JPMorgan Chase & Co. Issues Positive Forecast for Kohl’s (NYSE:KSS) Stock Price

Kohl’s (NYSE:KSS) had its price objective boosted by JPMorgan Chase & Co. from $8.00 to $10.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

A number of other equities analysts have also recently issued reports on KSS. The Goldman Sachs Group restated a “sell” rating on shares of Kohl’s in a report on Thursday, May 29th. Wall Street Zen lowered shares of Kohl’s from a “hold” rating to a “sell” rating in a report on Sunday, June 22nd. Telsey Advisory Group reissued a “market perform” rating and set a $9.00 price objective on shares of Kohl’s in a research report on Thursday, May 29th. Barclays increased their price target on Kohl’s from $4.00 to $5.00 and gave the stock an “underweight” rating in a report on Friday, May 30th. Finally, 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 report on Friday, May 2nd. Eight research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.89.

Kohl’s Stock Up 0.2%

Shares of NYSE KSS opened at $12.82 on Monday. Kohl’s has a 52-week low of $6.04 and a 52-week high of $22.53. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.14 and a current ratio of 1.09. The company’s 50 day moving average price is $9.14 and its 200-day moving average price is $9.50. The company has a market capitalization of $1.44 billion, a P/E ratio of 11.76 and a beta of 1.66.

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

Kohl’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Wednesday, June 11th. Kohl’s’s payout ratio is 45.87%.

Institutional Trading of Kohl’s

A number of institutional investors and hedge funds have recently modified their holdings of KSS. State of Wyoming bought a new stake in shares of Kohl’s during the 4th quarter worth $35,000. National Bank of Canada FI bought a new stake in shares of Kohl’s during the 1st quarter worth $25,000. Smartleaf Asset Management LLC raised its stake 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 purchasing an additional 1,887 shares during the period. CWM LLC raised its stake in shares of Kohl’s by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company’s stock worth $34,000 after purchasing an additional 1,386 shares during the period. Finally, Cheviot Value Management LLC bought a new stake in shares of Kohl’s during the 1st quarter worth $36,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

Kohl’s Company Profile

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.