Kohl’s Corporation (KSS) Rating Reiterated by Cowen and Company

Kohl’s Corporation (NYSE:KSS)‘s stock had its “market perform” rating reiterated by analysts at Cowen and Company in a research report issued to clients and investors on Friday. They currently have a $42.00 target price on the stock, down from their prior target price of $43.00. Cowen and Company’s price target would suggest a potential upside of 6.33% from the company’s previous close.

A number of other research analysts also recently commented on KSS. UBS AG lowered their price target on shares of Kohl’s Corporation from $44.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, May 12th. BMO Capital Markets set a $43.00 price target on shares of Kohl’s Corporation and gave the company a “hold” rating in a report on Friday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 price target (up previously from $48.00) on shares of Kohl’s Corporation in a report on Friday. BidaskClub raised shares of Kohl’s Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, OTR Global reaffirmed a “sell” rating on shares of Kohl’s Corporation in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $42.98.

Kohl’s Corporation (NYSE:KSS) traded down 0.96% during midday trading on Friday, hitting $39.12. The stock had a trading volume of 3,634,272 shares. The company has a market capitalization of $6.67 billion, a PE ratio of 11.33 and a beta of 1.16. The stock’s 50-day moving average is $39.58 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 was the recipient of some unusual options trading activity on Wednesday. Investors bought 20,293 call options on the company. This is an increase of approximately 603% compared to the average daily volume of 2,886 call options.

Kohl’s Corporation (NYSE:KSS) last announced its quarterly earnings results on Thursday, August 10th. The company reported $1.24 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the firm earned $1.22 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts forecast that Kohl’s Corporation will post $3.71 EPS for the current year.

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Several institutional investors have recently modified their holdings of KSS. Cumberland Partners Ltd bought a new position in shares of Kohl’s Corporation during the first quarter worth approximately $6,071,000. 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. Gulf International Bank UK Ltd raised its position in shares of Kohl’s Corporation by 5.4% in the first quarter. Gulf International Bank UK Ltd now owns 60,062 shares of the company’s stock worth $2,391,000 after buying an additional 3,100 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Kohl’s Corporation by 30.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,814 shares of the company’s stock worth $749,000 after buying an additional 4,346 shares during the period. Finally, Berkshire Asset Management LLC PA raised its position in shares of Kohl’s Corporation by 12.0% in the first quarter. Berkshire Asset Management LLC PA now owns 79,292 shares of the company’s stock worth $3,157,000 after buying an additional 8,522 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.

Analyst Recommendations for Kohl`s Corporation (NYSE:KSS)

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