Wall Street analysts expect Kohl's Co. (NYSE:KSS) to post $6.23 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Kohl's' earnings, with the highest sales estimate coming in at $6.34 billion and the lowest estimate coming in at $6.16 billion. Kohl's posted sales of $6.83 billion in the same quarter last year, which suggests a negative year over year growth rate of 8.8%. The firm is scheduled to issue its next earnings report on Tuesday, March 2nd.
According to Zacks, analysts expect that Kohl's will report full-year sales of $16.04 billion for the current financial year, with estimates ranging from $15.97 billion to $16.16 billion. For the next year, analysts anticipate that the company will post sales of $18.33 billion, with estimates ranging from $17.51 billion to $18.63 billion. Zacks' sales averages are an average based on a survey of sell-side research analysts that cover Kohl's.
Kohl's (NYSE:KSS) last released its quarterly earnings results on Monday, November 16th. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.43) by $0.44. The business had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.06 billion. Kohl's had a negative return on equity of 4.50% and a negative net margin of 1.45%. During the same period last year, the firm posted $0.74 EPS.
KSS has been the subject of several analyst reports. Cowen lifted their price objective on Kohl's from $30.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, December 2nd. Bank of America lifted their price objective on Kohl's from $30.00 to $36.00 and gave the company a "buy" rating in a report on Wednesday, November 18th. Gordon Haskett raised Kohl's from a "reduce" rating to a "hold" rating and set a $28.00 price objective for the company in a report on Tuesday, November 17th. UBS Group raised Kohl's from a "sell" rating to a "neutral" rating in a report on Monday, January 11th. Finally, Credit Suisse Group boosted their price target on Kohl's from $23.00 to $30.00 and gave the stock a "neutral" rating in a report on Wednesday, November 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company's stock. Kohl's currently has a consensus rating of "Hold" and a consensus target price of $35.00.
Shares of NYSE KSS opened at $47.65 on Thursday. The stock has a market capitalization of $7.51 billion, a PE ratio of -30.54 and a beta of 2.04. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.60 and a quick ratio of 0.64. The business has a fifty day moving average price of $41.20 and a two-hundred day moving average price of $27.78. Kohl's has a fifty-two week low of $10.89 and a fifty-two week high of $49.51.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC grew its position in shares of Kohl's by 325.0% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 850 shares of the company's stock valued at $35,000 after buying an additional 650 shares during the last quarter. NEXT Financial Group Inc acquired a new position in shares of Kohl's in the 3rd quarter valued at about $35,000. Prime Capital Investment Advisors LLC lifted its stake in shares of Kohl's by 52.3% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,330 shares of the company's stock valued at $43,000 after purchasing an additional 800 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Kohl's by 23.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,960 shares of the company's stock valued at $120,000 after purchasing an additional 560 shares during the period. Finally, Cerebellum GP LLC lifted its stake in shares of Kohl's by 55.8% in the 3rd quarter. Cerebellum GP LLC now owns 3,484 shares of the company's stock valued at $65,000 after purchasing an additional 1,248 shares during the period. Hedge funds and other institutional investors own 83.59% of the company's stock.
Kohl's Company Profile
Kohl's Corporation operates as a retail company in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, and Simply Vera Vera Wang.
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