Analysts predict that Kohl’s Co. (NYSE:KSS) will post ($0.15) earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for Kohl’s’ earnings. The lowest EPS estimate is ($0.45) and the highest is $0.13. Kohl’s reported earnings per share of ($3.20) during the same quarter last year, which suggests a positive year-over-year growth rate of 95.3%. The company is expected to issue its next quarterly earnings results on Tuesday, May 18th.
According to Zacks, analysts expect that Kohl’s will report full-year earnings of $2.90 per share for the current year, with EPS estimates ranging from $2.60 to $3.35. For the next financial year, analysts forecast that the business will post earnings of $4.19 per share, with EPS estimates ranging from $3.53 to $4.81. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Kohl’s.
Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Monday, March 1st. The company reported $2.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $1.21. Kohl’s had a negative return on equity of 4.50% and a negative net margin of 1.45%. The company had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the previous year, the firm posted $1.99 EPS. Kohl’s’s revenue was down 10.1% compared to the same quarter last year.
A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Kohl’s from $38.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, January 4th. Robert W. Baird increased their price objective on shares of Kohl’s from $48.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, February 5th. Citigroup raised their target price on shares of Kohl’s from $56.00 to $67.00 in a research note on Wednesday, March 3rd. Telsey Advisory Group boosted their price objective on Kohl’s from $54.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 23rd. Finally, Cowen raised their target price on Kohl’s from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.28.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC increased its holdings in Kohl’s by 325.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 850 shares of the company’s stock worth $35,000 after purchasing an additional 650 shares during the period. Royal London Asset Management Ltd. purchased a new stake in Kohl’s during the 4th quarter worth about $35,000. Inspire Advisors LLC purchased a new position in shares of Kohl’s in the 4th quarter valued at about $44,000. DB Wealth Management Group LLC purchased a new stake in Kohl’s during the fourth quarter worth approximately $45,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Kohl’s in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 83.59% of the company’s stock.
KSS traded up $0.16 on Friday, hitting $59.41. 2,304,747 shares of the company’s stock were exchanged, compared to its average volume of 3,773,138. Kohl’s has a fifty-two week low of $15.04 and a fifty-two week high of $64.16. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of -38.08 and a beta of 2.04. The firm has a 50-day moving average price of $58.80 and a 200-day moving average price of $41.24. The company has a current ratio of 1.60, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Wednesday, March 17th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Tuesday, March 16th. Kohl’s’s payout ratio is 20.58%.
Kohl’s Company Profile
Kohl’s Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children; home products; beauty products; and accessories. The firm stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences.
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