Kohl’s (NYSE:KSS) Given New $22.00 Price Target at Evercore ISI

Kohl’s (NYSE:KSSFree Report) had its target price trimmed by Evercore ISI from $24.00 to $22.00 in a research note published on Friday morning, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Several other equities research analysts have also recently issued reports on KSS. Citigroup reduced their target price on Kohl’s from $27.00 to $24.00 and set a neutral rating on the stock in a report on Wednesday, March 13th. Telsey Advisory Group reaffirmed a market perform rating and issued a $28.00 price objective on shares of Kohl’s in a research note on Thursday. StockNews.com upgraded Kohl’s from a hold rating to a buy rating in a research report on Thursday, May 16th. TD Cowen boosted their price target on shares of Kohl’s from $28.00 to $31.00 and gave the stock an outperform rating in a research report on Wednesday, March 13th. Finally, Morgan Stanley increased their price objective on shares of Kohl’s from $18.00 to $19.00 and gave the company an underweight rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $22.44.

Get Our Latest Stock Analysis on Kohl’s

Kohl’s Stock Up 6.5 %

Shares of KSS opened at $22.39 on Friday. Kohl’s has a 12-month low of $17.68 and a 12-month high of $29.65. The company has a current ratio of 1.21, a quick ratio of 0.20 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $2.48 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 1.70 and a beta of 2.01. The business’s 50 day moving average is $25.10 and its 200 day moving average is $25.94.

Kohl’s (NYSE:KSSGet Free Report) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.28). Kohl’s had a net margin of 1.60% and a return on equity of 7.27%. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s quarterly revenue was down 10.4% on a year-over-year basis. Research analysts expect that Kohl’s will post 1.55 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $2.00 annualized dividend and a dividend yield of 8.93%. Kohl’s’s dividend payout ratio (DPR) is presently 80.65%.

Hedge Funds Weigh In On Kohl’s

Several hedge funds have recently added to or reduced their stakes in KSS. EMC Capital Management raised its position in Kohl’s by 231.8% in the 1st quarter. EMC Capital Management now owns 7,891 shares of the company’s stock worth $230,000 after purchasing an additional 5,513 shares during the period. Hancock Whitney Corp purchased a new stake in Kohl’s in the 1st quarter worth about $1,708,000. Tidal Investments LLC raised its position in Kohl’s by 23.0% in the 1st quarter. Tidal Investments LLC now owns 15,942 shares of the company’s stock worth $465,000 after purchasing an additional 2,982 shares during the period. Whitebox Advisors LLC raised its position in Kohl’s by 2.2% in the 1st quarter. Whitebox Advisors LLC now owns 45,770 shares of the company’s stock worth $1,334,000 after purchasing an additional 1,000 shares during the period. Finally, Hyperion Capital Advisors LP purchased a new stake in Kohl’s in the 1st quarter worth about $283,000. 98.04% of the stock is currently owned by institutional investors.

Kohl’s Company Profile

(Get Free Report)

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.

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