Equities research analysts expect Kohl’s Co. (NYSE:KSS) to announce sales of $4.48 billion for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Kohl’s’ earnings. The highest sales estimate is $4.57 billion and the lowest is $4.44 billion. Kohl’s posted sales of $4.57 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 2%. The business is expected to report its next quarterly earnings report on Tuesday, August 20th.
On average, analysts expect that Kohl’s will report full-year sales of $19.93 billion for the current fiscal year, with estimates ranging from $18.98 billion to $20.20 billion. For the next fiscal year, analysts anticipate that the company will post 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 research firms that follow Kohl’s.
Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, May 21st. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.06). The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.97 billion. Kohl’s had a return on equity of 16.74% and a net margin of 3.91%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share.
KSS has been the topic of several recent analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $80.00 price target on shares of Kohl’s in a research report on Tuesday, March 5th. Bank of America reaffirmed a “buy” rating and issued a $80.00 price target on shares of Kohl’s in a research report on Wednesday, March 13th. Zacks Investment Research raised Kohl’s from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Tuesday, March 12th. Jefferies Financial Group dropped their price target on Kohl’s from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Finally, Deutsche Bank dropped their price target on Kohl’s from $71.00 to $59.00 and set a “hold” rating on the stock in a research report on Wednesday, May 22nd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. Kohl’s currently has a consensus rating of “Hold” and a consensus target price of $69.67.
Shares of NYSE KSS opened at $47.97 on Thursday. The company has a current ratio of 1.66, a quick ratio of 0.34 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 0.90 and a beta of 1.06. Kohl’s has a 12 month low of $47.08 and a 12 month high of $83.28.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend is Tuesday, June 11th. Kohl’s’s dividend payout ratio is 47.86%.
A number of hedge funds have recently made changes to their positions in KSS. Oregon Public Employees Retirement Fund boosted its stake in Kohl’s by 5,066.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,708,774 shares of the company’s stock valued at $116,000 after buying an additional 7,559,552 shares in the last quarter. Norges Bank acquired a new stake in Kohl’s in the 4th quarter valued at $127,565,000. Maj Invest Holding A S acquired a new stake in Kohl’s in the 1st quarter valued at $112,085,000. Renaissance Technologies LLC boosted its stake in Kohl’s by 22.7% in the 1st quarter. Renaissance Technologies LLC now owns 4,839,144 shares of the company’s stock valued at $332,788,000 after buying an additional 896,282 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Kohl’s by 13.1% in the 4th quarter. Northern Trust Corp now owns 5,193,974 shares of the company’s stock valued at $344,568,000 after buying an additional 599,961 shares in the last quarter.
Kohl’s Company Profile
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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