Zacks: Brokerages Expect Kohl’s (KSS) to Post $0.49 Earnings Per Share

Equities research analysts expect Kohl’s (NYSE:KSS) to report earnings of $0.49 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Kohl’s’ earnings, with estimates ranging from $0.39 to $0.63. Kohl’s reported earnings per share of $0.39 during the same quarter last year, which would suggest a positive year-over-year growth rate of 25.6%. The company is scheduled to report its next earnings results on Thursday, May 10th.

According to Zacks, analysts expect that Kohl’s will report full year earnings of $5.25 per share for the current year, with EPS estimates ranging from $4.82 to $6.30. For the next year, analysts anticipate that the business will post earnings of $5.55 per share, with EPS estimates ranging from $4.15 to $7.55. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Kohl’s.

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Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Thursday, March 1st. The company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.10. The business had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.74 billion. Kohl’s had a return on equity of 13.73% and a net margin of 4.50%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 earnings per share.

A number of brokerages have recently issued reports on KSS. Robert W. Baird reaffirmed a “buy” rating and set a $61.00 price target on shares of Kohl’s in a research report on Tuesday, January 9th. ValuEngine downgraded Kohl’s from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Telsey Advisory Group reissued an “outperform” rating and issued a $55.00 target price (up from $50.00) on shares of Kohl’s in a research report on Tuesday, January 9th. BMO Capital Markets reissued a “market perform” rating on shares of Kohl’s in a research report on Monday, March 5th. Finally, Cowen reissued a “hold” rating and issued a $66.00 target price on shares of Kohl’s in a research report on Friday, March 2nd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $59.96.

In other news, Director Stephen E. Watson sold 18,340 shares of the stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $66.37, for a total transaction of $1,217,225.80. Following the sale, the director now directly owns 12,213 shares of the company’s stock, valued at approximately $810,576.81. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kevin Mansell sold 142,552 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $64.20, for a total transaction of $9,151,838.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 310,006 shares of company stock worth $20,025,940. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of KSS. Amundi Pioneer Asset Management Inc. purchased a new position in Kohl’s in the 4th quarter worth approximately $133,005,000. Alps Advisors Inc. purchased a new position in Kohl’s in the 4th quarter worth approximately $52,200,000. BlackRock Inc. lifted its stake in Kohl’s by 3.8% in the 4th quarter. BlackRock Inc. now owns 18,729,042 shares of the company’s stock worth $1,015,677,000 after purchasing an additional 680,124 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in Kohl’s by 51.0% in the 4th quarter. TIAA CREF Investment Management LLC now owns 1,164,517 shares of the company’s stock worth $63,152,000 after purchasing an additional 393,145 shares in the last quarter. Finally, W. E. Donoghue & Co. LLC purchased a new position in Kohl’s in the 4th quarter worth approximately $19,073,000.

Shares of KSS stock traded up $0.50 during trading hours on Friday, reaching $60.62. 317,280 shares of the company’s stock were exchanged, compared to its average volume of 4,011,098. The company has a market cap of $10,280.21, a PE ratio of 14.35, a PEG ratio of 1.75 and a beta of 1.27. The company has a current ratio of 2.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81. Kohl’s has a fifty-two week low of $35.16 and a fifty-two week high of $69.48.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th were paid a dividend of $0.61 per share. This is a positive change from Kohl’s’s previous quarterly dividend of $0.55. This represents a $2.44 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Tuesday, March 13th. Kohl’s’s dividend payout ratio is presently 58.23%.

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About Kohl’s

Kohl's Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online through Website Kohls.com. As of January 28, 2017, it operated 1,154 department stores, 12 FILA outlets, and 3 Off-Aisle clearance centers.

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Earnings History and Estimates for Kohl`s (NYSE:KSS)

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