Kohl's Corporation (KSS) was Initiated by RBC Capital Mkts to “Underperform” and the brokerage firm has set the Price Target at $42. RBC Capital Mkts advised their investors in a research report released on May 4, 2016.
Many Wall Street Analysts have commented on Kohl's Corporation. Miller Tabak Initiated Kohl's Corporation on Mar 31, 2016 to “Buy”, Price Target of the shares are set at $61.Company shares were Reiterated by Telsey Advisory Group on Feb 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 54 from a previous price target of $49 .Kohl's Corporation was Downgraded by Atlantic Equities to ” Underweight” on Feb 5, 2016.
On the company’s financial health, Kohl's Corporation reported $1.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $1.56. The company had revenue of $6387.00 million for the quarter, compared to analysts expectations of $6386.54 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 EPS.
Kohl's Corporation opened for trading at $44.64 and hit $45.13 on the upside on Monday, eventually ending the session at $45.07, with a gain of 1.74% or 0.77 points. The heightened volatility saw the trading volume jump to 19,51,797 shares. Company has a market cap of $8,346 M.
In a different news, on Mar 30, 2016, Wesley S Mcdonald (Chief Financial Officer) sold 1,645 shares at $46.99 per share price. According to the SEC, on Mar 3, 2016, Kevin Mansell (Chairman, President, CEO) sold 50,000 shares at $46.82 per share price. On Feb 24, 2016, Stephen E Watson (director) sold 7,500 shares at $45.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Kohl’s Corporation (Kohl’s) is a specialty department store. As of January 31 2015 the Company operated 1162 department stores in 49 states and an e-Commerce Website (www.Kohls.com). The Company sells private label and national brand apparel footwear accessories beauty and home products. The Company’s stores carry a merchandise assortment with differences attributable to regional preferences. The Company’s Website includes merchandise which is available in the stores as well as merchandise which is available only on-line. Its private brands include Apt. 9 Croft & Barrow Jumping Beans SO and Sonoma Life + Style. The Company’s exclusive brands consist of Food Network Jennifer Lopez Marc Anthony Rock & Republic and Simply Vera Vera Wang. It also offers products under the Fitbit IZOD Juicy Couture Gaiam Nespresso and PUMA brands as well as Jumping Beans collections featuring Disney characters. It also operates a nationwide loyalty program called Yes2You rewards.