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.

Other analysts have also issued research reports about the company. Guggenheim restated a “buy” rating and issued a $80.00 price objective on shares of Kohl’s in a research note on Tuesday, March 5th. Bank of America restated a “buy” rating and issued a $80.00 price objective on shares of Kohl’s in a research note on Wednesday, March 13th. Zacks Investment Research upgraded Kohl’s from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Tuesday, March 12th. Jefferies Financial Group dropped their price objective on Kohl’s from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Deutsche Bank dropped their price objective on Kohl’s from $71.00 to $59.00 and set a “hold” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $72.92.

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.

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

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