Kohl’s Co. (NYSE:KSS) Announces Quarterly Dividend of $0.13

Kohl’s Co. (NYSE:KSS) announced a quarterly dividend on Wednesday, May 14th, RTT News reports. Stockholders of record on Wednesday, June 11th will be paid a dividend of 0.125 per share on Wednesday, June 25th. This represents a $0.50 annualized dividend and a dividend yield of 5.73%. The ex-dividend date of this dividend is Wednesday, June 11th.

Kohl’s has a payout ratio of 98.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Kohl’s to earn $1.22 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 41.0%.

Kohl’s Stock Performance

NYSE:KSS opened at $8.73 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The firm has a 50-day moving average of $7.37 and a two-hundred day moving average of $10.78. The stock has a market cap of $971.86 million, a P/E ratio of 3.93 and a beta of 1.66. Kohl’s has a 1-year low of $6.04 and a 1-year high of $24.83.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.09. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the firm posted ($0.24) EPS. The firm’s revenue was down 4.1% compared to the same quarter last year. On average, research analysts expect that Kohl’s will post 1.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kohl’s

Several hedge funds have recently made changes to their positions in KSS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Kohl’s by 14.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 489,708 shares of the company’s stock valued at $4,006,000 after purchasing an additional 60,769 shares in the last quarter. Caxton Associates LLP purchased a new stake in Kohl’s in the 1st quarter worth about $166,000. Finally, Baird Financial Group Inc. purchased a new stake in Kohl’s in the 1st quarter worth about $96,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

KSS has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Kohl’s from a “hold” rating to a “sell” rating in a research report on Sunday, June 1st. Telsey Advisory Group restated a “market perform” rating and issued a $9.00 target price on shares of Kohl’s in a research note on Thursday, May 29th. JPMorgan Chase & Co. boosted their price objective on Kohl’s from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Monday, May 19th. Evercore ISI reduced their target price on shares of Kohl’s from $9.00 to $8.00 and set an “in-line” rating for the company in a research note on Friday, May 2nd. Finally, Bank of America reduced their price objective on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. Eight equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.75.

Kohl’s Company Profile

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.