Kohl's (NYSE:KSS) Price Target Raised to $9.00

Kohl's (NYSE:KSS - Free Report) had its price target raised by Robert W. Baird from $8.00 to $9.00 in a research report report published on Friday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other analysts have also issued reports on KSS. Wall Street Zen raised shares of Kohl's from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Citigroup reduced their price target on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Bank of America reduced their price target on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a research report on Wednesday, March 12th. Morgan Stanley reduced their price target on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, March 12th. Finally, Evercore ISI reduced their price target on shares of Kohl's from $9.00 to $8.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Eight equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $9.75.

Kohl's Trading Up 1.1%

Shares of KSS traded up $0.09 during midday trading on Friday, hitting $8.13. The stock had a trading volume of 14,911,382 shares, compared to its average volume of 8,831,009. Kohl's has a fifty-two week low of $6.04 and a fifty-two week high of $24.83. The business has a 50-day simple moving average of $7.38 and a two-hundred day simple moving average of $11.14. The firm has a market cap of $905.06 million, a P/E ratio of 3.66 and a beta of 1.61. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

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

Kohl's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date is Wednesday, June 11th. Kohl's's dividend payout ratio (DPR) is presently 45.87%.

Institutional Trading of Kohl's

Institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Kohl's in the fourth quarter worth $26,000. State of Wyoming acquired a new stake in shares of Kohl's in the fourth quarter worth $35,000. Bogart Wealth LLC acquired a new stake in shares of Kohl's in the fourth quarter worth $35,000. National Bank of Canada FI acquired a new stake in shares of Kohl's in the first quarter worth $25,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Kohl's by 161.8% in the first quarter. Smartleaf Asset Management LLC now owns 3,053 shares of the company's stock worth $26,000 after buying an additional 1,887 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.