Kohl's Co. (KSS) Expected to Announce Quarterly Sales of $6.75 Billion

Wall Street brokerages forecast that Kohl's Co. (NYSE:KSS) will post $6.75 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Kohl's’ earnings, with estimates ranging from $6.68 billion to $6.80 billion. Kohl's posted sales of $6.21 billion in the same quarter last year, which would indicate a positive year over year growth rate of 8.7%. The company is scheduled to report its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Kohl's will report full year sales of $6.75 billion for the current year, with estimates ranging from $19.00 billion to $19.12 billion. For the next year, analysts expect that the firm will report sales of $18.90 billion per share, with estimates ranging from $18.27 billion to $19.11 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Kohl's.

Kohl's (NYSE:KSS) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). Kohl's had a return on equity of 12.72% and a net margin of 3.47%. 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 prior year, the firm earned $0.80 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis.

Several brokerages recently issued reports on KSS. Jefferies Group restated a “buy” rating and set a $100.00 price objective on shares of Kohl's in a research report on Friday. Zacks Investment Research upgraded Kohl's from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Wednesday, January 17th. Robert W. Baird set a $70.00 price objective on Kohl's and gave the stock a “buy” rating in a research report on Tuesday, January 16th. They noted that the move was a valuation call. BMO Capital Markets set a $60.00 price objective on Kohl's and gave the stock a “hold” rating in a research report on Friday, January 12th. Finally, Royal Bank of Canada upgraded Kohl's from an “underperform” rating to a “sector perform” rating and set a $60.00 price target for the company in a report on Friday, January 12th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $54.10.

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

Institutional investors have recently made changes to their positions in the stock. Raymond James Trust N.A. purchased a new stake in Kohl's during the 3rd quarter worth $200,000. Keybank National Association OH purchased a new stake in Kohl's during the 3rd quarter worth $207,000. VNBTrust National Association purchased a new stake in Kohl's during the 4th quarter worth $212,000. BB&T Investment Services Inc. purchased a new stake in Kohl's during the 2nd quarter worth $217,000. Finally, Ingalls & Snyder LLC purchased a new stake in Kohl's during the 3rd quarter worth $219,000.

Kohl's (KSS) opened at $67.54 on Monday. 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 12-month low of $35.16 and a 12-month high of $67.55. The stock has a market capitalization of $11,350.00, a P/E ratio of 17.92, a P/E/G ratio of 2.49 and a beta of 1.24.

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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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