Kohl’s (NYSE:KSS) Upgraded to Buy by StockNews.com

Kohl’s (NYSE:KSS) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other equities analysts have also recently commented on KSS. Morgan Stanley boosted their price target on shares of Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Citigroup cut their price target on shares of Kohl’s from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. JPMorgan Chase & Co. boosted their price target on shares of Kohl’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. TD Cowen boosted their price objective on shares of Kohl’s from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Finally, Telsey Advisory Group boosted their price objective on shares of Kohl’s from $25.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $24.20.

Kohl’s Price Performance

NYSE:KSS traded down $0.96 during mid-day trading on Friday, hitting $22.72. 6,270,671 shares of the stock traded hands, compared to its average volume of 5,396,895. The business’s 50-day moving average price is $26.72 and its 200 day moving average price is $25.07. The company has a market cap of $2.52 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 1.29 and a beta of 1.98. Kohl’s has a 12-month low of $17.68 and a 12-month high of $29.65. The company has a quick ratio of 0.20, a current ratio of 1.31 and a debt-to-equity ratio of 1.11.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.28 by $0.39. Kohl’s had a net margin of 1.81% and a return on equity of 8.40%. The company had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the previous year, the company earned ($2.49) earnings per share. Kohl’s’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts expect that Kohl’s will post 2.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Kohl’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in Kohl’s in the 3rd quarter worth $25,000. Eagle Bay Advisors LLC bought a new position in Kohl’s in the 2nd quarter worth $26,000. SkyView Investment Advisors LLC bought a new position in Kohl’s in the 1st quarter worth $27,000. Quarry LP raised its holdings in Kohl’s by 81.1% in the 1st quarter. Quarry LP now owns 1,326 shares of the company’s stock worth $31,000 after purchasing an additional 594 shares in the last quarter. Finally, CWM LLC raised its holdings in Kohl’s by 59.7% in the 4th quarter. CWM LLC now owns 1,145 shares of the company’s stock worth $33,000 after purchasing an additional 428 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

About Kohl’s

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.