Kohls Corp (NYSE: KSS)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a note issued to investors on Friday. They currently have a $53.00 target price on the stock, up from their previous target price of $52.00.
The analysts wrote, “KSS shares are out of favour, investor patience is thin, and until SSS come back the stock could remain cheap, sporting a double digit FCF yield. With that said, management continues to push forward with merchandise and marketing changes this year, following a year that was focused more on price and inventory adjustments. If content and promotional changes resonate with its customers this spring, it may yet get out of the penalty box.”
Kohls Corp traded up 0.16% on Friday, hitting $46.175. Kohls Corp has a 52-week low of $41.35 and a 52-week high of $55.25. The stock’s 50-day moving average is currently $45.16. The company has a market cap of $10.621 billion and a price-to-earnings ratio of 10.52.
Kohls Corp last announced its earnings results on Thursday, February 28th. The company reported $1.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.63 by $0.03. The company had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter in the prior year, the company posted $1.81 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Kohls Corp has set its Q1 guidance at $0.55-0.63 EPS and its FY14 guidance at $4.15-4.45 EPS. Analysts expect that Kohls Corp will post $4.54 EPS for the current fiscal year.
A number of other firms have also recently commented on KSS. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Kohls Corp in a research note to investors on Friday. They now have a $42.00 price target on the stock. Separately, analysts at Macquarie reiterated an “underperform” rating on shares of Kohls Corp in a research note to investors on Tuesday. They now have a $38.00 price target on the stock. Finally, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Kohls Corp in a research note to investors on Thursday, February 21st. They now have a $53.00 price target on the stock.
Eight research analysts have rated the stock with a buy rating, one has given an overweight rating, thirteen have given a hold rating, one has issued an underweight rating, and one has issued a sell rating to the company. The company has a consensus rating of “overweight” and an average price target of $48.75.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 27th. Investors of record on Wednesday, March 13th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.04%.
Kohl’s Corporation (Kohl’s) operate family-oriented department stores that sells apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows, and housewares.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.