Kohl's Co. (KSS) Expected to Post Earnings of $1.45 Per Share
Equities analysts forecast that Kohl's Co. (NYSE:KSS) will announce earnings of $1.45 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Kohl's’ earnings. The highest EPS estimate is $1.64 and the lowest is $1.30. Kohl's posted earnings of $1.44 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 0.7%. The company is scheduled to report its next earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Kohl's will report full-year earnings of $3.73 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.95. For the next financial year, analysts forecast that the company will post earnings of $3.65 per share, with EPS estimates ranging from $3.05 to $4.05. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Kohl's.
Kohl's (NYSE:KSS) last released its earnings results on Thursday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.02). Kohl's had a net margin of 3.47% and a return on equity of 12.72%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm earned $0.80 EPS. The firm’s revenue was up .1% on a year-over-year basis.
Several research analysts have weighed in on KSS shares. Gordon Haskett upgraded shares of Kohl's from a “hold” rating to an “accumulate” rating in a report on Thursday, November 9th. TheStreet upgraded shares of Kohl's from a “c+” rating to a “b-” rating in a report on Monday, August 14th. Jefferies Group restated a “buy” rating and set a $50.00 price objective (up previously from $48.00) on shares of Kohl's in a report on Friday, August 11th. Instinet restated a “buy” rating and set a $51.00 price objective (up previously from $41.00) on shares of Kohl's in a report on Thursday, August 10th. Finally, BidaskClub upgraded shares of Kohl's from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $42.74.
Kohl's (KSS) opened at $47.70 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 1.63. Kohl's has a 1 year low of $35.16 and a 1 year high of $59.67. The stock has a market cap of $7,756.36, a price-to-earnings ratio of 12.20, a P/E/G ratio of 1.84 and a beta of 1.22.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.20 annualized dividend and a dividend yield of 4.61%. Kohl's’s payout ratio is 58.36%.
In other news, Director Jonas Prising bought 4,725 shares of Kohl's stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average price of $42.35 per share, for a total transaction of $200,103.75. Following the purchase, the director now directly owns 8,661 shares in the company, valued at approximately $366,793.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of KSS. Shelton Capital Management grew its position in Kohl's by 9.3% during the third quarter. Shelton Capital Management now owns 117,387 shares of the company’s stock valued at $5,359,000 after buying an additional 10,000 shares during the period. Steward Partners Investment Advisory LLC bought a new position in Kohl's during the third quarter valued at about $221,000. GSA Capital Partners LLP bought a new position in Kohl's during the third quarter valued at about $617,000. Belpointe Asset Management LLC bought a new position in Kohl's during the third quarter valued at about $512,000. Finally, IFM Investors Pty Ltd bought a new position in Kohl's during the third quarter valued at about $281,000.
Kohl's Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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