Kohl's Co. Announces Quarterly Dividend of $0.50 (NYSE:KSS)

Kohl's Co. (NYSE:KSS - Get Free Report) declared a quarterly dividend on Wednesday, May 15th, RTT News reports. Investors of record on Wednesday, June 12th will be given a dividend of 0.50 per share on Friday, June 28th. This represents a $2.00 dividend on an annualized basis and a yield of 7.79%.

Kohl's has increased its dividend payment by an average of 41.6% per year over the last three years. Kohl's has a dividend payout ratio of 75.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Equities analysts expect Kohl's to earn $2.52 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 79.4%.

Kohl's Stock Down 4.0 %

NYSE:KSS traded down $1.07 during trading hours on Wednesday, hitting $25.66. 4,851,516 shares of the stock traded hands, compared to its average volume of 5,377,451. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 1.46 and a beta of 2.01. The firm has a 50 day moving average price of $25.26 and a 200 day moving average price of $25.75. The company has a current ratio of 1.31, a quick ratio of 0.20 and a debt-to-equity ratio of 1.11. Kohl's has a fifty-two week low of $17.68 and a fifty-two week high of $29.65.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.39. Kohl's had a return on equity of 8.40% and a net margin of 1.81%. The firm had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the previous year, the firm earned ($2.49) earnings per share. Kohl's's quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts anticipate that Kohl's will post 2.22 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on KSS. Telsey Advisory Group upped their price objective on shares of Kohl's from $25.00 to $28.00 and gave the stock a "market perform" rating in a report on Wednesday, March 13th. StockNews.com downgraded Kohl's from a "buy" rating to a "hold" rating in a research note on Monday, May 6th. TD Cowen raised their price objective on Kohl's from $28.00 to $31.00 and gave the company an "outperform" rating in a research note on Wednesday, March 13th. Morgan Stanley upped their target price on Kohl's from $18.00 to $19.00 and gave the stock an "underweight" rating in a research report on Thursday, March 21st. Finally, Citigroup dropped their price target on shares of Kohl's from $27.00 to $24.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $24.20.

Kohl's Company Profile

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.