Kohl’s Corporation (NYSE:KSS) Announces $0.55 Quarterly Dividend
Kohl’s Corporation (NYSE:KSS) announced a quarterly dividend on Thursday, August 10th, RTT News reports. Investors of record on Wednesday, September 6th will be given a dividend of 0.55 per share on Wednesday, September 20th. This represents a $2.20 annualized dividend and a yield of 5.25%.
Kohl’s Corporation has raised its dividend payment by an average of 12.6% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Kohl’s Corporation has a dividend payout ratio of 60.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kohl’s Corporation to earn $3.57 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 61.6%.
Shares of Kohl’s Corporation (NYSE KSS) traded down 6.77% during mid-day trading on Thursday, reaching $39.09. The company’s stock had a trading volume of 15,301,373 shares. The company’s 50 day moving average price is $39.46 and its 200-day moving average price is $39.38. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 11.32 and a beta of 1.16. Kohl’s Corporation has a 1-year low of $35.16 and a 1-year high of $59.67. Kohl’s Corporation also was the recipient of some unusual options trading on Wednesday. Traders bought 20,293 call options on the stock. This is an increase of 603% compared to the average daily volume of 2,886 call options.
Kohl’s Corporation (NYSE:KSS) last posted its quarterly earnings data on Thursday, August 10th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.05. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.12 billion. Kohl’s Corporation had a return on equity of 13.29% and a net margin of 3.25%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.22 EPS. Analysts predict that Kohl’s Corporation will post $3.68 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on KSS shares. Zacks Investment Research raised Kohl’s Corporation from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Tuesday, July 11th. Gordon Haskett started coverage on Kohl’s Corporation in a research note on Tuesday, May 9th. They set a “reduce” rating and a $35.00 target price for the company. Jefferies Group LLC reissued a “buy” rating and set a $48.00 target price on shares of Kohl’s Corporation in a research note on Sunday, July 30th. Citigroup Inc. reissued a “buy” rating and set a $44.00 target price (down from $52.00) on shares of Kohl’s Corporation in a research note on Sunday, May 14th. Finally, Vetr downgraded Kohl’s Corporation from a “strong-buy” rating to a “buy” rating and set a $40.78 target price for the company. in a research note on Monday, May 15th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Kohl’s Corporation presently has a consensus rating of “Hold” and a consensus price target of $43.02.
Kohl’s Corporation Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.
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