Kohl’s (NYSE:KSS) Upgraded at Gordon Haskett

Gordon Haskett upgraded shares of Kohl’s (NYSE:KSS) from an accumulate rating to a buy rating in a research note released on Tuesday, MarketBeat.com reports.

Several other analysts also recently issued reports on KSS. The Goldman Sachs Group boosted their target price on shares of Kohl’s from $7.00 to $11.00 and gave the company a “sell” rating in a research note on Thursday, August 28th. BTIG Research started coverage on Kohl’s in a report on Tuesday, October 14th. They set a “neutral” rating on the stock. Morgan Stanley increased their price objective on Kohl’s from $5.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, September 18th. Robert W. Baird lifted their target price on Kohl’s from $9.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price target (up from $16.00) on shares of Kohl’s in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $15.18.

Kohl’s Price Performance

NYSE KSS opened at $24.11 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 0.19 and a debt-to-equity ratio of 1.00. Kohl’s has a 1 year low of $6.04 and a 1 year high of $24.91. The company has a market cap of $2.70 billion, a PE ratio of 13.03 and a beta of 1.78. The stock’s 50-day moving average price is $16.70 and its two-hundred day moving average price is $13.05.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, November 25th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.29. Kohl’s had a net margin of 1.31% and a return on equity of 4.62%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period last year, the company posted $0.20 earnings per share. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. On average, analysts predict that Kohl’s will post 1.3 EPS for the current year.

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. Kohl’s’s payout ratio is presently 27.03%.

Institutional Trading of Kohl’s

Institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System grew its position in Kohl’s by 2.0% in the third quarter. Arizona State Retirement System now owns 33,154 shares of the company’s stock worth $510,000 after acquiring an additional 666 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Kohl’s by 2.9% in the 3rd quarter. Sei Investments Co. now owns 30,638 shares of the company’s stock valued at $471,000 after purchasing an additional 868 shares during the last quarter. Viawealth LLC boosted its holdings in Kohl’s by 7.2% in the second quarter. Viawealth LLC now owns 12,998 shares of the company’s stock worth $110,000 after purchasing an additional 873 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Kohl’s by 46.4% in the third quarter. Deseret Mutual Benefit Administrators now owns 2,832 shares of the company’s stock worth $44,000 after purchasing an additional 898 shares in the last quarter. Finally, Amalgamated Bank increased its position in Kohl’s by 3.2% during the third quarter. Amalgamated Bank now owns 32,887 shares of the company’s stock worth $505,000 after buying an additional 1,018 shares during 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.