Kohl’s Corporation Plans Quarterly Dividend of $0.55 (KSS)
Kohl’s Corporation (NYSE:KSS) declared a quarterly dividend on Thursday, November 9th, RTT News reports. Shareholders of record on Wednesday, December 6th will be paid a dividend of 0.55 per share on Wednesday, December 20th. This represents a $2.20 annualized dividend and a yield of 5.36%.
Kohl’s Corporation has raised its dividend by an average of 12.6% per year over the last three years and has increased its dividend every year for the last 6 years. Kohl’s Corporation has a dividend payout ratio of 59.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kohl’s Corporation to earn $3.64 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 60.4%.
Shares of Kohl’s Corporation (NYSE KSS) traded up $0.28 during trading on Thursday, reaching $41.07. 21,548,689 shares of the company’s stock traded hands, compared to its average volume of 3,640,899. The stock has a market capitalization of $6,859.52, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.93 and a beta of 1.22. Kohl’s Corporation has a one year low of $35.16 and a one year high of $59.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.81 and a quick ratio of 0.34.
Kohl’s Corporation (NYSE:KSS) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. sell-side analysts predict that Kohl’s Corporation will post 3.72 earnings per share for the current year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Kohl’s Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Vetr downgraded Kohl’s Corporation from a “hold” rating to a “sell” rating and set a $37.51 price objective for the company. in a report on Monday, July 17th. Royal Bank Of Canada reissued a “sell” rating and issued a $39.00 price objective on shares of Kohl’s Corporation in a report on Monday, July 24th. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price objective on shares of Kohl’s Corporation in a report on Sunday, July 30th. Finally, BidaskClub raised Kohl’s Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $43.20.
About Kohl’s Corporation
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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