Kohl’s (KSS) Cut to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Kohl’s (NYSE:KSS) from an overweight rating to a neutral rating in a research report released on Tuesday morning, Briefing.com Automated Import reports.

Several other analysts have also recently commented on KSS. Bank of America reaffirmed a buy rating and issued a $80.00 target price on shares of Kohl’s in a research note on Wednesday, March 13th. Zacks Investment Research raised shares of Kohl’s from a hold rating to a buy rating and set a $76.00 target price for the company in a research note on Tuesday, March 12th. Atlantic Securities raised shares of Kohl’s from an underweight rating to a neutral rating and set a $71.50 target price for the company in a research note on Wednesday, March 6th. Guggenheim reaffirmed a buy rating and issued a $80.00 target price on shares of Kohl’s in a research note on Tuesday, March 5th. Finally, Jefferies Financial Group lowered their target price on shares of Kohl’s from $100.00 to $95.00 and set a buy rating for the company in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $71.97.

Shares of Kohl’s stock opened at $51.12 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.66 and a quick ratio of 0.50. Kohl’s has a 1 year low of $53.01 and a 1 year high of $83.28. The company has a market cap of $8.34 billion, a P/E ratio of 9.13, a P/E/G ratio of 1.07 and a beta of 0.77.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.06). Kohl’s had a return on equity of 16.74% and a net margin of 3.91%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts forecast that Kohl’s will post 5.3 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $2.68 annualized dividend and a dividend yield of 5.24%. Kohl’s’s dividend payout ratio is presently 47.86%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Truehand Inc purchased a new stake in shares of Kohl’s during the 4th quarter valued at $26,000. Loeb Partners Corp purchased a new stake in shares of Kohl’s during the 4th quarter valued at $28,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Kohl’s during the 1st quarter valued at $33,000. Princeton Capital Management LLC grew its stake in shares of Kohl’s by 94.3% during the 1st quarter. Princeton Capital Management LLC now owns 544 shares of the company’s stock valued at $37,000 after buying an additional 264 shares during the period. Finally, Liberty Wealth Management LLC purchased a new stake in shares of Kohl’s during the 4th quarter valued at $36,000.

Kohl’s Company Profile

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

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Analyst Recommendations for Kohl`s (NYSE:KSS)

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