Kohl’s Co. (NYSE:KSS) Plans Quarterly Dividend of $0.50

Kohl’s Co. (NYSE:KSS) announced a quarterly dividend on Wednesday, November 13th,RTT News reports. Investors of record on Wednesday, December 11th will be paid a dividend of 0.50 per share on Tuesday, December 24th. This represents a $2.00 dividend on an annualized basis and a yield of 10.78%.

Kohl’s has raised its dividend by an average of 41.6% annually over the last three years. Kohl’s has a dividend payout ratio of 101.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Kohl’s to earn $1.82 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 109.9%.

Kohl’s Stock Performance

Shares of NYSE:KSS traded up $0.46 during trading on Thursday, reaching $18.55. The stock had a trading volume of 1,268,826 shares, compared to its average volume of 5,990,771. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 7.18, a P/E/G ratio of 1.26 and a beta of 1.94. Kohl’s has a 52 week low of $17.41 and a 52 week high of $29.60. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The stock has a fifty day simple moving average of $19.30 and a two-hundred day simple moving average of $21.23.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.46 by $0.13. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the firm posted $0.52 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, analysts anticipate that Kohl’s will post 1.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. downgraded Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a research report on Thursday, August 29th. Evercore ISI decreased their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Morgan Stanley lowered shares of Kohl’s to an “underweight” rating and reduced their target price for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price target on shares of Kohl’s in a report on Wednesday, August 28th. Finally, Robert W. Baird decreased their price objective on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.29.

Insider Buying and Selling at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

Kohl’s Company Profile

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.