Kohl’s (NYSE:KSS) Upgraded by Gordon Haskett to Hold Rating

Gordon Haskett upgraded shares of Kohl’s (NYSE:KSS) from a reduce rating to a hold rating in a research note published on Tuesday morning, Marketbeat.com reports.

KSS has been the subject of several other reports. JPMorgan Chase & Co. increased their price target on shares of Kohl’s from $8.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, July 28th. Telsey Advisory Group reiterated a “market perform” rating and issued a $9.00 price target on shares of Kohl’s in a research note on Thursday, May 29th. Barclays increased their price target on shares of Kohl’s from $4.00 to $5.00 and gave the stock an “underweight” rating in a research note on Friday, May 30th. Robert W. Baird increased their price target on shares of Kohl’s from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, May 30th. Finally, The Goldman Sachs Group reiterated a “sell” rating on shares of Kohl’s in a research note on Thursday, May 29th. Seven analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.89.

Kohl’s Stock Up 5.0%

Shares of NYSE KSS opened at $12.82 on Tuesday. 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 has a 12 month low of $6.04 and a 12 month high of $21.39. The firm has a market capitalization of $1.44 billion, a PE ratio of 11.76 and a beta of 1.73. The firm has a fifty day simple moving average of $9.92 and a two-hundred day simple moving average of $9.40.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.09. Kohl’s had a net margin of 0.75% and a return on equity of 4.71%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the business earned ($0.24) EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities analysts expect 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 will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.9%. Kohl’s’s dividend payout ratio (DPR) is 45.87%.

Institutional Trading of Kohl’s

Institutional investors have recently bought and sold shares of the company. Viawealth LLC boosted its holdings in shares of Kohl’s by 7.2% during the 2nd quarter. Viawealth LLC now owns 12,998 shares of the company’s stock valued at $110,000 after acquiring an additional 873 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Kohl’s during the 2nd quarter valued at about $94,000. Prudential Financial Inc. boosted its holdings in shares of Kohl’s by 6.9% during the 2nd quarter. Prudential Financial Inc. now owns 117,725 shares of the company’s stock valued at $998,000 after acquiring an additional 7,582 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Kohl’s by 4.9% during the 2nd quarter. American Century Companies Inc. now owns 4,690,642 shares of the company’s stock valued at $39,777,000 after acquiring an additional 220,427 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Kohl’s by 23.9% during the 2nd quarter. Rhumbline Advisers now owns 337,741 shares of the company’s stock valued at $2,864,000 after acquiring an additional 65,172 shares during the last quarter. 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.