Wall Street brokerages predict that Kohl’s Corporation (NYSE:KSS) will announce $4.30 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Kohl’s Corporation’s earnings, with the lowest sales estimate coming in at $4.27 billion and the highest estimate coming in at $4.34 billion. Kohl’s Corporation posted sales of $4.33 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 0.7%. The company is expected to announce its next quarterly earnings results on Thursday, November 9th.

On average, analysts expect that Kohl’s Corporation will report full year sales of $4.30 billion for the current fiscal year, with estimates ranging from $18.40 billion to $18.73 billion. For the next financial year, analysts forecast that the business will report sales of $18.35 billion per share, with estimates ranging from $18.03 billion to $18.80 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Kohl’s Corporation.

Kohl’s Corporation (NYSE:KSS) last issued its quarterly earnings results on Thursday, August 10th. The company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.05. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 earnings per share.

A number of equities research analysts have recently weighed in on the stock. ValuEngine raised shares of Kohl’s Corporation from a “hold” rating to a “buy” rating in a research note on Monday. Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Kohl’s Corporation in a research note on Wednesday, September 27th. Citigroup Inc. lifted their target price on shares of Kohl’s Corporation from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, September 21st. Cowen and Company reaffirmed a “market perform” rating and set a $47.00 target price (up previously from $42.00) on shares of Kohl’s Corporation in a research note on Thursday, September 21st. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $43.00 target price on shares of Kohl’s Corporation in a research note on Thursday, September 7th. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.55.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Kohl’s Corporation by 7.1% in the first quarter. Vanguard Group Inc. now owns 18,956,223 shares of the company’s stock worth $754,646,000 after purchasing an additional 1,254,285 shares in the last quarter. BlackRock Inc. increased its stake in shares of Kohl’s Corporation by 2,606.7% in the first quarter. BlackRock Inc. now owns 18,394,298 shares of the company’s stock worth $732,277,000 after purchasing an additional 17,714,714 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Kohl’s Corporation by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 10,914,565 shares of the company’s stock worth $422,066,000 after purchasing an additional 186,046 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kohl’s Corporation by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,457,350 shares of the company’s stock worth $211,022,000 after purchasing an additional 647,469 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Kohl’s Corporation by 34.9% in the second quarter. Northern Trust Corp now owns 5,400,841 shares of the company’s stock worth $208,851,000 after purchasing an additional 1,396,006 shares in the last quarter.

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Shares of Kohl’s Corporation (KSS) traded down 1.92% during mid-day trading on Friday, reaching $43.42. 1,185,520 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $42.45 and a 200-day moving average price of $39.72. The stock has a market cap of $7.32 billion, a PE ratio of 11.11 and a beta of 1.19. Kohl’s Corporation has a one year low of $35.16 and a one year high of $59.67. Kohl’s Corporation also was the recipient of some unusual options trading activity on Tuesday. Investors acquired 3,975 put options on the company. This is an increase of approximately 225% compared to the typical daily volume of 1,222 put options.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were paid a $0.55 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.97%. Kohl’s Corporation’s dividend payout ratio (DPR) is presently 56.41%.

Kohl’s Corporation 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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Earnings History and Estimates for Kohl`s Corporation (NYSE:KSS)

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