Kohl's (NYSE:KSS) Upgraded to Hold at Wall Street Zen

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

A number of other equities analysts have also issued reports on the stock. Bank of America reduced their target price on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a research report on Wednesday, March 12th. Barclays initiated coverage on Kohl's in a research note on Monday, April 28th. They set an "underweight" rating and a $4.00 price objective on the stock. Evercore ISI reduced their target price on shares of Kohl's from $9.00 to $8.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Citigroup cut 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 note on Monday, March 17th. Finally, UBS Group cut their price objective on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating for the company in a research report on Wednesday, March 12th. Seven research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, Kohl's presently has an average rating of "Hold" and a consensus price target of $9.61.

Kohl's Stock Up 1.6%

Shares of KSS traded up $0.13 during trading hours on Friday, hitting $8.04. 5,538,827 shares of the company were exchanged, compared to its average volume of 8,804,572. The company has a market cap of $894.49 million, a PE ratio of 3.61 and a beta of 1.61. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The firm's 50 day moving average is $7.43 and its 200-day moving average is $11.35. Kohl's has a 52 week low of $6.04 and a 52 week high of $27.59.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.23. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter last year, the company posted $1.67 earnings per share. Kohl's's quarterly revenue was down 9.4% on a year-over-year basis. On average, equities research analysts forecast that Kohl's will post 1.3 EPS for the current fiscal year.

Kohl's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.50 annualized dividend and a dividend yield of 6.22%. Kohl's's payout ratio is currently 51.02%.

Institutional Trading of Kohl's

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