Equities research analysts forecast that Kohl's Co. (NYSE:KSS) will report $3.95 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Kohl's’ earnings, with the highest sales estimate coming in at $4.00 billion and the lowest estimate coming in at $3.93 billion. Kohl's reported sales of $3.84 billion during the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The firm is scheduled to announce its next earnings report on Thursday, May 10th.
According to Zacks, analysts expect that Kohl's will report full year sales of $3.95 billion for the current fiscal year, with estimates ranging from $18.79 billion to $19.71 billion. For the next financial year, analysts expect that the business will post sales of $19.38 billion per share, with estimates ranging from $18.51 billion to $20.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Kohl's.
Kohl's (NYSE:KSS) last posted its quarterly earnings results on Thursday, March 1st. The company reported $1.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.10. The company had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.74 billion. Kohl's had a net margin of 4.50% and a return on equity of 13.73%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 earnings per share.
Kohl's (NYSE KSS) opened at $64.11 on Wednesday. The firm has a market cap of $10,770.00, a PE ratio of 14.84, a P/E/G ratio of 1.80 and a beta of 1.27. The company has a current ratio of 2.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81. Kohl's has a 1 year low of $35.16 and a 1 year high of $69.48.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th will be given a $0.61 dividend. This is a positive change from Kohl's’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Tuesday, March 13th. Kohl's’s dividend payout ratio (DPR) is 50.93%.
In other news, Director Stephanie A. Streeter sold 4,173 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $53.85, for a total value of $224,716.05. Following the completion of the transaction, the director now directly owns 21,960 shares in the company, valued at $1,182,546. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter Boneparth sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $66.18, for a total transaction of $496,350.00. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in KSS. Cerebellum GP LLC bought a new position in shares of Kohl's in the fourth quarter valued at approximately $121,000. Focused Wealth Management Inc purchased a new stake in Kohl's in the fourth quarter valued at approximately $201,000. CIBC World Markets Inc. purchased a new stake in Kohl's in the fourth quarter valued at approximately $202,000. Calton & Associates Inc. purchased a new stake in Kohl's in the fourth quarter valued at approximately $202,000. Finally, Keybank National Association OH purchased a new stake in Kohl's in the third quarter valued at approximately $207,000.
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Kohl's Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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