Kohl’s (KSS) Rating Lowered to Sell at ValuEngine

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ValuEngine lowered shares of Kohl’s (NYSE:KSS) from a hold rating to a sell rating in a research report sent to investors on Wednesday, ValuEngine reports.

Several other research firms also recently commented on KSS. Guggenheim restated a buy rating and set a $80.00 price objective on shares of Kohl’s in a report on Tuesday, March 5th. Bank of America restated a buy rating and set a $80.00 price objective on shares of Kohl’s in a report on Wednesday, March 13th. JPMorgan Chase & Co. downgraded Kohl’s from an overweight rating to a neutral rating in a report on Tuesday, May 21st. Jefferies Financial Group decreased their price objective on Kohl’s from $100.00 to $95.00 and set a buy rating for the company in a report on Tuesday, May 21st. Finally, Atlantic Securities upgraded Kohl’s from an underweight rating to a neutral rating and set a $71.50 price objective for the company in a report on Wednesday, March 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. Kohl’s currently has a consensus rating of Hold and a consensus price target of $71.97.

Shares of KSS stock opened at $51.12 on Wednesday. The company has a market capitalization of $8.34 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77. The company has a quick ratio of 0.50, a current ratio of 1.66 and a debt-to-equity ratio of 1.06. Kohl’s has a fifty-two week low of $53.01 and a fifty-two week high of $83.28.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, May 21st. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.06). The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.97 billion. Kohl’s had a return on equity of 16.74% and a net margin of 3.91%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 earnings per share. On average, research analysts anticipate that Kohl’s will post 5.3 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $2.68 annualized dividend and a dividend yield of 5.24%. Kohl’s’s payout ratio is 47.86%.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc boosted its position in shares of Kohl’s by 0.3% during the third quarter. Vanguard Group Inc now owns 18,645,902 shares of the company’s stock valued at $1,390,053,000 after buying an additional 47,724 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Kohl’s by 5,066.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,708,774 shares of the company’s stock valued at $116,000 after buying an additional 7,559,552 shares during the last quarter. Northern Trust Corp boosted its position in shares of Kohl’s by 13.1% during the fourth quarter. Northern Trust Corp now owns 5,193,974 shares of the company’s stock valued at $344,568,000 after buying an additional 599,961 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Kohl’s by 22.7% during the first quarter. Renaissance Technologies LLC now owns 4,839,144 shares of the company’s stock valued at $332,788,000 after buying an additional 896,282 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Kohl’s by 0.4% during the first quarter. Wells Fargo & Company MN now owns 3,293,372 shares of the company’s stock valued at $226,483,000 after buying an additional 13,559 shares during the last quarter.

Kohl’s Company Profile

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

Further Reading: How Do You Calculate Return on Equity (ROE)?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Kohl`s (NYSE:KSS)

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