Kohl’s Corporation (KSS) To Go Ex-Dividend on March 18th

Kohl’s Corporation (NYSE:KSS) declared a quarterly dividend on Wednesday, February 25th. Investors of record on Wednesday, March 18th will be given a dividend of 0.125 per share on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, March 18th.

Kohl’s has decreased its dividend payment by an average of 0.1%per year over the last three years. Kohl’s has a dividend payout ratio of 98.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research 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 Price Performance

Shares of Kohl’s stock opened at $17.47 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.30 and a quick ratio of 0.12. Kohl’s has a one year low of $6.04 and a one year high of $25.22. The business’s 50 day simple moving average is $19.29 and its two-hundred day simple moving average is $17.95. The stock has a market capitalization of $1.96 billion, a P/E ratio of 10.16 and a beta of 1.44.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.29. Kohl’s had a net margin of 1.23% and a return on equity of 4.30%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter last year, the business earned $0.20 earnings per share. The business’s revenue was down 3.6% on a year-over-year basis. Analysts forecast that Kohl’s will post 1.3 EPS for the current year.

Insider Activity

In other news, CFO Jill Timm sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $22.75, for a total value of $568,750.00. Following the sale, the chief financial officer directly owned 335,561 shares of the company’s stock, valued at $7,634,012.75. The trade was a 6.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

Hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC increased its holdings in shares of Kohl’s by 98.5% during the fourth quarter. Corient Private Wealth LLC now owns 23,332 shares of the company’s stock valued at $456,000 after acquiring an additional 11,576 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Kohl’s during the 4th quarter valued at about $411,000. Fuller & Thaler Asset Management Inc. bought a new stake in Kohl’s during the 4th quarter valued at about $49,796,000. XTX Topco Ltd raised its holdings in Kohl’s by 182.2% in the fourth quarter. XTX Topco Ltd now owns 50,321 shares of the company’s stock worth $1,027,000 after buying an additional 32,490 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in shares of Kohl’s by 0.3% in the fourth quarter. Voloridge Investment Management LLC now owns 1,602,607 shares of the company’s stock worth $32,709,000 after buying an additional 4,757 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

About Kohl’s

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.