Wedbush Brokers Cut Earnings Estimates for Kohl’s Co. (KSS)

Kohl’s Co. (NYSE:KSS) – Wedbush reduced their Q3 2020 earnings per share (EPS) estimates for shares of Kohl’s in a note issued to investors on Tuesday, May 21st. Wedbush analyst J. Redding now anticipates that the company will post earnings of $0.90 per share for the quarter, down from their previous forecast of $1.04. Wedbush currently has a “Neutral” rating and a $58.00 target price on the stock. Wedbush also issued estimates for Kohl’s’ Q4 2020 earnings at $2.27 EPS and FY2021 earnings at $6.29 EPS.

Kohl’s (NYSE:KSS) last announced its 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). Kohl’s had a return on equity of 16.74% and a net margin of 3.91%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year.

Other research analysts have also recently issued reports about the stock. Guggenheim reaffirmed a “buy” rating and set a $80.00 target price on shares of Kohl’s in a report on Tuesday, March 5th. Bank of America reaffirmed a “buy” rating and set a $80.00 target price on shares of Kohl’s in a report on Wednesday, March 13th. Zacks Investment Research raised shares of Kohl’s from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Tuesday, March 12th. Jefferies Financial Group lowered their target price on shares of Kohl’s from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Deutsche Bank lowered their target price on shares of Kohl’s from $71.00 to $59.00 and set a “hold” rating on the stock in a report on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Kohl’s currently has an average rating of “Hold” and a consensus target price of $71.97.

Shares of KSS opened at $51.12 on Thursday. Kohl’s has a 12 month low of $53.01 and a 12 month high of $83.28. The company has a market cap of $8.72 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77. The company has a current ratio of 1.66, a quick ratio of 0.50 and a debt-to-equity ratio of 1.06.

The company also recently disclosed 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. The ex-dividend date is Tuesday, June 11th. This represents a $2.68 dividend on an annualized basis and a yield of 5.24%. Kohl’s’s dividend payout ratio (DPR) is 47.86%.

Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC increased its stake in Kohl’s by 136.5% in the fourth quarter. Acadian Asset Management LLC now owns 1,783 shares of the company’s stock valued at $118,000 after acquiring an additional 1,029 shares during the last quarter. SG Americas Securities LLC increased its stake in Kohl’s by 87.0% in the fourth quarter. SG Americas Securities LLC now owns 469,361 shares of the company’s stock valued at $31,137,000 after acquiring an additional 218,330 shares during the last quarter. Hallmark Capital Management Inc. bought a new position in Kohl’s in the fourth quarter valued at approximately $1,104,000. State of Tennessee Treasury Department increased its stake in Kohl’s by 126.4% in the fourth quarter. State of Tennessee Treasury Department now owns 188,372 shares of the company’s stock valued at $12,497,000 after acquiring an additional 105,157 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Kohl’s by 9.8% in the fourth quarter. Stifel Financial Corp now owns 169,495 shares of the company’s stock valued at $11,250,000 after acquiring an additional 15,068 shares during 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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Earnings History and Estimates for Kohl`s (NYSE:KSS)

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