Kohl's Co. (NYSE:KSS - Get Free Report) announced a quarterly dividend on Tuesday, August 13th, RTT News reports. Stockholders of record on Wednesday, September 11th will be given a dividend of 0.50 per share on Wednesday, September 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.24%.
Kohl's has increased its dividend payment 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. Equities analysts expect Kohl's to earn $1.72 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 116.3%.
Kohl's Stock Performance
Shares of KSS traded up $0.25 on Tuesday, reaching $19.53. 4,221,794 shares of the stock traded hands, compared to its average volume of 5,628,756. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 7.88, a P/E/G ratio of 1.90 and a beta of 1.95. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.21 and a quick ratio of 0.19. Kohl's has a 12 month low of $17.68 and a 12 month high of $29.60. The stock's 50-day moving average price is $21.73 and its 200-day moving average price is $24.43.
Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.28). The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.41 billion. Kohl's had a net margin of 1.60% and a return on equity of 7.27%. Kohl's's quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. Equities analysts forecast that Kohl's will post 1.38 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts recently commented on KSS shares. TD Cowen decreased their price target on Kohl's from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, May 31st. Robert W. Baird decreased their price target on Kohl's from $32.00 to $27.00 and set an "outperform" rating on the stock in a research note on Friday, May 31st. StockNews.com lowered Kohl's from a "buy" rating to a "hold" rating in a research note on Friday, May 31st. JPMorgan Chase & Co. reduced their price objective on Kohl's from $25.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, May 31st. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $28.00 price objective on shares of Kohl's in a research note on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $22.44.
View Our Latest Report on KSS
About Kohl's
(Get Free Report)
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.
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