Kohl's (NYSE:KSS) Price Target Raised to $5.00

Kohl's (NYSE:KSS - Free Report) had its price target upped by Barclays from $4.00 to $5.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Bank of America cut their price target on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. Citigroup cut their price target on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. The Goldman Sachs Group reiterated a "sell" rating on shares of Kohl's in a report on Thursday. Robert W. Baird cut their price target on shares of Kohl's from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, Morgan Stanley cut their price target on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Wednesday, March 12th. Eight research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $9.75.

Kohl's Stock Up 1.1%

Shares of NYSE KSS traded up $0.09 on Friday, reaching $8.13. 14,911,382 shares of the company's stock traded hands, compared to its average volume of 8,831,009. Kohl's has a 12 month low of $6.04 and a 12 month high of $24.83. The business's 50 day simple moving average is $7.38 and its two-hundred day simple moving average is $11.14. The company has a market cap of $905.06 million, a price-to-earnings ratio of 3.66 and a beta of 1.61. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Kohl's (NYSE:KSS - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.22) by $0.09. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the firm earned ($0.24) earnings per share. The business's revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities research analysts forecast that Kohl's will post 1.3 EPS for the current fiscal year.

Kohl's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 6.15%. The ex-dividend date of this dividend is Wednesday, June 11th. Kohl's's dividend payout ratio is presently 45.87%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vident Advisory LLC boosted its stake in shares of Kohl's by 9.3% during the 4th quarter. Vident Advisory LLC now owns 11,421 shares of the company's stock worth $160,000 after acquiring an additional 967 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Kohl's by 1.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,124 shares of the company's stock valued at $830,000 after purchasing an additional 972 shares during the period. Russell Investments Group Ltd. raised its position in shares of Kohl's by 7.6% during the 4th quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company's stock valued at $246,000 after purchasing an additional 1,232 shares during the period. CWM LLC raised its position in shares of Kohl's by 49.7% during the 1st quarter. CWM LLC now owns 4,177 shares of the company's stock valued at $34,000 after purchasing an additional 1,386 shares during the period. Finally, Platinum Investment Management Ltd. raised its position in shares of Kohl's by 30.7% during the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock valued at $86,000 after purchasing an additional 1,436 shares during the period. Hedge funds and other institutional investors own 98.04% of the company's stock.

Kohl's Company Profile

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.