Kohl's (KSS) Updates FY18 Earnings Guidance
Kohl's (NYSE:KSS) updated its FY18 earnings guidance on Monday. The company provided earnings per share guidance of $3.98-4.08 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.77.
A number of equities research analysts have recently issued reports on the stock. Telsey Advisory Group reissued an outperform rating and set a $55.00 price objective (up previously from $50.00) on shares of Kohl's in a research report on Tuesday. Robert W. Baird reissued a buy rating and set a $61.00 price objective on shares of Kohl's in a research report on Tuesday. MKM Partners set a $48.00 price objective on shares of Kohl's and gave the company a hold rating in a research report on Thursday, January 4th. Jefferies Group reissued a buy rating and set a $50.00 price objective on shares of Kohl's in a research report on Wednesday, September 27th. Finally, Zacks Investment Research raised shares of Kohl's from a hold rating to a buy rating and set a $64.00 price objective for the company in a research report on Tuesday. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. Kohl's presently has an average rating of Hold and a consensus price target of $45.47.
Kohl's (NYSE:KSS) opened at $57.02 on Wednesday. The firm has a market cap of $9,580.00, a price-to-earnings ratio of 15.12, a P/E/G ratio of 2.16 and a beta of 1.24. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.88. Kohl's has a 1-year low of $35.16 and a 1-year high of $59.09.
Kohl's (NYSE:KSS) last issued its earnings results on Thursday, November 9th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.02). The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.30 billion. Kohl's had a return on equity of 12.72% and a net margin of 3.47%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 EPS. analysts expect that Kohl's will post 3.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend was Tuesday, December 5th. Kohl's’s dividend payout ratio is currently 58.36%.
In related news, Director Jonas Prising purchased 4,725 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of $42.35 per share, for a total transaction of $200,103.75. Following the purchase, the director now directly owns 8,661 shares in the company, valued at $366,793.35. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephanie A. Streeter sold 4,173 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $53.85, for a total transaction of $224,716.05. Following the completion of the sale, the director now owns 21,960 shares in the company, valued at approximately $1,182,546. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Kohl's (KSS) Updates FY18 Earnings Guidance” was published by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.watchlistnews.com/kohls-kss-updates-fy18-earnings-guidance/1801099.html.
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.
Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with Analyst Ratings Network's FREE daily email newsletter.