Equities research analysts forecast that Kohl’s Co. (NYSE:KSS) will post sales of $4.40 billion for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Kohl’s’ earnings. The highest sales estimate is $4.55 billion and the lowest is $4.19 billion. Kohl’s reported sales of $3.98 billion in the same quarter last year, which indicates a positive year over year growth rate of 10.6%. The business is expected to report its next quarterly earnings report on Tuesday, November 16th.
According to Zacks, analysts expect that Kohl’s will report full-year sales of $19.25 billion for the current financial year, with estimates ranging from $18.43 billion to $19.66 billion. For the next financial year, analysts anticipate that the business will post sales of $20.21 billion, with estimates ranging from $19.94 billion to $20.75 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Kohl’s.
Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Wednesday, August 18th. The company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $1.22. The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $3.99 billion. Kohl’s had a net margin of 3.94% and a return on equity of 17.58%. The company’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.25) earnings per share.
Shares of NYSE:KSS traded up $1.04 during trading on Friday, reaching $52.61. The stock had a trading volume of 21,160 shares, compared to its average volume of 3,525,364. The business has a fifty day moving average price of $53.47 and a 200-day moving average price of $56.12. The company has a quick ratio of 0.88, a current ratio of 1.71 and a debt-to-equity ratio of 0.73. The stock has a market cap of $7.92 billion, a P/E ratio of 11.24, a PEG ratio of 1.06 and a beta of 2.16. Kohl’s has a fifty-two week low of $18.28 and a fifty-two week high of $64.80.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 22nd. Stockholders of record on Wednesday, September 8th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.90%. Kohl’s’s dividend payout ratio (DPR) is presently -82.64%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Kohl’s by 12.0% in the first quarter. BlackRock Inc. now owns 14,818,427 shares of the company’s stock valued at $883,325,000 after acquiring an additional 1,583,353 shares in the last quarter. Vanguard Group Inc. raised its holdings in Kohl’s by 1.9% in the second quarter. Vanguard Group Inc. now owns 14,465,338 shares of the company’s stock valued at $797,186,000 after acquiring an additional 276,402 shares in the last quarter. FMR LLC raised its holdings in Kohl’s by 6.3% in the second quarter. FMR LLC now owns 5,041,937 shares of the company’s stock valued at $277,861,000 after acquiring an additional 298,854 shares in the last quarter. State Street Corp raised its holdings in Kohl’s by 5.5% in the second quarter. State Street Corp now owns 4,785,550 shares of the company’s stock valued at $263,732,000 after acquiring an additional 249,484 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Kohl’s by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 3,695,257 shares of the company’s stock valued at $220,275,000 after acquiring an additional 73,186 shares in the last quarter. 85.16% of the stock is currently owned by hedge funds and other institutional investors.
Kohl’s Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children; home products; beauty products; and accessories. The firm stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences.
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