Kohl’s’ (KSS) Neutral Rating Reaffirmed at Wedbush

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Wedbush reissued their neutral rating on shares of Kohl’s (NYSE:KSS) in a report issued on Thursday, The Fly reports. They currently have a $48.00 price objective on the stock, down from their previous price objective of $58.00.

A number of other brokerages have also recently issued reports on KSS. TheStreet cut Kohl’s from a b- rating to a c+ rating in a research report on Tuesday, June 18th. Deutsche Bank decreased their target price on Kohl’s from $71.00 to $59.00 and set a hold rating for the company in a research report on Wednesday, May 22nd. Citigroup decreased their target price on Kohl’s from $71.00 to $60.00 and set a neutral rating for the company in a research report on Wednesday, May 22nd. Telsey Advisory Group reaffirmed an outperform rating and set a $65.00 target price (down previously from $80.00) on shares of Kohl’s in a research report on Wednesday, May 22nd. Finally, Robert W. Baird decreased their target price on Kohl’s from $80.00 to $70.00 and set an outperform rating for the company in a research report on Wednesday, May 22nd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $69.11.

Shares of NYSE KSS opened at $45.51 on Thursday. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 0.84 and a beta of 1.00. The business has a 50 day simple moving average of $49.19 and a 200 day simple moving average of $59.72. Kohl’s has a 52 week low of $43.33 and a 52 week high of $83.28. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.34 and a current ratio of 1.66.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, May 21st. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.06). The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.97 billion. Kohl’s had a net margin of 3.91% and a return on equity of 16.74%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. On average, analysts predict that Kohl’s will post 5.23 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new position in shares of Kohl’s during the first quarter worth approximately $33,000. Princeton Capital Management LLC raised its stake in shares of Kohl’s by 94.3% in the first quarter. Princeton Capital Management LLC now owns 544 shares of the company’s stock valued at $37,000 after purchasing an additional 264 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Kohl’s in the second quarter valued at $26,000. TRUE Private Wealth Advisors acquired a new position in shares of Kohl’s in the second quarter valued at $33,000. Finally, Thor Advisors LLC acquired a new position in shares of Kohl’s in the first quarter valued at $50,000.

About Kohl’s

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

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Analyst Recommendations for Kohl`s (NYSE:KSS)

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