Kohl’s (NYSE:KSS) Price Target Raised to $9.00 at Morgan Stanley

Kohl’s (NYSE:KSS) had its price objective lifted by Morgan Stanley from $5.00 to $9.00 in a research note released on Thursday, MarketBeat reports. The firm currently has an underweight rating on the stock.

KSS has been the subject of a number of other reports. Barclays boosted their price objective on Kohl’s from $5.00 to $8.00 and gave the stock an “underweight” rating in a report on Thursday, August 28th. Cowen reissued a “hold” rating on shares of Kohl’s in a research note on Thursday, August 28th. Gordon Haskett raised shares of Kohl’s from a “hold” rating to an “accumulate” rating in a research note on Wednesday, August 27th. UBS Group upped their target price on shares of Kohl’s from $4.00 to $4.50 and gave the company a “sell” rating in a research report on Thursday, August 28th. Finally, Robert W. Baird increased their price target on Kohl’s from $9.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kohl’s has an average rating of “Reduce” and a consensus price target of $12.54.

Kohl’s Price Performance

Shares of KSS stock opened at $17.42 on Thursday. 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 1.36, a quick ratio of 0.19 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average is $13.44 and its 200-day moving average is $9.97. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 9.42 and a beta of 1.74.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.23. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Kohl’s had a net margin of 1.31% and a return on equity of 4.62%. Kohl’s’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. Kohl’s has set its FY 2025 guidance at 0.500-0.800 EPS. Sell-side analysts forecast that Kohl’s will post 1.3 EPS for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.9%. Kohl’s’s dividend payout ratio (DPR) is 27.03%.

Hedge Funds Weigh In On Kohl’s

A number of large investors have recently modified their holdings of the business. Hussman Strategic Advisors Inc. increased its position in shares of Kohl’s by 40.0% in the first quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock valued at $1,202,000 after acquiring an additional 42,000 shares during the last quarter. New Republic Capital LLC acquired a new position in shares of Kohl’s during the 1st quarter worth approximately $243,000. Jefferies Financial Group Inc. bought a new stake in shares of Kohl’s during the 1st quarter worth approximately $409,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Kohl’s by 37.0% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 197,974 shares of the company’s stock valued at $1,649,000 after buying an additional 53,518 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Kohl’s by 313.1% in the first quarter. XTX Topco Ltd now owns 142,270 shares of the company’s stock valued at $1,164,000 after buying an additional 107,831 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.