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.
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.
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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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