Kohl’s (KSS) Expected to Announce Earnings of $0.49 Per Share

Equities research analysts expect that Kohl’s (NYSE:KSS) will report $0.49 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for Kohl’s’ earnings. The highest EPS estimate is $0.63 and the lowest is $0.39. Kohl’s reported earnings of $0.39 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 25.6%. The firm is expected to issue its next earnings results on Thursday, May 10th.

According to Zacks, analysts expect that Kohl’s will report full-year earnings of $5.25 per share for the current financial year, with EPS estimates ranging from $4.82 to $6.30. For the next financial year, analysts forecast that the business will post earnings of $5.55 per share, with EPS estimates ranging from $4.15 to $7.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Kohl’s.

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Kohl’s (NYSE:KSS) last issued its earnings results on Thursday, March 1st. The company reported $1.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.10. Kohl’s had a net margin of 4.50% and a return on equity of 13.73%. The company had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.74 billion. During the same quarter in the previous year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year.

Several brokerages have recently commented on KSS. Cowen restated a “buy” rating and issued a $76.00 target price on shares of Kohl’s in a research note on Monday, April 9th. ValuEngine downgraded shares of Kohl’s from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. Credit Suisse Group began coverage on shares of Kohl’s in a research note on Monday, March 12th. They issued an “outperform” rating and a $72.00 target price on the stock. Robert W. Baird upgraded shares of Kohl’s from a “neutral” rating to a “buy” rating in a research note on Friday, March 9th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Kohl’s in a research note on Monday, March 5th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.96.

In other news, Director Stephen E. Watson sold 4,173 shares of the company’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $65.41, for a total value of $272,955.93. Following the completion of the sale, the director now directly owns 16,800 shares of the company’s stock, valued at approximately $1,098,888. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin Mansell sold 142,552 shares of the company’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $64.20, for a total value of $9,151,838.40. The disclosure for this sale can be found here. Insiders have sold a total of 310,006 shares of company stock valued at $20,025,940 over the last three months. Company insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Maverick Capital Ltd. grew its position in shares of Kohl’s by 286.9% in the 4th quarter. Maverick Capital Ltd. now owns 332,120 shares of the company’s stock valued at $18,011,000 after purchasing an additional 246,270 shares during the period. Macquarie Group Ltd. grew its position in shares of Kohl’s by 94.5% in the 4th quarter. Macquarie Group Ltd. now owns 60,100 shares of the company’s stock valued at $33,907,000 after purchasing an additional 29,200 shares during the period. Creative Planning boosted its position in Kohl’s by 37.4% during the 4th quarter. Creative Planning now owns 6,174 shares of the company’s stock worth $335,000 after acquiring an additional 1,681 shares during the last quarter. IFM Investors Pty Ltd acquired a new position in Kohl’s during the 3rd quarter worth approximately $281,000. Finally, Global Financial Private Capital LLC boosted its position in Kohl’s by 93.4% during the 4th quarter. Global Financial Private Capital LLC now owns 19,015 shares of the company’s stock worth $1,031,000 after acquiring an additional 9,185 shares during the last quarter.

Shares of NYSE:KSS traded up $0.50 on Friday, hitting $60.62. The stock had a trading volume of 317,280 shares, compared to its average volume of 4,011,098. Kohl’s has a twelve month low of $35.16 and a twelve month high of $69.48. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 2.01. The company has a market capitalization of $10,280.21, a PE ratio of 14.35, a P/E/G ratio of 1.75 and a beta of 1.27.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th were issued a dividend of $0.61 per share. This is a boost from Kohl’s’s previous quarterly dividend of $0.55. This represents a $2.44 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Tuesday, March 13th. Kohl’s’s payout ratio is currently 58.23%.

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Kohl’s Company Profile

Kohl's Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online through Website Kohls.com. As of January 28, 2017, it operated 1,154 department stores, 12 FILA outlets, and 3 Off-Aisle clearance centers.

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

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