Brokerages forecast that Kohl’s Co. (NYSE:KSS) will announce sales of $4.62 billion for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Kohl’s’ earnings. The highest sales estimate is $4.68 billion and the lowest is $4.55 billion. Kohl’s posted sales of $4.33 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 8th.

On average, analysts expect that Kohl’s will report full year sales of $19.98 billion for the current year, with estimates ranging from $18.87 billion to $20.30 billion. For the next year, analysts forecast that the company will post sales of $20.23 billion, with estimates ranging from $18.72 billion to $20.90 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Kohl’s.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, August 21st. The company reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.12. Kohl’s had a net margin of 4.79% and a return on equity of 15.55%. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the firm earned $1.24 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis.

Several equities analysts recently commented on KSS shares. Zacks Investment Research upgraded shares of Kohl’s from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Tuesday, July 24th. Telsey Advisory Group upped their price target on shares of Kohl’s from $86.00 to $99.00 and gave the company an “outperform” rating in a research note on Wednesday, August 22nd. Morgan Stanley upped their price target on shares of Kohl’s from $45.00 to $51.00 and gave the company an “underweight” rating in a research note on Thursday, August 23rd. Credit Suisse Group upped their price target on shares of Kohl’s from $74.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, August 22nd. Finally, Guggenheim restated a “buy” rating and issued a $85.00 price target on shares of Kohl’s in a research note on Tuesday, August 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. Kohl’s currently has an average rating of “Hold” and a consensus price target of $77.20.

In other Kohl’s news, President Sona Chawla sold 27,223 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $80.92, for a total transaction of $2,202,885.16. Following the sale, the president now directly owns 253,021 shares in the company, valued at $20,474,459.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephanie A. Streeter sold 4,776 shares of the stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $81.50, for a total transaction of $389,244.00. Following the sale, the director now owns 24,860 shares in the company, valued at $2,026,090. The disclosure for this sale can be found here. Insiders have sold 65,788 shares of company stock worth $5,357,431 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in KSS. Millennium Management LLC boosted its stake in shares of Kohl’s by 7,904.4% in the 1st quarter. Millennium Management LLC now owns 2,931,723 shares of the company’s stock valued at $192,057,000 after purchasing an additional 2,969,288 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Kohl’s in the 2nd quarter valued at approximately $90,847,000. Janus Henderson Group PLC boosted its stake in shares of Kohl’s by 230.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,786,420 shares of the company’s stock valued at $130,231,000 after purchasing an additional 1,245,073 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Kohl’s by 125.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,600,722 shares of the company’s stock valued at $116,690,000 after purchasing an additional 891,977 shares in the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC acquired a new stake in shares of Kohl’s in the 2nd quarter valued at approximately $59,996,000.

Shares of KSS stock traded down $0.24 on Thursday, hitting $74.41. The company’s stock had a trading volume of 3,394,900 shares, compared to its average volume of 3,744,384. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.53 and a current ratio of 1.82. Kohl’s has a fifty-two week low of $37.97 and a fifty-two week high of $82.42. The company has a market capitalization of $12.65 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 2.09 and a beta of 1.28.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $2.44 dividend on an annualized basis and a yield of 3.28%. Kohl’s’s payout ratio is 58.23%.

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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