Kohl’s (NYSE:KSS) Posts Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Kohl’s (NYSE:KSSGet Rating) released its quarterly earnings results on Thursday. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.23, RTT News reports. Kohl’s had a return on equity of 15.04% and a net margin of 3.70%. The company had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the prior year, the business posted $1.65 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year.

Kohl’s Stock Performance

Shares of Kohl’s stock opened at $29.80 on Thursday. The stock has a market cap of $3.48 billion, a PE ratio of 5.88, a price-to-earnings-growth ratio of 1.26 and a beta of 1.59. The business has a fifty day simple moving average of $28.25 and a 200-day simple moving average of $33.56. The company has a quick ratio of 0.18, a current ratio of 1.37 and a debt-to-equity ratio of 1.01. Kohl’s has a 12 month low of $24.61 and a 12 month high of $64.38.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.71%. Kohl’s’s dividend payout ratio (DPR) is presently 39.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KSS shares. StockNews.com started coverage on shares of Kohl’s in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Cowen cut shares of Kohl’s from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $60.00 to $35.00 in a research note on Thursday, August 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Kohl’s from $36.00 to $34.00 in a research note on Wednesday, November 9th. JPMorgan Chase & Co. lifted their target price on Kohl’s from $28.00 to $30.00 in a report on Friday, September 16th. Finally, Evercore ISI lowered their target price on Kohl’s to $32.00 in a report on Monday, August 22nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.40.

Insider Transactions at Kohl’s

In other Kohl’s news, Director Peter Boneparth bought 25,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was acquired at an average price of $30.01 per share, with a total value of $750,250.00. Following the completion of the transaction, the director now directly owns 70,700 shares in the company, valued at approximately $2,121,707. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Jonas Prising acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was acquired at an average cost of $29.67 per share, for a total transaction of $296,700.00. Following the completion of the acquisition, the director now owns 60,647 shares in the company, valued at $1,799,396.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter Boneparth acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The shares were purchased at an average price of $30.01 per share, with a total value of $750,250.00. Following the completion of the acquisition, the director now owns 70,700 shares of the company’s stock, valued at approximately $2,121,707. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Kohl’s

Several hedge funds and other institutional investors have recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new position in Kohl’s during the second quarter valued at about $26,000. Fairfield Bush & CO. bought a new position in Kohl’s during the first quarter valued at about $93,000. Atlas Capital Advisors LLC raised its holdings in Kohl’s by 60.1% during the second quarter. Atlas Capital Advisors LLC now owns 2,878 shares of the company’s stock valued at $103,000 after buying an additional 1,080 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in shares of Kohl’s in the first quarter valued at about $220,000. Finally, Captrust Financial Advisors grew its position in shares of Kohl’s by 21.3% in the first quarter. Captrust Financial Advisors now owns 4,036 shares of the company’s stock valued at $244,000 after purchasing an additional 709 shares during the last quarter. 91.96% of the stock is currently owned by hedge funds and other institutional investors.

Kohl’s Company Profile

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Kohl's Corporation operates as a retail company in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

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Earnings History for Kohl's (NYSE:KSS)

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