Is Kohl’s (NYSE:KSS) Now a ‘Buy’? Why did JP Morgan Upgrade The Stock?

January 13, 2018 - By Michael Collier

  Is Kohl's (NYSE:KSS) Now a ‘Buy’? Why did JP Morgan Upgrade The Stock?

Investors sentiment increased to 0.94 in 2017 Q3. Its up 0.08, from 0.86 in 2017Q2. It is positive, as 46 investors sold Kohl's Corporation shares while 169 reduced holdings. 73 funds opened positions while 129 raised stakes. 175.28 million shares or 0.56% less from 176.27 million shares in 2017Q2 were reported.

Flippin Bruce And Porter reported 234,836 shares. Cornerstone Advsrs has 40 shares. Peddock Capital Advsrs Ltd Liability has invested 0.02% in Kohl's Corporation (NYSE:KSS). 211,089 were reported by Advisors Capital Mgmt Limited Liability Company. Pacad Inv Ltd has invested 0.4% in Kohl's Corporation (NYSE:KSS). Endurance Wealth Mngmt holds 0% in Kohl's Corporation (NYSE:KSS) or 130 shares. Oarsman has 103,406 shares for 2% of their portfolio. Utd Svcs Automobile Association, Texas-based fund reported 149,373 shares. Moreover, Morgan Stanley has 0.02% invested in Kohl's Corporation (NYSE:KSS). Moreover, Advisors Asset Management Inc has 0.21% invested in Kohl's Corporation (NYSE:KSS). Financial Bank Of New York Mellon holds 5.65M shares or 0.07% of its portfolio. Monetary Mgmt Gru Inc, Missouri-based fund reported 16,000 shares. Argi Services holds 0.05% or 16,271 shares. Fdx stated it has 27,910 shares. Meyer Handelman, a New York-based fund reported 7,600 shares.

Kohl’s (NYSE:KSS) Stock Upgrade

In analysts note issued to investors and clients today, JP Morgan increased shares of Kohl’s (NYSE:KSS) to a solid “Overweight” rating from their previous “Neutral” rating.

Investors sentiment increased to 0.94 in 2017 Q3. Its up 0.08, from 0.86 in 2017Q2. It is positive, as 46 investors sold Kohl's Corporation shares while 169 reduced holdings. 73 funds opened positions while 129 raised stakes. 175.28 million shares or 0.56% less from 176.27 million shares in 2017Q2 were reported.

Flippin Bruce And Porter reported 234,836 shares. Cornerstone Advsrs has 40 shares. Peddock Capital Advsrs Ltd Liability has invested 0.02% in Kohl's Corporation (NYSE:KSS). 211,089 were reported by Advisors Capital Mgmt Limited Liability Company. Pacad Inv Ltd has invested 0.4% in Kohl's Corporation (NYSE:KSS). Endurance Wealth Mngmt holds 0% in Kohl's Corporation (NYSE:KSS) or 130 shares. Oarsman has 103,406 shares for 2% of their portfolio. Utd Svcs Automobile Association, Texas-based fund reported 149,373 shares. Moreover, Morgan Stanley has 0.02% invested in Kohl's Corporation (NYSE:KSS). Moreover, Advisors Asset Management Inc has 0.21% invested in Kohl's Corporation (NYSE:KSS). Financial Bank Of New York Mellon holds 5.65M shares or 0.07% of its portfolio. Monetary Mgmt Gru Inc, Missouri-based fund reported 16,000 shares. Argi Services holds 0.05% or 16,271 shares. Fdx stated it has 27,910 shares. Meyer Handelman, a New York-based fund reported 7,600 shares.

Kohl's Corporation (NYSE:KSS) Ratings Coverage

Among 27 analysts covering Kohl’s Corporation (NYSE:KSS), 11 have Buy rating, 2 Sell and 14 Hold. Therefore 41% are positive. Kohl’s Corporation has $75 highest and $31 lowest target. $46.92’s average target is -26.54% below currents $63.87 stock price. Kohl’s Corporation had 90 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was upgraded by Robert W. Baird to “Outperform” on Friday, November 10. The firm has “Neutral” rating by Citigroup given on Wednesday, October 7. The stock of Kohl's Corporation (NYSE:KSS) earned “Market Perform” rating by Telsey Advisory Group on Thursday, January 5. The stock has “Underperform” rating by RBC Capital Markets on Thursday, January 5. The rating was maintained by Piper Jaffray on Thursday, September 14 with “Hold”. The stock of Kohl's Corporation (NYSE:KSS) earned “Buy” rating by Stifel Nicolaus on Friday, May 13. The firm has “Sell” rating given on Tuesday, October 3 by RBC Capital Markets. The firm has “Buy” rating by Jefferies given on Friday, August 12. Piper Jaffray maintained Kohl's Corporation (NYSE:KSS) rating on Wednesday, October 18. Piper Jaffray has “Hold” rating and $37.0 target. The stock of Kohl's Corporation (NYSE:KSS) has “Buy” rating given on Monday, December 18 by Jefferies.

The stock increased 4.50% or $2.75 during the last trading session, reaching $63.87. About 7.48M shares traded or 66.21% up from the average. Kohl's Corporation (NYSE:KSS) has risen 7.16% since January 13, 2017 and is uptrending. It has underperformed by 9.54% the S&P500.

Analysts await Kohl's Corporation (NYSE:KSS) to report earnings on February, 22. They expect $1.45 earnings per share, up 0.69 % or $0.01 from last year’s $1.44 per share. KSS’s profit will be $243.60M for 11.01 P/E if the $1.45 EPS becomes a reality. After $0.70 actual earnings per share reported by Kohl's Corporation for the previous quarter, Wall Street now forecasts 107.14 % EPS growth.

Kohl's Corporation operates department stores in the United States. The company has market cap of $10.73 billion. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. It has a 16.86 P/E ratio. The firm also sells its products online through Website Kohls.com.

More notable recent Kohl's Corporation (NYSE:KSS) news were published by: Seekingalpha.com which released: “Kohl’s Is Getting Pricey” on January 11, 2018, also Fool.com with their article: “Why Kohl’s Corporation Stock Rose 6% This Morning” published on January 12, 2018, Businesswire.com published: “Kohl’s Corporation Reports November/December Sales and Increases 2017 Diluted …” on January 08, 2018. More interesting news about Kohl's Corporation (NYSE:KSS) were released by: Seekingalpha.com and their article: “Kohl’s: Changing With The Times, Going Up” published on January 12, 2018 as well as Investorplace.com‘s news article titled: “Kohl’s Corporation Stock Is Getting Ready to Peak” with publication date: December 19, 2017.

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