Credit Suisse Group assumed coverage on shares of Kohl's (NYSE:KSS) in a research note issued to investors on Monday morning. The brokerage issued an outperform rating and a $72.00 price objective on the stock.
KSS has been the subject of a number of other research reports. Morgan Stanley lifted their target price on Kohl's from $38.00 to $41.00 and gave the stock an underweight rating in a report on Friday, March 2nd. Robert W. Baird set a $73.00 target price on Kohl's and gave the stock a buy rating in a report on Thursday, March 1st. BMO Capital Markets lifted their target price on Kohl's to $69.00 and gave the stock a hold rating in a report on Friday, March 2nd. Cowen reissued a hold rating and issued a $66.00 target price on shares of Kohl's in a report on Friday, March 2nd. Finally, ValuEngine raised Kohl's from a hold rating to a buy rating in a report on Friday, December 1st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $59.66.
Shares of Kohl's (NYSE KSS) opened at $63.03 on Monday. The company has a market capitalization of $10,579.26, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. Kohl's has a fifty-two week low of $35.16 and a fifty-two week high of $69.48. The company has a quick ratio of 0.67, a current ratio of 2.01 and a debt-to-equity ratio of 0.81.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 3.87%. The ex-dividend date is Tuesday, March 13th. This is a positive change from Kohl's’s previous quarterly dividend of $0.55. Kohl's’s payout ratio is currently 42.80%.
In other Kohl's news, Director Stephanie A. Streeter sold 4,173 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $53.85, for a total transaction of $224,716.05. Following the completion of the sale, the director now owns 21,960 shares of the company’s stock, valued at $1,182,546. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Boneparth sold 7,500 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $66.18, for a total value of $496,350.00. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC bought a new stake in Kohl's during the fourth quarter valued at about $121,000. Focused Wealth Management Inc bought a new stake in Kohl's during the fourth quarter valued at about $201,000. CIBC World Markets Inc. bought a new stake in Kohl's during the fourth quarter valued at about $202,000. Calton & Associates Inc. bought a new stake in Kohl's during the fourth quarter valued at about $202,000. Finally, Keybank National Association OH bought a new stake in Kohl's during the third quarter valued at about $207,000.
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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