Kohl’s Corp Receives a Buy from Guggenheim


Guggenheim analyst Robert Drbul assigned a Buy rating to Kohl’s Corp (NYSE: KSS) yesterday and set a price target of $75. The company’s shares closed yesterday at $60.61.

Drbul observed:

“We are encouraged by the results and believe KSS should be able to sustain positive comp store sales growth throughout the remainder of the year, with continued inventory discipline supporting healthy gross margins and an ongoing focus on expense control. We raise our $5.45/$5.75 (from $5.35/$5.65) and remain BUY-rated. Today was Michelle Gass’ first call as the new CEO. We were pleased to see KSS report a solid start to ’18 under Ms. 3rd consecutive quarter of comp growth and 9th straight quarter of inventory reductions, supporting healthy GM expansion. On the call, Ms.”

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 15.4% and a 79.1% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Lululemon Athletica Inc, and Ascena Retail Group.

Currently, the analyst consensus on Kohl’s Corp is Moderate Buy and the average price target is $65.44, representing a 8.0% upside.

In a report issued on May 21, Telsey Advisory also reiterated a Buy rating on the stock.

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Based on Kohl’s Corp’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $6.78 billion and net profit of $468 million. In comparison, last year the company earned revenue of $3.84 billion and had a net profit of $66 million.

Based on the recent corporate insider activity of 116 insiders, corporate insider sentiment is negative on the stock. Last month, Stephen Watson, a Director at KSS sold 18,340 shares for a total of $1,217,257.

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.

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