Kohl’s Co. (NYSE:KSS) to Issue $0.50 Quarterly Dividend

Kohl’s Co. (NYSE:KSS) declared a quarterly dividend on Wednesday, May 15th, RTT News reports. Stockholders of record on Wednesday, June 12th will be paid a dividend of 0.50 per share on Friday, June 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.69%. The ex-dividend date of this dividend is Wednesday, June 12th.

Kohl’s has raised its dividend payment by an average of 41.6% annually over the last three years. Kohl’s has a dividend payout ratio of 93.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Kohl’s to earn $1.80 per share next year, which means the company may not be able to cover its $2.00 annual dividend with an expected future payout ratio of 111.1%.

Kohl’s Stock Performance

Shares of NYSE KSS opened at $23.01 on Tuesday. The business’s 50-day simple moving average is $24.46 and its 200-day simple moving average is $25.92. Kohl’s has a 52 week low of $17.68 and a 52 week high of $29.65. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 2.04 and a beta of 1.90. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.19 and a current ratio of 1.21.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.28). Kohl’s had a return on equity of 7.27% and a net margin of 1.60%. The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the prior year, the business posted $0.13 EPS. Kohl’s’s revenue was down 10.4% compared to the same quarter last year. As a group, equities research analysts expect that Kohl’s will post 1.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KSS has been the subject of several analyst reports. Telsey Advisory Group restated a “market perform” rating and set a $28.00 target price on shares of Kohl’s in a research report on Thursday, May 30th. StockNews.com downgraded Kohl’s from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. Evercore ISI cut their target price on Kohl’s from $24.00 to $22.00 and set an “in-line” rating for the company in a research report on Friday, May 31st. Citigroup cut their target price on Kohl’s from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. Finally, Robert W. Baird cut their target price on Kohl’s from $32.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.44.

About Kohl’s

Kohl's Corporation operates as an omnichannel retailer 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 Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.