Kohl’s (NYSE:KSS) Posts Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Kohl’s (NYSE:KSS) posted its quarterly earnings results on Tuesday. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.21, FiscalAI reports. Kohl’s had a return on equity of 4.30% and a net margin of 1.23%.

Kohl’s Trading Down 2.1%

Shares of NYSE:KSS opened at $14.80 on Tuesday. The stock’s 50-day simple moving average is $18.43 and its two-hundred day simple moving average is $18.12. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 8.60 and a beta of 1.42. Kohl’s has a 52-week low of $6.04 and a 52-week high of $25.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.12 and a current ratio of 1.30.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, March 18th. Kohl’s’s dividend payout ratio (DPR) is presently 29.07%.

Insider Activity at Kohl’s

In other news, CFO Jill Timm sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the chief financial officer owned 325,561 shares in the company, valued at $7,813,464. This represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its holdings in Kohl’s by 3,777.6% in the 3rd quarter. IFP Advisors Inc now owns 1,900 shares of the company’s stock worth $31,000 after purchasing an additional 1,851 shares during the period. iSAM Funds UK Ltd bought a new position in shares of Kohl’s during the 3rd quarter valued at approximately $39,000. Los Angeles Capital Management LLC bought a new stake in Kohl’s during the 4th quarter worth approximately $45,000. Kemnay Advisory Services Inc. bought a new stake in Kohl’s during the 4th quarter worth approximately $46,000. Finally, Larson Financial Group LLC lifted its holdings in Kohl’s by 2,529.7% during the third quarter. Larson Financial Group LLC now owns 3,103 shares of the company’s stock valued at $48,000 after purchasing an additional 2,985 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KSS has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Kohl’s in a research note on Thursday, January 22nd. Gordon Haskett upgraded Kohl’s from an “accumulate” rating to a “buy” rating in a research note on Tuesday, November 25th. Wall Street Zen downgraded Kohl’s from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 target price on shares of Kohl’s in a research report on Wednesday, March 4th. Finally, Zacks Research cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $15.27.

Kohl’s Company Profile

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.