Piper Jaffray Companies Reiterates Hold Rating for Kohl's Corporation (KSS)

Kohl's has beaten top as well as bottom line estimates with its second quarter results

The company said it had $1.24 in earnings per share (EPS) and $4.14 billion in revenue, which compares with consensus estimates from Thomson Reuters of $1.19 in EPS and revenue $4.12 billion. Kohl's Corporation also saw some unusual options trading activity on Wednesday. The brokerage now has a "hold" rating on the stock. Weaver C. Barksdale & Associates Inc. now owns 27,191 shares of the company's stock worth $1,082,000 after buying an additional 10,430 shares during the period. The dividend payment was $0.550 per share for the quarter or $2.20 on an annualized basis. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

Among 20 analysts covering Kohl's Corporation (NYSE:KSS), 6 have Buy rating, 4 Sell and 10 Hold. BLB&B Advisors LLC's holdings in Kohl's Corporation were worth $328,000 at the end of the most recent reporting period. Citigroup initiated the stock with "Neutral" rating in Wednesday, October 7 report. However, in the trailing four quarters, excluding quarter under review, the company exceeded the Zacks Consensus Estimate by an average of almost 21.3%. California-based Los Angeles Mgmt And Equity Research has invested 0.1% in Kohl's Corporation (NYSE:KSS). CENTRAL TRUST Co raised its stake in shares of Kohl's Corporation by 68.6% in the second quarter. Cambridge Investment Research Advisors Inc. increased its stake in Kohl's Corporation by 30.0% in the first quarter. Skechers USA Inc. (SKX) had the strongest improvement at Kohl's compared to the first quarter, he added. Jefferies Group LLC reduced their price target on shares of Kohl's Corporation from $54.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, May 9th. The value of the total investment in Kohl's Corporation decreased from $75,363,000 to $58,592,000 decreasing 22.3% since the last quarter. These efforts have included shrinking hundreds of stores rather than closing them, on the bet that Kohl's needs some presence near its customers to offer online order pickup or to fill e-commerce orders, but perhaps doesn't need sprawling emporia everywhere. 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 period. The stock's average target of $321.75 is 17.57% above today's ($273.66) share price. With the help of more refined planning and demand forecast tools, it still has what it needs on hand, but can lower the risk of having to sell clearance leftover merchandise. The stock declined 5.53% or $2.32 reaching $39.63 per share. Instinet reaffirmed a "buy" rating and set a $51.00 target price (up from $41.00) on shares of Kohl's Corporation in a report on Thursday. Investors should note that these figures take out stock option expenses. Volume was up 708.82% over the stocks average daily volume.

The company is so far trading down from yesterday's close of $41.93.

More news: Nvidia trounces estimates for earnings and revenue, shares still tank

Earnings: KSS posted adjusted earnings of $1.24 per share, beating our consensus of $1.19 per share. Botty Investors LLC increased its position in shares of Kohl's Corporation by 0.8% in the first quarter. Telsey Advisory Group maintained Kohl's Corporation (NYSE:KSS) on Friday, February 24 with "Market Perform" rating. If you are accessing this piece on another website, it was copied illegally and reposted in violation of USA and global copyright and trademark legislation. Berkshire Asset Management LLC PA now owns 79,292 shares of the company's stock worth $3,157,000 after buying an additional 8,522 shares during the last quarter. Security National Tru Com owns 0% invested in Kohl's Corporation (NYSE:KSS) for 225 shares. Eubel Brady & Suttman Asset Management Inc owns 230,473 shares or 3.42% of their United States portfolio. The correct version of this story can be read at https://www.baseball-news-blog.com/2017/08/10/public-employees-retirement-system-of-ohio-lowers-position-in-kohls-corporation-nysekss-updated-updated-updated.html. Kohl's Corporation has a consensus rating of "Hold" and a consensus target price of $43.07.

Department stores have been shutting down hundreds of stores following years of declines in sales and traffic. Finally, BidaskClub upgraded shares of Kohl's Corporation from a "sell" rating to a "hold" rating in a report on Wednesday, July 5th. 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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