Brokerages expect that Kohl’s Co. (NYSE:KSS) will report earnings of $1.62 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Kohl’s’ earnings, with estimates ranging from $1.48 to $1.79. Kohl’s posted earnings of $1.24 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.6%. The firm is scheduled to issue its next quarterly earnings results on Thursday, August 9th.
On average, analysts expect that Kohl’s will report full year earnings of $5.35 per share for the current year, with EPS estimates ranging from $4.98 to $6.30. For the next year, analysts anticipate that the company will post earnings of $5.71 per share, with EPS estimates ranging from $4.50 to $7.55. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Kohl’s.
Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, May 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.14. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.96 billion. Kohl’s had a return on equity of 14.28% and a net margin of 4.46%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share.
Several brokerages have issued reports on KSS. JPMorgan Chase & Co. increased their price target on Kohl’s to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, June 6th. Credit Suisse Group increased their price target on Kohl’s from $64.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, June 7th. ValuEngine lowered Kohl’s from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Cowen reiterated a “buy” rating and issued a $76.00 price target on shares of Kohl’s in a report on Monday, April 9th. Finally, MKM Partners set a $67.00 price target on Kohl’s and gave the stock a “hold” rating in a report on Tuesday, May 15th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $66.41.
In related news, insider Richard D. Schepp sold 42,840 shares of Kohl’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $65.50, for a total transaction of $2,806,020.00. Following the sale, the insider now directly owns 199,100 shares in the company, valued at $13,041,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard D. Schepp sold 15,000 shares of Kohl’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $78.52, for a total value of $1,177,800.00. Following the sale, the insider now owns 161,050 shares in the company, valued at $12,645,646. The disclosure for this sale can be found here. Insiders sold 113,279 shares of company stock worth $7,778,729 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Flippin Bruce & Porter Inc. lifted its holdings in Kohl’s by 0.4% during the first quarter. Flippin Bruce & Porter Inc. now owns 231,855 shares of the company’s stock worth $15,189,000 after acquiring an additional 860 shares during the period. Arizona State Retirement System increased its position in Kohl’s by 2.2% in the fourth quarter. Arizona State Retirement System now owns 42,712 shares of the company’s stock worth $2,316,000 after buying an additional 900 shares during the last quarter. Hourglass Capital LLC increased its position in Kohl’s by 22.2% in the first quarter. Hourglass Capital LLC now owns 5,500 shares of the company’s stock worth $360,000 after buying an additional 1,000 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in Kohl’s by 3.9% in the first quarter. Xact Kapitalforvaltning AB now owns 30,646 shares of the company’s stock worth $2,008,000 after buying an additional 1,164 shares during the last quarter. Finally, Westpac Banking Corp increased its position in Kohl’s by 11.0% in the first quarter. Westpac Banking Corp now owns 12,839 shares of the company’s stock worth $841,000 after buying an additional 1,270 shares during the last quarter.
Shares of Kohl’s opened at $72.93 on Friday, Marketbeat reports. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 2.07 and a beta of 1.27. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.44 and a current ratio of 1.76. Kohl’s has a 52-week low of $36.21 and a 52-week high of $79.92.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 27th. Stockholders of record on Wednesday, June 13th will be issued a $0.61 dividend. The ex-dividend date is Tuesday, June 12th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.35%. Kohl’s’s dividend payout ratio is presently 58.23%.
Kohl’s Company Profile
Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.
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