Published: Fri, August 11, 2017
Money | By Armando Alvarado

Kohl's Corporation (NYSE:KSS) Receives Consensus Rating of "Hold" from Brokerages

Kohl's Corporation (NYSE:KSS) Receives Consensus Rating of

CNBC reported that Kohl's figures beat analysts estimates of adjusted profit of $1.19 per share and revenue of $4.13 billion. Kohl's Corporation also saw unusually large options trading activity on Wednesday.

Analyst's ratings play a very important role in outlining a stock's performance. Gulf International Bank UK Ltd now owns 60,062 shares of the company's stock worth $2,391,000 after buying an additional 3,100 shares during the last quarter. Sumitomo Mitsui invested in 547,577 shares or 0.04% of the stock. Equities research analysts predict that Kohl's Corporation will post $3.68 EPS for the current year. Out of 8 Wall Street analysts rating Kohl's, 3 give it "Buy", 2 "Sell" rating, while 3 recommend "Hold". August 8 investment analysts at Deutsche Bank maintained a stock rating of "Hold" and moved down the price target from $45.00 to $39.00.

But Kohl's still has a long way to go to improve business, and its shares fell sharply Thursday - down more than 6% in mid-day trading - against the backdrop of disappointing earnings from other department stores including Macy's and Dillard's.

Among 3 analysts covering Towne Bank (NASDAQ:TOWN), 0 have Buy rating, 0 Sell and 3 Hold. However, in the trailing four quarters, excluding quarter under review, the company exceeded the Zacks Consensus Estimate by an average of almost 21.3%. Kohl's Corporation had a net margin of 3.25% and a return on equity of 13.29%.

At the end of Mar reporting period, 228 institutional holders increased their position in Kohl's Corporation (NYSE:KSS) by some 25,442,766 shares, 313 decreased positions by 23,411,989 and 73 held positions by 138,335,698. Exane Derivatives raised its stake in shares of Kohl's Corporation by 209.8% in the second quarter. The value of the investment in KSS decreased from $61,075,000 to $30,095,000 decreasing 50.7% since the last quarter.

Kohl's added four stores on net year over year, ending the quarter with 1,154 stores in 49 states. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Kohl's Corporation during the fourth quarter valued at about $282,000.

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Company chares are trading at $39.50 just a bit lower than $39.58, the 50 day moving average and which is marginally over the 200 day moving average of $39.38. C M Bidwell & Associates Ltd sold 22,730 shares as Kohls Corp (KSS)'s stock declined 10.79%. This represents a $2.20 annualized dividend and a dividend yield of 5.25%. Vetr downgraded Kohl's Corporation from a "strong-buy" rating to a "buy" rating and set a $40.78 price target on the stock.in a research report on Monday, May 15th.

Institutional investors now hold around $7.85 billion or 0% in KSS stock. 19,256,154 shares of the company were exchanged. Diluted earnings per share were $1.24 as compared to $0.77 the prior year. Botty Investors LLC increased its position in shares of Kohl's Corporation by 0.8% in the first quarter.

Kohl's Corporation (NYSE:KSS) to go ex-dividend.

On 8/02/2017, Jefferies & Co released a statement for Kohl's (NYSE:KSS) bumped up the target price from $0.00 to $48.00 that suggested an upside of 0.17%. If you are accessing this story on another publication, it was illegally stolen and republished in violation of USA and global copyright legislation. Finally, BidaskClub raised Kohl's Corporation from a "hold" rating to a "buy" rating in a research report on Wednesday, August 2nd. The correct version of this story can be accessed at https://transcriptdaily.com/2017/08/10/blbb-advisors-llc-continues-to-hold-position-in-kohls-corporation-kss-updated-updated.html.

Kohl's Corporation (Kohl's) is an operator of department stores. Cornerstone Investment Partners LLC now owns 24,865 shares of the company's stock worth $990,000 after buying an additional 2,870 shares during the period. The Company's stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.

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