Kohl’s Co. (NYSE:KSS) announced a quarterly dividend on Tuesday, May 21st, RTT News reports. Shareholders of record on Wednesday, June 12th will be given a dividend of 0.67 per share on Wednesday, June 26th. This represents a $2.68 annualized dividend and a dividend yield of 4.89%.
Kohl’s has raised its dividend payment by an average of 10.7% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Kohl’s has a dividend payout ratio of 49.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kohl’s to earn $6.24 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 42.9%.
Shares of KSS traded down $8.05 during mid-day trading on Tuesday, hitting $54.86. 6,959,837 shares of the company traded hands, compared to its average volume of 3,489,389. Kohl’s has a 1-year low of $58.66 and a 1-year high of $83.28. The company has a quick ratio of 0.50, a current ratio of 1.77 and a debt-to-equity ratio of 0.61. The company has a market cap of $10.38 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 1.08 and a beta of 0.77.
Several research firms have recently issued reports on KSS. Zacks Investment Research downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Bank of America restated a “buy” rating and set a $80.00 price objective on shares of Kohl’s in a report on Wednesday, March 13th. Guggenheim restated a “buy” rating and set a $80.00 price objective on shares of Kohl’s in a report on Tuesday, March 5th. Finally, Atlantic Securities upgraded shares of Kohl’s from an “underweight” rating to a “neutral” rating and set a $71.50 price objective on the stock in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $75.58.
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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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