Latest Stocks: Kohl’s Co. (KSS) Given New $39.00 Price Target at Royal Bank of Canada

Latest Stocks: Kohl’s Co. (KSS) Given New $39.00 Price Target at Royal Bank of Canada

Kohl's Co. (NYSE:KSS) had its price objective decreased by analysts at Royal Bank of Canada from $42.00 to $39.00 in a research note issued on Friday, May 12th. The firm presently has an “underperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 2.85% from the company’s previous close.

Several other analysts have also recently weighed in on KSS. Susquehanna Bancshares Inc began coverage on shares of Kohl's Co. in a research note on Friday, February 10th. They issued a “neutral” rating and a $41.00 price objective on the stock. Credit Suisse Group AG set a $39.00 price objective on shares of Kohl's Co. and gave the stock a “sell” rating in a research note on Saturday, February 18th. Telsey Advisory Group reduced their price objective on shares of Kohl's Co. from $47.00 to $43.00 and set a “market perform” rating on the stock in a research note on Friday, February 24th. Robert W. Baird set a $44.00 price objective on shares of Kohl's Co. and gave the stock a “hold” rating in a research note on Wednesday, February 22nd. Finally, Vetr raised shares of Kohl's Co. from a “hold” rating to a “buy” rating and set a $43.33 price objective on the stock in a research note on Thursday, February 16th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.84.

Kohl's Co. (NYSE:KSS) opened at 37.92 on Friday. The firm has a 50-day moving average price of $38.72 and a 200-day moving average price of $42.97. Kohl's Co. has a 12 month low of $34.10 and a 12 month high of $59.67. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 10.98 and a beta of 1.12.

Kohl's Co. (NYSE:KSS) last issued its quarterly earnings data on Thursday, May 11th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. Kohl's Co. had a net margin of 1.72% and a return on equity of 5.21%. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Kohl's Co.’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities analysts anticipate that Kohl's Co. will post $3.66 earnings per share for the current fiscal year. The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th will be issued a dividend of $0.55 per share. The ex-dividend date is Monday, June 5th. This represents a $2.20 annualized dividend and a dividend yield of 5.80%. Kohl's Co.’s payout ratio is 61.16%.

Kohl's Co. (NYSE:KSS) last issued its quarterly earnings data on Thursday, May 11th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. Kohl's Co. had a net margin of 1.72% and a return on equity of 5.21%. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Kohl's Co.’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities analysts anticipate that Kohl's Co. will post $3.66 earnings per share for the current fiscal year. Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in Kohl's Co. during the fourth quarter valued at $21,934,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Kohl's Co. by 1.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 550,873 shares of the company’s stock valued at $24,101,000 after buying an additional 7,433 shares during the last quarter. Tyers Asset Management LLC bought a new position in Kohl's Co. during the fourth quarter valued at $3,755,000. Cumberland Partners Ltd bought a new position in Kohl's Co. during the first quarter valued at $6,071,000. Finally, Wells Fargo & Company MN boosted its position in Kohl's Co. by 6.3% in the third quarter. Wells Fargo & Company MN now owns 3,259,961 shares of the company’s stock valued at $142,624,000 after buying an additional 193,867 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

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