Kohl’s (NYSE:KSS) Downgraded by ValuEngine

ValuEngine downgraded shares of Kohl’s (NYSE:KSS) from a sell rating to a strong sell rating in a research note released on Thursday, June 6th, ValuEngine reports.

A number of other brokerages also recently commented on KSS. Guggenheim reissued a buy rating and issued a $80.00 target price on shares of Kohl’s in a research note on Tuesday, March 5th. Bank of America reissued a buy rating and issued a $80.00 target price on shares of Kohl’s in a research note on Wednesday, March 13th. Zacks Investment Research raised shares of Kohl’s from a hold rating to a buy rating and set a $76.00 target price on the stock in a research note on Tuesday, March 12th. Jefferies Financial Group cut their target price on shares of Kohl’s from $100.00 to $95.00 and set a buy rating on the stock in a research note on Tuesday, May 21st. Finally, Deutsche Bank lowered their price target on shares of Kohl’s from $71.00 to $59.00 and set a hold rating for the company in a report on Wednesday, May 22nd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. Kohl’s presently has a consensus rating of Hold and a consensus price target of $69.67.

NYSE:KSS traded up $0.73 during trading hours on Thursday, reaching $47.55. 5,832,643 shares of the company were exchanged, compared to its average volume of 4,773,859. The company has a current ratio of 1.66, a quick ratio of 0.34 and a debt-to-equity ratio of 1.06. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 0.88 and a beta of 1.06. Kohl’s has a 52-week low of $45.21 and a 52-week high of $83.28. The company’s 50 day moving average is $52.48.

Kohl’s (NYSE:KSS) last posted its quarterly 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 company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Kohl’s had a return on equity of 16.74% and a net margin of 3.91%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. On average, analysts forecast that Kohl’s will post 5.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend was Tuesday, June 11th. Kohl’s’s dividend payout ratio is currently 47.86%.

Hedge funds have recently made changes to their positions in the business. Wakefield Asset Management LLLP lifted its position in shares of Kohl’s by 3.3% in the 1st quarter. Wakefield Asset Management LLLP now owns 4,779 shares of the company’s stock worth $329,000 after buying an additional 153 shares during the last quarter. Bruderman Asset Management LLC lifted its position in Kohl’s by 3.9% in the 4th quarter. Bruderman Asset Management LLC now owns 4,895 shares of the company’s stock valued at $325,000 after purchasing an additional 183 shares during the last quarter. Eagle Asset Management Inc. lifted its position in Kohl’s by 2.9% in the 1st quarter. Eagle Asset Management Inc. now owns 7,928 shares of the company’s stock valued at $545,000 after purchasing an additional 226 shares during the last quarter. LS Investment Advisors LLC lifted its position in Kohl’s by 2.3% in the 1st quarter. LS Investment Advisors LLC now owns 10,252 shares of the company’s stock valued at $705,000 after purchasing an additional 227 shares during the last quarter. Finally, CNB Bank lifted its position in Kohl’s by 3.1% in the 4th quarter. CNB Bank now owns 7,852 shares of the company’s stock valued at $521,000 after purchasing an additional 236 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.

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Analyst Recommendations for Kohl`s (NYSE:KSS)

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