Analysts Expect Kohl’s Co. (NYSE:KSS) Will Post Quarterly Sales of $4.48 Billion

Brokerages expect that Kohl’s Co. (NYSE:KSS) will announce $4.48 billion in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Kohl’s’ earnings. The lowest sales estimate is $4.44 billion and the highest is $4.57 billion. Kohl’s reported sales of $4.57 billion during the same quarter last year, which would suggest a negative year over year growth rate of 2%. The company is scheduled to issue its next quarterly earnings report on Tuesday, August 20th.

On average, analysts expect that Kohl’s will report full year sales of $19.93 billion for the current year, with estimates ranging from $18.98 billion to $20.20 billion. For the next year, analysts anticipate that the firm will report sales of $20.03 billion, with estimates ranging from $18.79 billion to $20.39 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Kohl’s.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, May 21st. The company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.06). Kohl’s had a return on equity of 16.74% and a net margin of 3.91%. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the firm posted $0.64 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year.

KSS has been the subject of several analyst reports. Guggenheim restated a “buy” rating and issued a $80.00 target price on shares of Kohl’s in a report on Tuesday, March 5th. Atlantic Securities upgraded Kohl’s from an “underweight” rating to a “neutral” rating and set a $71.50 target price for the company in a report on Wednesday, March 6th. Zacks Investment Research upgraded Kohl’s from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Tuesday, March 12th. Bank of America restated a “buy” rating and issued a $80.00 target price on shares of Kohl’s in a report on Wednesday, March 13th. Finally, Jefferies Financial Group reduced their target price on Kohl’s from $100.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. Kohl’s currently has an average rating of “Hold” and an average target price of $69.67.

Several hedge funds have recently modified their holdings of the company. Truehand Inc bought a new stake in shares of Kohl’s during the fourth quarter valued at approximately $26,000. Loeb Partners Corp bought a new stake in shares of Kohl’s during the fourth quarter valued at approximately $28,000. Cullen Frost Bankers Inc. bought a new stake in Kohl’s in the first quarter valued at $33,000. Liberty Wealth Management LLC bought a new stake in Kohl’s in the fourth quarter valued at $36,000. Finally, Princeton Capital Management LLC grew its position in Kohl’s by 94.3% in the first quarter. Princeton Capital Management LLC now owns 544 shares of the company’s stock valued at $37,000 after acquiring an additional 264 shares during the period.

KSS opened at $47.97 on Thursday. Kohl’s has a twelve month low of $47.08 and a twelve month high of $83.28. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.66 and a quick ratio of 0.34. The company has a market capitalization of $7.86 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.90 and a beta of 1.06.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th will be issued a dividend of $0.67 per share. The ex-dividend date is Tuesday, June 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.59%. Kohl’s’s dividend payout ratio (DPR) is presently 47.86%.

Kohl’s Company Profile

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

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Earnings History and Estimates for Kohl`s (NYSE:KSS)

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