Kohl's Co. (KSS) Expected to Announce Quarterly Sales of $6.40 Billion

Brokerages expect that Kohl's Co. (NYSE:KSS) will report $6.40 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Kohl's’ earnings, with the highest sales estimate coming in at $6.49 billion and the lowest estimate coming in at $6.34 billion. Kohl's posted sales of $6.21 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.1%. The firm is expected to report its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Kohl's will report full-year sales of $6.40 billion for the current year, with estimates ranging from $18.59 billion to $18.81 billion. For the next financial year, analysts forecast that the company will report sales of $18.48 billion per share, with estimates ranging from $17.88 billion to $18.73 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Kohl's.

Kohl's (NYSE:KSS) last posted 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). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.30 billion. Kohl's had a return on equity of 12.72% and a net margin of 3.47%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company posted $0.80 EPS.

A number of analysts recently issued reports on the stock. MKM Partners set a $48.00 target price on shares of Kohl's and gave the stock a “hold” rating in a research report on Thursday. Jefferies Group reissued a “buy” rating and set a $50.00 target price on shares of Kohl's in a research report on Wednesday, September 27th. Cowen reissued a “market perform” rating and set a $47.00 target price (up previously from $42.00) on shares of Kohl's in a research report on Thursday, September 21st. Robert W. Baird set a $57.00 target price on shares of Kohl's and gave the stock a “buy” rating in a research report on Monday, December 25th. Finally, Citigroup upped their price target on Kohl's from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, September 21st. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. Kohl's presently has a consensus rating of “Hold” and a consensus target price of $43.50.

Shares of Kohl's (KSS) opened at $54.36 on Friday. The stock has a market cap of $9,186.50, a P/E ratio of 14.50, a P/E/G ratio of 2.17 and a beta of 1.24. Kohl's has a 1 year low of $35.16 and a 1 year high of $57.28. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.88.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Tuesday, December 5th. Kohl's’s dividend payout ratio is presently 58.36%.

In other Kohl's news, Director Stephanie A. Streeter sold 4,173 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $53.85, for a total value of $224,716.05. Following the sale, the director now directly owns 21,960 shares of the company’s stock, valued at $1,182,546. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonas Prising bought 4,725 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was bought at an average cost of $42.35 per share, for a total transaction of $200,103.75. Following the completion of the transaction, the director now directly owns 8,661 shares of the company’s stock, valued at $366,793.35. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of KSS. Johnson Financial Group Inc. increased its holdings in shares of Kohl's by 0.3% during the second quarter. Johnson Financial Group Inc. now owns 3,305 shares of the company’s stock valued at $128,000 after purchasing an additional 10 shares during the period. Raymond James Trust N.A. acquired a new position in shares of Kohl's during the third quarter valued at $200,000. Keybank National Association OH acquired a new position in shares of Kohl's during the third quarter valued at $207,000. BB&T Investment Services Inc. acquired a new position in shares of Kohl's during the second quarter valued at $217,000. Finally, Ingalls & Snyder LLC acquired a new position in shares of Kohl's during the third quarter valued at $219,000.

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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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Earnings History and Estimates for Kohl's (NYSE:KSS)

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