Wall Street Zen Upgrades Kohl's (NYSE:KSS) to "Hold"

Wall Street Zen upgraded shares of Kohl's (NYSE:KSS - Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Several other analysts also recently commented on KSS. Bank of America cut their target price on Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. raised their target price on Kohl's from $7.00 to $8.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. Barclays began coverage on Kohl's in a report on Monday, April 28th. They set an "underweight" rating and a $4.00 price target on the stock. UBS Group decreased their price target on Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a report on Wednesday, March 12th. Finally, Evercore ISI reduced their target price on Kohl's from $9.00 to $8.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Seven analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $9.61.

Kohl's Stock Up 5.7%

Shares of NYSE:KSS traded up $0.43 during mid-day trading on Friday, hitting $7.91. 8,001,255 shares of the company traded hands, compared to its average volume of 8,816,624. The stock has a 50-day moving average price of $7.44 and a two-hundred day moving average price of $11.37. The stock has a market cap of $880.57 million, a P/E ratio of 3.56 and a beta of 1.61. Kohl's has a 12-month low of $6.04 and a 12-month high of $27.59. 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 released its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.23. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same period in the previous year, the company posted $1.67 EPS. The firm's revenue for the quarter was down 9.4% compared to the same quarter last year. On average, equities research analysts forecast that Kohl's will post 1.3 earnings per share for the current year.

Kohl's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors 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 yield of 6.32%. The ex-dividend date is Wednesday, June 11th. Kohl's's payout ratio is 51.02%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of KSS. Alyeska Investment Group L.P. acquired a new position in Kohl's during the first quarter worth $11,650,000. Marshall Wace LLP purchased a new position in Kohl's during the fourth quarter worth about $19,874,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Kohl's in the 1st quarter worth about $7,818,000. Gate City Capital Management LLC purchased a new position in shares of Kohl's in the 4th quarter worth about $12,773,000. Finally, AQR Capital Management LLC grew its stake in shares of Kohl's by 88.1% in the first quarter. AQR Capital Management LLC now owns 1,774,244 shares of the company's stock valued at $14,513,000 after buying an additional 831,055 shares in the last quarter. Institutional investors and hedge funds 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.