSS. OTR Global reaffirmed a “sell” rating on shares of Kohl’s Corporation in a report on Tuesday. Deutsche Bank AG raised their target price on shares of Kohl’s Corporation from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday. Instinet reaffirmed a “buy” rating and set a $51.00 target price (up from $41.00) on shares of Kohl’s Corporation in a report on Thursday. Gordon Haskett raised shares of Kohl’s Corporation from a “reduce” rating to a “hold” rating and raised their target price for the stock from $36.00 to $37.00 in a report on Thursday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 target price on shares of Kohl’s Corporation in a report on Sunday, July 30th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $43.07.
Kohl’s Corporation (KSS) traded down 5.80% during midday trading on Thursday, hitting $39.50. The stock had a trading volume of 19,712,708 shares. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 11.44 and a beta of 1.16. The company’s 50 day moving average is $39.46 and its 200 day moving average is $39.38. Kohl’s Corporation has a 1-year low of $35.16 and a 1-year high of $59.67. Kohl’s Corporation also saw unusually large options trading activity on Wednesday. Investors bought 20,293 call options on the stock. This is an increase of 603% compared to the average volume of 2,886 call options.
Kohl’s Corporation (NYSE:KSS) last announced its earnings results on Thursday, August 10th. The company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.05. Kohl’s Corporation had a net margin of 3.25% and a return on equity of 13.29%. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the firm earned $1.22 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts anticipate that Kohl’s Corporation will post $3.68 earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the company. 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 worth $754,646,000 after buying an additional 1,254,285 shares during the period. 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 worth $732,277,000 after buying an additional 17,714,714 shares during the period. JPMorgan Chase & Co. raised its position in shares of Kohl’s Corporation by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 10,914,565 shares of the company’s stock worth $422,066,000 after buying an additional 186,046 shares during the period. 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 worth $379,878,000 after buying an additional 116,577 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Kohl’s Corporation by 133.8% in the first quarter. Ameriprise Financial Inc. now owns 5,727,341 shares of the company’s stock worth $228,005,000 after buying an additional 3,277,850 shares during the period.
About Kohl’s Corporation
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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