Kohl’s (NYSE:KSS) Announces Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Kohl’s (NYSE:KSS) issued its quarterly earnings results on Tuesday. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.21, FiscalAI reports. Kohl’s had a return on equity of 4.30% and a net margin of 1.23%.

Kohl’s Stock Down 2.1%

Shares of KSS opened at $14.80 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.30 and a quick ratio of 0.12. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 8.60 and a beta of 1.42. Kohl’s has a 1 year low of $6.04 and a 1 year high of $25.22. The business’s 50 day simple moving average is $18.43 and its 200-day simple moving average is $18.12.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, March 18th. Kohl’s’s dividend payout ratio is 29.07%.

Insider Buying and Selling at Kohl’s

In related news, CFO Jill Timm sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the chief financial officer owned 325,561 shares in the company, valued at approximately $7,813,464. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

Hedge funds have recently bought and sold shares of the business. IFP Advisors Inc raised its stake in Kohl’s by 3,777.6% during the third quarter. IFP Advisors Inc now owns 1,900 shares of the company’s stock valued at $31,000 after purchasing an additional 1,851 shares in the last quarter. iSAM Funds UK Ltd purchased a new position in shares of Kohl’s in the 3rd quarter worth $39,000. Los Angeles Capital Management LLC bought a new stake in shares of Kohl’s in the 4th quarter worth about $45,000. Kemnay Advisory Services Inc. bought a new stake in shares of Kohl’s in the 4th quarter worth about $46,000. Finally, Larson Financial Group LLC raised its position in shares of Kohl’s by 2,529.7% during the 3rd quarter. Larson Financial Group LLC now owns 3,103 shares of the company’s stock valued at $48,000 after buying an additional 2,985 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. The Goldman Sachs Group increased their target price on Kohl’s from $11.00 to $15.00 and gave the stock a “sell” rating in a research report on Wednesday, November 26th. Robert W. Baird set a $24.00 price objective on shares of Kohl’s in a report on Wednesday, December 17th. Wall Street Zen downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Jefferies Financial Group started coverage on shares of Kohl’s in a research report on Wednesday, January 14th. They set a “hold” rating and a $22.00 target price for the company. Finally, Gordon Haskett upgraded shares of Kohl’s from an “accumulate” rating to a “buy” rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, Kohl’s presently has a consensus rating of “Reduce” and an average target price of $15.27.

About Kohl’s

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.