Brokerages Expect Kohl’s Co. (NYSE:KSS) Will Post Earnings of $1.57 Per Share

Equities research analysts expect Kohl’s Co. (NYSE:KSS) to post earnings of $1.57 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Kohl’s’ earnings, with the highest EPS estimate coming in at $1.76 and the lowest estimate coming in at $1.46. Kohl’s reported earnings of $1.76 per share in the same quarter last year, which indicates a negative year over year growth rate of 10.8%. The firm is expected to announce its next earnings report on Tuesday, August 20th.

On average, analysts expect that Kohl’s will report full-year earnings of $5.33 per share for the current fiscal year, with EPS estimates ranging from $5.17 to $5.45. For the next year, analysts forecast that the business will post earnings of $5.62 per share, with EPS estimates ranging from $5.15 to $6.29. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Kohl’s.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, May 21st. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.06). The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Kohl’s had a return on equity of 16.74% and a net margin of 3.91%. Kohl’s’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share.

KSS has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Kohl’s from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Tuesday, March 12th. Bank of America reaffirmed a “buy” rating and set a $80.00 price objective on shares of Kohl’s in a report on Wednesday, March 13th. Jefferies Financial Group dropped their price objective on shares of Kohl’s from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, May 21st. JPMorgan Chase & Co. downgraded shares of Kohl’s from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 21st. Finally, ValuEngine downgraded shares of Kohl’s from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $69.67.

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in shares of Kohl’s by 136.5% during the fourth quarter. Acadian Asset Management LLC now owns 1,783 shares of the company’s stock valued at $118,000 after buying an additional 1,029 shares during the period. Stifel Financial Corp increased its position in shares of Kohl’s by 9.8% during the fourth quarter. Stifel Financial Corp now owns 169,495 shares of the company’s stock valued at $11,250,000 after buying an additional 15,068 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of Kohl’s by 1.7% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 453,300 shares of the company’s stock valued at $30,072,000 after buying an additional 7,600 shares during the period. Juncture Wealth Strategies LLC bought a new stake in shares of Kohl’s during the first quarter valued at about $220,000. Finally, TLW Wealth Management LLC bought a new stake in shares of Kohl’s during the first quarter valued at about $4,893,000.

Shares of NYSE:KSS traded up $0.03 during midday trading on Thursday, reaching $48.27. The company had a trading volume of 128,323 shares, compared to its average volume of 4,136,225. The stock has a 50 day simple moving average of $49.02. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.34 and a current ratio of 1.66. The stock has a market capitalization of $7.82 billion, a PE ratio of 8.62, a P/E/G ratio of 0.91 and a beta of 0.99. Kohl’s has a 52-week low of $45.21 and a 52-week high of $83.28.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 5.55%. The ex-dividend date was Tuesday, June 11th. Kohl’s’s dividend payout ratio is presently 47.86%.

About Kohl’s

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.

Featured Story: Net Margin

Get a free copy of the Zacks research report on Kohl’s (KSS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.