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Kohl’s Corp (KSS) Gets a Buy Rating from Merrill Lynch


In a report released today, Lorraine Hutchinson from Merrill Lynch maintained a Buy rating on Kohl’s Corp (NYSE: KSS), with a price target of $90. The company’s shares closed yesterday at $70.94.

Hutchinson has an average return of 3.5% when recommending Kohl’s Corp.

According to TipRanks.com, Hutchinson is ranked #2849 out of 4909 analysts.

Currently, the analyst consensus on Kohl’s Corp is a Hold with an average price target of $79.38, which is an 11.9% upside from current levels. In a report issued on October 4, Cowen & Co. also reiterated a Buy rating on the stock with a $92 price target.

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Based on Kohl’s Corp’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $4.57 billion and net profit of $292 million. In comparison, last year the company earned revenue of $4.14 billion and had a net profit of $208 million.

Based on the recent corporate insider activity of 133 insiders, corporate insider sentiment is negative on the stock. Last month, Stephanie Streeter, a Director at KSS sold 4,776 shares for a total of $389,244.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. Its 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.