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

Equities research analysts forecast that Kohl’s (NYSE:KSS) will report earnings of $0.49 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Kohl’s’ earnings. The highest EPS estimate is $0.63 and the lowest is $0.39. Kohl’s posted earnings of $0.39 per share during the same quarter last year, which would suggest a positive year over year growth rate of 25.6%. The firm is expected to announce its next quarterly earnings report before the market opens on Tuesday, May 22nd.

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

Kohl’s (NYSE:KSS) last announced its earnings results on Thursday, March 1st. The company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.10. The company had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.74 billion. Kohl’s had a net margin of 4.50% and a return on equity of 13.73%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 earnings per share.

A number of equities analysts have issued reports on KSS shares. Credit Suisse Group restated a “neutral” rating and set a $72.00 target price on shares of Kohl’s in a research report on Friday, May 11th. Robert W. Baird set a $73.00 price objective on shares of Kohl’s and gave the company a “buy” rating in a research report on Thursday, March 1st. Piper Jaffray set a $60.00 price objective on shares of Kohl’s and gave the company a “hold” rating in a research report on Thursday, March 1st. Cowen reissued a “buy” rating and issued a $76.00 price objective on shares of Kohl’s in a research report on Monday, April 9th. Finally, Royal Bank of Canada set a $69.00 price objective on shares of Kohl’s and gave the company a “hold” rating in a research report on Thursday, March 1st. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. Kohl’s presently has a consensus rating of “Hold” and an average price target of $61.00.

In related news, Director Stephen E. Watson sold 18,340 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $66.37, for a total value of $1,217,225.80. Following the completion of the sale, the director now directly owns 12,213 shares in the company, valued at $810,576.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Richard D. Schepp sold 5,121 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $65.29, for a total transaction of $334,350.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 310,006 shares of company stock valued at $20,025,940. 1.20% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Kohl’s by 3.8% in the fourth quarter. BlackRock Inc. now owns 18,729,042 shares of the company’s stock valued at $1,015,677,000 after purchasing an additional 680,124 shares during the period. LSV Asset Management grew its holdings in Kohl’s by 0.4% in the first quarter. LSV Asset Management now owns 6,589,170 shares of the company’s stock valued at $431,656,000 after purchasing an additional 23,040 shares during the period. Wells Fargo & Company MN grew its stake in Kohl’s by 2.6% during the fourth quarter. Wells Fargo & Company MN now owns 4,804,605 shares of the company’s stock worth $260,553,000 after buying an additional 123,281 shares during the period. Millennium Management LLC grew its stake in Kohl’s by 7,904.4% during the first quarter. Millennium Management LLC now owns 2,931,723 shares of the company’s stock worth $192,057,000 after buying an additional 2,969,288 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in Kohl’s during the fourth quarter worth approximately $133,005,000.

Shares of Kohl’s opened at $63.67 on Friday, according to Marketbeat.com. The company has a quick ratio of 0.67, a current ratio of 2.01 and a debt-to-equity ratio of 0.81. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.82 and a beta of 1.27. Kohl’s has a 12-month low of $35.16 and a 12-month high of $69.48.

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.

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

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