Equities research analysts expect Kohl’s Co. (NYSE:KSS) to post $4.48 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Kohl’s’ earnings, with the highest sales estimate coming in at $4.57 billion and the lowest estimate coming in at $4.44 billion. Kohl’s reported sales of $4.57 billion during the same quarter last year, which indicates a negative year over year growth rate of 2%. The company is scheduled to report its next earnings results on Tuesday, August 20th.
On average, analysts expect that Kohl’s will report full-year sales of $19.93 billion for the current year, with estimates ranging from $18.98 billion to $20.20 billion. For the next financial year, analysts forecast that the business will report sales of $20.03 billion, with estimates ranging from $18.79 billion to $20.39 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Kohl’s.
Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, May 21st. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.06). Kohl’s had a return on equity of 16.74% and a net margin of 3.91%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Kohl’s’s quarterly revenue was down 3.3% on a year-over-year basis.
Several equities research analysts recently weighed in on KSS shares. Guggenheim reaffirmed a “buy” rating and set a $80.00 price objective on shares of Kohl’s in a research report on Tuesday, March 5th. UBS Group lowered their price objective on Kohl’s to $57.00 and set a “neutral” rating for the company in a research note on Friday. Bank of America reissued a “buy” rating and set a $80.00 target price on shares of Kohl’s in a research report on Wednesday, March 13th. Citigroup decreased their target price on shares of Kohl’s from $71.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut Kohl’s from an “overweight” rating to a “neutral” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. Kohl’s presently has an average rating of “Hold” and an average target price of $71.97.
Shares of Kohl’s stock opened at $51.15 on Tuesday. Kohl’s has a 52-week low of $53.01 and a 52-week high of $83.28. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.66 and a quick ratio of 0.50. The stock has a market capitalization of $8.72 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Tuesday, June 11th. Kohl’s’s dividend payout ratio (DPR) is presently 47.86%.
Institutional investors and hedge funds have recently modified their holdings of the business. Truehand Inc purchased a new stake in shares of Kohl’s during the fourth quarter worth about $26,000. Loeb Partners Corp bought a new stake in shares of Kohl’s in the 4th quarter valued at approximately $28,000. Cullen Frost Bankers Inc. bought a new stake in shares of Kohl’s during the 1st quarter worth approximately $33,000. Princeton Capital Management LLC lifted its stake in shares of Kohl’s by 94.3% during the 1st quarter. Princeton Capital Management LLC now owns 544 shares of the company’s stock worth $37,000 after acquiring an additional 264 shares during the last quarter. Finally, Liberty Wealth Management LLC bought a new stake in shares of Kohl’s during the 4th quarter worth approximately $36,000.
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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