Kohl’s (NYSE:KSS) Issues Earnings Results

Kohl’s (NYSE:KSSGet Rating) released its quarterly earnings results on Thursday. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.23, RTT News reports. Kohl’s had a return on equity of 15.04% and a net margin of 3.70%. The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. The firm’s revenue was down 7.0% compared to the same quarter last year.

Kohl’s Stock Up 5.4 %

Kohl’s stock opened at $31.42 on Friday. The stock’s fifty day moving average is $28.28 and its two-hundred day moving average is $33.55. The stock has a market cap of $3.66 billion, a PE ratio of 6.20, a P/E/G ratio of 1.17 and a beta of 1.59. Kohl’s has a 1-year low of $24.61 and a 1-year high of $64.38. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.37 and a quick ratio of 0.18.

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date is Tuesday, December 6th. Kohl’s’s dividend payout ratio is presently 39.45%.

Insiders Place Their Bets

In other news, Director Jonas Prising acquired 10,000 shares of the company’s stock in a transaction on Tuesday, August 23rd. The shares were bought at an average price of $29.67 per share, with a total value of $296,700.00. Following the completion of the acquisition, the director now owns 60,647 shares in the company, valued at approximately $1,799,396.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

A number of hedge funds have recently added to or reduced their stakes in KSS. Eagle Bay Advisors LLC acquired a new stake in Kohl’s in the second quarter valued at about $26,000. Fairfield Bush & CO. acquired a new stake in Kohl’s in the first quarter valued at about $93,000. Atlas Capital Advisors LLC lifted its position in Kohl’s by 60.1% in the second quarter. Atlas Capital Advisors LLC now owns 2,878 shares of the company’s stock valued at $103,000 after purchasing an additional 1,080 shares during the period. Quantbot Technologies LP acquired a new stake in Kohl’s in the second quarter valued at about $175,000. Finally, Neuberger Berman Group LLC acquired a new stake in Kohl’s in the third quarter valued at about $217,000. Institutional investors and hedge funds own 91.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Cowen cut Kohl’s from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $60.00 to $35.00 in a research note on Thursday, August 4th. Jefferies Financial Group cut Kohl’s from a “buy” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $29.00 in a research note on Thursday, September 15th. Robert W. Baird reduced their price objective on Kohl’s from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 9th. Cowen cut Kohl’s from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $60.00 to $35.00 in a research note on Thursday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Kohl’s from $36.00 to $34.00 in a research note on Wednesday, November 9th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.40.

About Kohl’s

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Kohl's Corporation operates as a retail company in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

See Also

Earnings History for Kohl's (NYSE:KSS)

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