Kohl’s (NYSE:KSS) Price Target Cut to $38.00

Kohl’s (NYSE:KSSGet Rating) had its target price cut by Morgan Stanley from $42.00 to $38.00 in a research note issued to investors on Friday, The Fly reports. They currently have an underweight rating on the stock.

KSS has been the subject of several other research reports. Cowen cut their target price on shares of Kohl’s from $75.00 to $60.00 in a research note on Friday. Bank of America began coverage on Kohl’s in a report on Wednesday, March 9th. They issued a neutral rating and a $60.00 price target for the company. Telsey Advisory Group lowered their price target on Kohl’s from $60.00 to $55.00 and set a market perform rating for the company in a report on Friday. Credit Suisse Group lowered their price target on Kohl’s from $70.00 to $60.00 and set a neutral rating for the company in a report on Tuesday, March 8th. Finally, OTR Global cut Kohl’s to a positive rating in a report on Wednesday, May 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $55.87.

Shares of KSS stock opened at $38.24 on Friday. The firm has a 50-day moving average price of $56.86 and a 200 day moving average price of $55.06. Kohl’s has a twelve month low of $37.50 and a twelve month high of $64.38. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 5.94, a PEG ratio of 0.82 and a beta of 1.82. The company has a current ratio of 1.40, a quick ratio of 0.60 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSSGet Rating) last announced its earnings results on Thursday, May 19th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.59). Kohl’s had a net margin of 4.87% and a return on equity of 19.47%. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the firm posted $1.05 EPS. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, research analysts predict that Kohl’s will post 6.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Tuesday, June 7th. Kohl’s’s payout ratio is currently 31.06%.

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Kohl’s by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,544,711 shares of the company’s stock worth $274,782,000 after acquiring an additional 305,766 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Kohl’s by 24.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,242,075 shares of the company’s stock worth $199,759,000 after acquiring an additional 823,426 shares in the last quarter. Ancora Advisors LLC lifted its position in Kohl’s by 2.0% during the 3rd quarter. Ancora Advisors LLC now owns 3,560,035 shares of the company’s stock worth $167,642,000 after acquiring an additional 68,529 shares in the last quarter. Starboard Value LP acquired a new position in Kohl’s during the 1st quarter worth approximately $201,401,000. Finally, LSV Asset Management lifted its position in Kohl’s by 14.1% during the 1st quarter. LSV Asset Management now owns 2,910,648 shares of the company’s stock worth $175,978,000 after acquiring an additional 360,124 shares in the last quarter. Institutional investors and hedge funds own 92.72% of the company’s stock.

About Kohl’s (Get Rating)

Kohl's Corporation operates as a retail company 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 Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

Featured Stories

The Fly logo

Analyst Recommendations for Kohl's (NYSE:KSS)

Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.