Kohl's (KSS) Updates FY19 Earnings Guidance
Kohl's (NYSE:KSS) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of 4.95-5.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.78. The company issued revenue guidance of $18.9-$19.29 billion, compared to the consensus revenue estimate of $19.07 billion.
Several research firms recently commented on KSS. Robert W. Baird reissued a buy rating and set a $61.00 price objective on shares of Kohl's in a research note on Tuesday, January 9th. 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 note on Tuesday, January 9th. Cowen set a $66.00 price objective on shares of Kohl's and gave the stock a hold rating in a research note on Friday. ValuEngine raised shares of Kohl's from a buy rating to a strong-buy rating in a research note on Saturday, February 17th. Finally, Jefferies Group reissued a buy rating and set a $100.00 price objective on shares of Kohl's in a research note on Friday, January 19th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $58.23.
Kohl's (KSS) opened at $66.50 on Friday. The company has a current ratio of 2.01, a quick ratio of 0.30 and a debt-to-equity ratio of 0.81. Kohl's has a twelve month low of $35.16 and a twelve month high of $69.48. The firm has a market cap of $10,542.30, a P/E ratio of 12.94, a PEG ratio of 2.01 and a beta of 1.27.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 3.67%. This is a boost from Kohl's’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Tuesday, March 13th. Kohl's’s payout ratio is presently 42.80%.
In other news, Director Stephanie A. Streeter sold 4,173 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $53.85, for a total transaction of $224,716.05. Following the completion of the transaction, the director now directly owns 21,960 shares of the company’s stock, valued at $1,182,546. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.
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Kohl's 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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