Analysts Offer Predictions for Kohl’s Co.’s Q2 2020 Earnings (KSS)
Kohl’s Co. (NYSE:KSS) – Wedbush reduced their Q2 2020 earnings estimates for shares of Kohl’s in a research report issued to clients and investors on Tuesday, May 21st. Wedbush analyst J. Redding now forecasts that the company will earn $1.62 per share for the quarter, down from their prior estimate of $1.94. Wedbush has a “Neutral” rating and a $58.00 price objective on the stock. Wedbush also issued estimates for Kohl’s’ FY2020 earnings at $5.39 EPS.
Several other research firms have also recently weighed in on KSS. Atlantic Securities upgraded shares of Kohl’s from an “underweight” rating to a “neutral” rating and set a $71.50 price objective for the company in a research report on Wednesday, March 6th. Guggenheim restated a “buy” rating and issued a $80.00 price objective on shares of Kohl’s in a research report on Tuesday, March 5th. Bank of America restated a “buy” rating and issued a $80.00 price objective on shares of Kohl’s in a research report on Wednesday, March 13th. Zacks Investment Research upgraded shares of Kohl’s from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Tuesday, March 12th. Finally, JPMorgan Chase & Co. cut shares of Kohl’s from an “overweight” rating to a “neutral” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $71.97.
Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, May 21st. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.06). The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.97 billion. Kohl’s had a return on equity of 16.74% and a net margin of 3.91%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 EPS.
Several hedge funds and other institutional investors have recently modified their holdings of KSS. Oregon Public Employees Retirement Fund boosted its stake in shares of Kohl’s by 5,066.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,708,774 shares of the company’s stock valued at $116,000 after purchasing an additional 7,559,552 shares during the last quarter. Norges Bank bought a new position in shares of Kohl’s in the 4th quarter valued at about $127,565,000. Maj Invest Holding A S bought a new position in shares of Kohl’s in the 1st quarter valued at about $112,085,000. Renaissance Technologies LLC boosted its stake in shares of Kohl’s by 22.7% in the 1st quarter. Renaissance Technologies LLC now owns 4,839,144 shares of the company’s stock valued at $332,788,000 after purchasing an additional 896,282 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Kohl’s by 13.1% during the 4th quarter. Northern Trust Corp now owns 5,193,974 shares of the company’s stock worth $344,568,000 after acquiring an additional 599,961 shares during the last quarter.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend is Tuesday, June 11th. Kohl’s’s dividend payout ratio (DPR) is presently 47.86%.
Kohl’s Company Profile
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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