Kohl’s Corp. (KSS) Issues FY17 Earnings Guidance
Kohl’s Corp. (NYSE:KSS) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $3.80-4.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.87.
Kohl’s Corp. (NYSE:KSS) opened at 53.22 on Monday. The stock has a market cap of $9.56 billion, a P/E ratio of 17.28 and a beta of 1.00. Kohl’s Corp. has a 52 week low of $33.87 and a 52 week high of $53.87. The company’s 50 day moving average is $44.41 and its 200 day moving average is $41.22.
Kohl’s Corp. (NYSE:KSS) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.10. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.33 billion. Kohl’s Corp. had a net margin of 3.17% and a return on equity of 13.59%. Kohl’s Corp.’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm posted $0.75 EPS. Equities analysts predict that Kohl’s Corp. will post $3.89 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Wednesday, December 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 5th. This represents a $2.00 annualized dividend and a yield of 3.76%. Kohl’s Corp.’s dividend payout ratio is presently 61.16%.
Several brokerages recently weighed in on KSS. Argus reiterated a hold rating on shares of Kohl’s Corp. in a research report on Monday, August 15th. Telsey Advisory Group lifted their price objective on shares of Kohl’s Corp. from $51.00 to $58.00 and gave the company an outperform rating in a research report on Friday. Zacks Investment Research upgraded shares of Kohl’s Corp. from a sell rating to a hold rating in a research report on Friday. Jefferies Group boosted their price target on shares of Kohl’s Corp. from $50.00 to $57.00 and gave the stock a buy rating in a research report on Friday. Finally, Deutsche Bank AG boosted their price target on shares of Kohl’s Corp. from $40.00 to $45.00 and gave the stock a hold rating in a research report on Friday, August 12th. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $49.07.
Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Kohl’s Corp. during the third quarter worth $157,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Kohl’s Corp. by 39.7% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 228,900 shares of the company’s stock worth $8,680,000 after buying an additional 65,100 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Kohl’s Corp. during the second quarter worth $12,260,000. Highbridge Capital Management LLC purchased a new stake in shares of Kohl’s Corp. during the second quarter worth $7,713,000. Finally, EverPoint Asset Management LLC purchased a new stake in shares of Kohl’s Corp. during the second quarter worth $569,000. Institutional investors and hedge funds own 98.55% of the company’s stock.
Kohl’s Corp. Company Profile
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company also operates an e-commerce Website (www.Kohls.com). The Company operates over 1,160 department stores in approximately 50 states. The Company sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products.
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