Kohl’s’ (KSS) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Kohl’s (NYSE:KSS) in a report released on Thursday, Benzinga reports. Telsey Advisory Group currently has a $28.00 price target on the stock.

Several other research firms also recently commented on KSS. Citigroup decreased their price objective on Kohl’s from $27.00 to $24.00 and set a neutral rating on the stock in a research note on Wednesday, March 13th. JPMorgan Chase & Co. raised their price objective on Kohl’s from $21.00 to $25.00 and gave the stock a neutral rating in a research note on Friday, May 17th. StockNews.com raised Kohl’s from a hold rating to a buy rating in a research note on Thursday, May 16th. Morgan Stanley raised their price objective on Kohl’s from $18.00 to $19.00 and gave the stock an underweight rating in a research note on Thursday, March 21st. Finally, TD Cowen raised their price objective on Kohl’s from $28.00 to $31.00 and gave the stock an outperform rating in a research note on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of $24.60.

Kohl’s Trading Up 2.1 %

Shares of NYSE:KSS opened at $26.15 on Thursday. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 1.43 and a beta of 2.01. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.20 and a current ratio of 1.31. The stock’s 50-day simple moving average is $25.19 and its two-hundred day simple moving average is $25.85. Kohl’s has a 52-week low of $17.68 and a 52-week high of $29.65.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.39. The business had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Kohl’s had a return on equity of 8.40% and a net margin of 1.81%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the firm posted ($2.49) earnings per share. Analysts expect that Kohl’s will post 2.24 EPS for the current year.

Kohl’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date of this dividend is Wednesday, June 12th. Kohl’s’s payout ratio is 70.18%.

Hedge Funds Weigh In On Kohl’s

A number of institutional investors and hedge funds have recently modified their holdings of KSS. Allspring Global Investments Holdings LLC boosted its holdings in shares of Kohl’s by 2,318.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,962 shares of the company’s stock worth $335,000 after purchasing an additional 15,302 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Kohl’s by 65.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 21,449 shares of the company’s stock worth $450,000 after purchasing an additional 8,476 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Kohl’s by 161.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 34,262 shares of the company’s stock worth $718,000 after purchasing an additional 21,162 shares during the period. Barclays PLC boosted its holdings in shares of Kohl’s by 73.7% in the 3rd quarter. Barclays PLC now owns 1,299,839 shares of the company’s stock worth $27,245,000 after purchasing an additional 551,340 shares during the period. Finally, Financial Counselors Inc. boosted its holdings in shares of Kohl’s by 13.0% in the 3rd quarter. Financial Counselors Inc. now owns 9,847 shares of the company’s stock worth $206,000 after purchasing an additional 1,130 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.