Kohl’s Corp. Receives a Hold from MKM Partners

By Ryan Adsit

MKM Partners analyst Patrick Mckeever reiterated a Hold rating on Kohl’s Corp. (NYSE: KSS) on November 11 and set a price target of $50. The company’s shares closed last Friday at $53.22, close to its 52-week high of $53.87.

According to TipRanks.com, Mckeever is a 4-star analyst with an average return of 4.4% and a 60.2% success rate. Mckeever covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Wal-Mart Stores, and Dollar General.

Currently, the analyst consensus on Kohl’s Corp. is Hold and the average price target is $50.50, representing a -5.1% downside.

In a report issued on November 10, UBS also reiterated a Hold rating on the stock with a $50 price target.

Based on Kohl’s Corp.’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $4.33 billion and quarterly net profit of $146 million. In comparison, last year the company earned revenue of $4.43 billion and had a net profit of $120 million.

Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2016, Kevin Mansell, the Chairman, President, CEO of KSS sold 50,000 shares for a total of $2,341,000.

Kohl’s Corp. owns and operates family-oriented department stores. It offers exclusive brand apparel, shoes, accessories and home & beauty products through its department stores. The company’s stores offer apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows and house wares targeted to middle-income customers. Its stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences. Kohl’s was founded in 1962 and is headquartered in Menomonee Falls, WI.