Kohl’s (NYSE:KSS) Upgraded at Zacks Research

Zacks Research upgraded shares of Kohl’s (NYSE:KSS) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

KSS has been the subject of a number of other research reports. Gordon Haskett raised Kohl’s from an “accumulate” rating to a “buy” rating in a research note on Tuesday, November 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kohl’s in a research note on Wednesday, October 8th. Cowen restated a “hold” rating on shares of Kohl’s in a report on Wednesday, November 26th. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 price target (up from $16.00) on shares of Kohl’s in a report on Tuesday, November 25th. Finally, Barclays raised their price target on shares of Kohl’s from $5.00 to $8.00 and gave the stock an “underweight” rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $15.18.

Kohl’s Trading Down 7.0%

NYSE:KSS opened at $22.97 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.12 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $2.57 billion, a PE ratio of 13.36 and a beta of 1.45. Kohl’s has a 12 month low of $6.04 and a 12 month high of $25.22. The firm’s 50 day moving average is $17.25 and its 200 day moving average is $13.53.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.29. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Kohl’s had a return on equity of 4.30% and a net margin of 1.23%.The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS. Sell-side analysts expect that Kohl’s will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, December 10th. Kohl’s’s dividend payout ratio is 29.07%.

Institutional Trading of Kohl’s

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers raised its stake in Kohl’s by 8.9% during the first quarter. Cetera Investment Advisers now owns 27,711 shares of the company’s stock valued at $227,000 after buying an additional 2,258 shares during the last quarter. US Bancorp DE increased its holdings in shares of Kohl’s by 140.8% during the first quarter. US Bancorp DE now owns 22,105 shares of the company’s stock valued at $181,000 after acquiring an additional 12,927 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Kohl’s in the 1st quarter worth about $409,000. PNC Financial Services Group Inc. boosted its stake in Kohl’s by 143.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,817 shares of the company’s stock worth $129,000 after purchasing an additional 9,320 shares in the last quarter. Finally, Blair William & Co. IL grew its position in Kohl’s by 10.9% during the 1st quarter. Blair William & Co. IL now owns 22,104 shares of the company’s stock valued at $181,000 after purchasing an additional 2,171 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

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.