Kohl’s Co. to Post Q3 2020 Earnings of $0.90 Per Share, Wedbush Forecasts (KSS)
Kohl’s Co. (NYSE:KSS) – Research analysts at Wedbush cut their Q3 2020 EPS estimates for Kohl’s in a note issued to investors on Tuesday, May 21st. Wedbush analyst J. Redding now anticipates that the company will earn $0.90 per share for the quarter, down from their prior forecast of $1.04. Wedbush has a “Neutral” rating and a $58.00 price target on the stock. Wedbush also issued estimates for Kohl’s’ Q4 2020 earnings at $2.27 EPS and FY2021 earnings at $6.29 EPS.
Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, May 21st. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.06). The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.97 billion. Kohl’s had a net margin of 3.91% and a return on equity of 16.74%. Kohl’s’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS.
NYSE:KSS opened at $51.15 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.50 and a current ratio of 1.66. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77. Kohl’s has a 12-month low of $53.01 and a 12-month high of $83.28.
Several institutional investors have recently bought and sold shares of KSS. Truehand Inc acquired a new position in shares of Kohl’s in the fourth quarter valued at approximately $26,000. Loeb Partners Corp acquired a new position in shares of Kohl’s in the fourth quarter valued at approximately $28,000. Cullen Frost Bankers Inc. acquired a new position in shares of Kohl’s in the first quarter valued at approximately $33,000. Liberty Wealth Management LLC acquired a new position in shares of Kohl’s in the fourth quarter valued at approximately $36,000. Finally, Princeton Capital Management LLC grew its position in shares of 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 purchasing an additional 264 shares during the last quarter.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend is Tuesday, June 11th. Kohl’s’s payout ratio is 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.
Featured Article: Beta
Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.