Brokerages expect that Kohl’s Co. (NYSE:KSS) will post earnings per share of $1.62 for the current quarter, according to Zacks. Five analysts have made estimates for Kohl’s’ earnings, with estimates ranging from $1.48 to $1.79. Kohl’s posted earnings of $1.24 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 30.6%. The firm is scheduled to announce its next 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 fiscal year, analysts expect that the company will post earnings of $5.71 per share, with EPS estimates ranging from $4.50 to $7.55. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Kohl’s.
Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, May 22nd. The company reported $0.64 earnings per share for the quarter, beating 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%. Kohl’s’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share.
Several equities analysts have commented on the company. UBS Group assumed coverage on Kohl’s in a research report on Thursday, June 21st. They issued a “neutral” rating and a $75.00 target price for the company. Citigroup downgraded Kohl’s from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a research report on Thursday, June 14th. Robert W. Baird increased their target price on Kohl’s from $73.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, June 8th. Guggenheim reiterated a “buy” rating on shares of Kohl’s in a research report on Friday, June 8th. Finally, Susquehanna Bancshares reiterated a “neutral” rating on shares of Kohl’s in a research report on Thursday, June 7th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $66.41.
In other Kohl’s news, insider Richard D. Schepp sold 5,121 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $65.29, for a total value of $334,350.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard D. Schepp sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $78.52, for a total value of $1,177,800.00. Following the completion of the sale, the insider now directly owns 161,050 shares of the company’s stock, valued at approximately $12,645,646. The disclosure for this sale can be found here. Insiders have sold 66,266 shares of company stock valued at $4,699,753 in the last ninety days. 1.20% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in KSS. Millennium Management LLC grew its stake in Kohl’s by 7,904.4% in the first quarter. Millennium Management LLC now owns 2,931,723 shares of the company’s stock valued at $192,057,000 after acquiring an additional 2,969,288 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in Kohl’s in the fourth quarter valued at approximately $133,005,000. Robeco Institutional Asset Management B.V. grew its stake in Kohl’s by 186.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 2,251,147 shares of the company’s stock valued at $147,471,000 after acquiring an additional 1,464,977 shares during the period. Prudential Financial Inc. grew its stake in Kohl’s by 96.9% in the first quarter. Prudential Financial Inc. now owns 1,580,160 shares of the company’s stock valued at $103,516,000 after acquiring an additional 777,483 shares during the period. Finally, BlackRock Inc. grew its stake in Kohl’s by 3.8% in the fourth quarter. BlackRock Inc. now owns 18,729,042 shares of the company’s stock valued at $1,015,677,000 after acquiring an additional 680,124 shares during the period.
Kohl’s stock traded up $0.31 during trading hours on Friday, hitting $74.06. The stock had a trading volume of 202,293 shares, compared to its average volume of 4,064,725. The company has a current ratio of 1.76, a quick ratio of 0.44 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $12.42 billion, a PE ratio of 17.55, a P/E/G ratio of 2.08 and a beta of 1.27. Kohl’s has a one year low of $36.21 and a one year high of $79.92.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 27th. Investors of record on Wednesday, June 13th were paid a dividend of $0.61 per share. The ex-dividend date was Tuesday, June 12th. This represents a $2.44 annualized dividend and a yield of 3.29%. Kohl’s’s dividend payout ratio is currently 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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