Kohl's (NYSE:KSS) Price Target Raised to $19.00

Key Points

• Citigroup has raised its price target for Kohl's (NYSE: KSS) from $16.00 to $19.00, indicating a possible upside of 9.07% from current prices, while maintaining a "neutral" rating.
• Other analysts have set varied price targets for Kohl's, with Morgan Stanley increasing theirs to $9.00 and Barclays to $8.00, both giving an "underweight" rating.
• Kohl's recently reported $0.56 earnings per share for the last quarter, exceeding expectations, while the company's revenue declined by 5.0% year-over-year.

Kohl's (NYSE:KSS - Free Report) had its price target hoisted by Citigroup from $16.00 to $19.00 in a report issued on Friday morning, Marketbeat reports. They currently have a neutral rating on the stock.

KSS has been the topic of several other reports. Cowen reissued a "hold" rating on shares of Kohl's in a research note on Thursday, August 28th. Gordon Haskett raised Kohl's from a "hold" rating to an "accumulate" rating in a research note on Wednesday, August 27th. Robert W. Baird upped their target price on Kohl's from $9.00 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Barclays upped their target price on Kohl's from $5.00 to $8.00 and gave the stock an "underweight" rating in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. increased their price target on Kohl's from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $12.75.

Kohl's Trading Down 0.9%

Shares of NYSE:KSS traded down $0.15 during midday trading on Friday, hitting $17.23. 9,473,827 shares of the stock were exchanged, compared to its average volume of 8,756,254. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 9.31 and a beta of 1.74. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.19 and a current ratio of 1.36. The business's 50-day moving average price is $13.59 and its 200 day moving average price is $10.00. Kohl's has a 12 month low of $6.04 and a 12 month high of $21.39.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.23. Kohl's had a return on equity of 4.62% and a net margin of 1.31%.The company had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $3.37 billion. During the same period in the previous year, the business posted $0.59 earnings per share. The business's quarterly revenue was down 5.0% compared to the same quarter last year. Kohl's has set its FY 2025 guidance at 0.500-0.800 EPS. Analysts predict that Kohl's will post 1.3 earnings per share for the current year.

Kohl's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.9%. Kohl's's dividend payout ratio is presently 27.03%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KSS. American Century Companies Inc. lifted its holdings in Kohl's by 4.9% during the 2nd quarter. American Century Companies Inc. now owns 4,690,642 shares of the company's stock worth $39,777,000 after purchasing an additional 220,427 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in Kohl's by 21.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 4,303,123 shares of the company's stock worth $36,490,000 after purchasing an additional 745,543 shares in the last quarter. Invesco Ltd. lifted its holdings in Kohl's by 29.7% during the 1st quarter. Invesco Ltd. now owns 2,973,512 shares of the company's stock worth $24,323,000 after purchasing an additional 680,766 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Kohl's by 43.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,615,482 shares of the company's stock worth $22,182,000 after purchasing an additional 785,936 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Kohl's by 11.5% during the 2nd quarter. First Trust Advisors LP now owns 2,380,359 shares of the company's stock worth $20,185,000 after purchasing an additional 244,761 shares in the last quarter. 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.