Kohl's Corporation operates as a retail company 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 Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang. As of March 21, 2022, it operated approximately 1,100 Kohl's stores and a website www.Kohls.com. Kohl's Corporation was founded in 1988 and is headquartered in Menomonee Falls, Wisconsin.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on KSS. Gordon Haskett cut Kohl's from an "accumulate" rating to a "hold" rating and set a $30.00 target price for the company. in a report on Thursday, July 7th. StockNews.com cut Kohl's from a "buy" rating to a "hold" rating in a report on Monday, May 23rd. Citigroup cut Kohl's from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $55.00 to $39.00 in a report on Monday, May 23rd. OTR Global cut Kohl's to a "positive" rating in a report on Wednesday, May 11th. Finally, Morgan Stanley reduced their price target on Kohl's from $38.00 to $19.00 and set an "underweight" rating on the stock in a research report on Tuesday, July 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $36.79.
Kohl's Stock Down 7.7 %
Shares of KSS traded down $2.62 during trading on Thursday, reaching $31.33. The company's stock had a trading volume of 15,286,096 shares, compared to its average volume of 4,731,192. The company has a fifty day moving average of $33.11 and a two-hundred day moving average of $47.44. Kohl's has a twelve month low of $26.07 and a twelve month high of $64.38. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 4.86, a P/E/G ratio of 1.12 and a beta of 1.62. The company has a quick ratio of 0.30, a current ratio of 1.40 and a debt-to-equity ratio of 0.97.
Kohl's (NYSE:KSS - Get Rating) last announced its earnings results on Thursday, August 18th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.09). Kohl's had a net margin of 4.87% and a return on equity of 19.47%. The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the company earned $2.48 earnings per share. The business's revenue for the quarter was down 8.1% on a year-over-year basis. On average, sell-side analysts predict that Kohl's will post 3.9 EPS for the current fiscal year.
Kohl's Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, September 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.38%. Kohl's's dividend payout ratio (DPR) is 31.06%.