Kohl’s Co. (NYSE:KSS) Expected to Announce Quarterly Sales of $4.48 Billion

Equities analysts expect that Kohl’s Co. (NYSE:KSS) will announce $4.48 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Kohl’s’ earnings. The highest sales estimate is $4.57 billion and the lowest is $4.44 billion. Kohl’s reported sales of $4.57 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 2%. The company is expected to announce its next quarterly earnings results on Tuesday, August 20th.

On average, analysts expect that Kohl’s will report full-year sales of $19.93 billion for the current financial year, with estimates ranging from $18.98 billion to $20.20 billion. For the next year, analysts anticipate that the business will post sales of $20.03 billion, with estimates ranging from $18.79 billion to $20.39 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Kohl’s.

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

A number of equities research analysts have issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $29.00 price target (down previously from $33.00) on shares of Urban Outfitters in a research report on Wednesday, May 22nd. Zacks Investment Research lowered Hammerson from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Deutsche Bank set a $33.00 target price on Urban Outfitters and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Jefferies Financial Group cut their target price 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, Atlantic Securities lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $42.00 target price on the stock. in a research report on Tuesday, June 4th. 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 stock. Kohl’s has a consensus rating of “Hold” and an average target price of $69.67.

KSS stock traded up $0.59 during mid-day trading on Friday, reaching $48.71. The company had a trading volume of 2,858,797 shares, compared to its average volume of 3,978,997. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.66 and a quick ratio of 0.34. The company has a market cap of $7.89 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 0.90 and a beta of 0.98. The company has a fifty day moving average of $48.38. Kohl’s has a fifty-two week low of $45.21 and a fifty-two week high of $83.28.

The firm also recently announced 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 5.50%. The ex-dividend date of this dividend was Tuesday, June 11th. Kohl’s’s dividend payout ratio (DPR) is presently 47.86%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN grew its stake in Kohl’s by 0.4% during the 1st quarter. Wells Fargo & Company MN now owns 3,293,372 shares of the company’s stock worth $226,483,000 after buying an additional 13,559 shares during the last quarter. Geode Capital Management LLC grew its stake in Kohl’s by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 2,939,284 shares of the company’s stock worth $194,900,000 after buying an additional 177,898 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Kohl’s by 6.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 2,848,859 shares of the company’s stock worth $195,916,000 after buying an additional 167,487 shares during the last quarter. Norges Bank purchased a new position in Kohl’s during the 4th quarter worth approximately $127,565,000. Finally, Amundi Pioneer Asset Management Inc. grew its stake in Kohl’s by 4.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,681,697 shares of the company’s stock worth $111,564,000 after buying an additional 67,997 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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