Analysts Set Kohl’s Corporation (NYSE:KSS) Price Target at $9.89

Kohl’s Corporation (NYSE:KSS) has earned an average recommendation of “Reduce” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.8929.

A number of equities research analysts recently weighed in on the company. Gordon Haskett upgraded Kohl’s from a “reduce” rating to a “hold” rating in a research report on Tuesday. Evercore ISI cut their price target on Kohl’s from $9.00 to $8.00 and set an “in-line” rating on the stock in a research note on Friday, May 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $9.00 price objective on shares of Kohl’s in a research note on Thursday, May 29th. Robert W. Baird raised their price objective on shares of Kohl’s from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, May 30th. Finally, Wall Street Zen downgraded shares of Kohl’s from a “hold” rating to a “sell” rating in a research report on Sunday, June 22nd.

Institutional Investors Weigh In On Kohl’s

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

Kohl’s Trading Up 3.0%

Shares of Kohl’s stock opened at $14.43 on Tuesday. The firm’s 50 day moving average is $10.15 and its 200 day moving average is $9.44. The firm has a market capitalization of $1.62 billion, a PE ratio of 13.23 and a beta of 1.73. Kohl’s has a 1 year low of $6.04 and a 1 year high of $21.39. The company has a current ratio of 1.09, a quick ratio of 0.14 and a debt-to-equity ratio of 0.95.

Kohl’s (NYSE:KSS) last posted its earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.09. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Kohl’s had a net margin of 0.75% and a return on equity of 4.71%. The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. Equities research analysts forecast that Kohl’s will post 1.3 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a $0.125 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.5%. Kohl’s’s payout ratio is 45.87%.

About Kohl’s

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.