Analysts expect that Kohl’s (NYSE:KSS) will report sales of $3.95 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Kohl’s’ earnings. The lowest sales estimate is $3.93 billion and the highest is $4.00 billion. Kohl’s posted sales of $3.84 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.9%. The company is expected to announce its next quarterly earnings report on Thursday, May 10th.
According to Zacks, analysts expect that Kohl’s will report full-year sales of $19.18 billion for the current fiscal year, with estimates ranging from $18.79 billion to $19.71 billion. For the next year, analysts forecast that the company will report sales of $19.38 billion per share, with estimates ranging from $18.51 billion to $20.28 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Kohl’s.
Kohl’s (NYSE:KSS) last posted its earnings results on Thursday, March 1st. The company reported $1.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.10. Kohl’s had a net margin of 4.50% and a return on equity of 13.73%. The firm had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same period in the previous year, the firm posted $1.44 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year.
In related news, Chairman Kevin Mansell sold 69,000 shares of the stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $64.00, for a total transaction of $4,416,000.00. Following the transaction, the chairman now directly owns 350,438 shares of the company’s stock, valued at $22,428,032. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter Boneparth sold 7,500 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $66.18, for a total transaction of $496,350.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 310,006 shares of company stock worth $20,025,940. 1.20% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB boosted its stake in Kohl’s by 5.5% during the fourth quarter. Xact Kapitalforvaltning AB now owns 29,482 shares of the company’s stock worth $1,599,000 after acquiring an additional 1,527 shares in the last quarter. CNB Bank bought a new position in Kohl’s during the fourth quarter worth $843,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Kohl’s by 78.1% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 98,013 shares of the company’s stock worth $5,315,000 after acquiring an additional 42,986 shares in the last quarter. Sawtooth Solutions LLC bought a new position in Kohl’s during the fourth quarter worth $1,102,000. Finally, Northern Oak Wealth Management Inc. raised its holdings in Kohl’s by 45.0% during the fourth quarter. Northern Oak Wealth Management Inc. now owns 152,487 shares of the company’s stock worth $8,269,000 after buying an additional 47,354 shares during the last quarter.
KSS opened at $62.07 on Tuesday. Kohl’s has a fifty-two week low of $35.16 and a fifty-two week high of $69.48. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 2.01. The company has a market cap of $10,305.42, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.75 and a beta of 1.26.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th were paid a dividend of $0.61 per share. The ex-dividend date was Tuesday, March 13th. This is a positive change from Kohl’s’s previous quarterly dividend of $0.55. This represents a $2.44 annualized dividend and a yield of 3.93%. Kohl’s’s dividend payout ratio is currently 58.23%.
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Kohl's Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online through Website Kohls.com. As of January 28, 2017, it operated 1,154 department stores, 12 FILA outlets, and 3 Off-Aisle clearance centers.
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