Equities Analysts Issue Forecasts for Kohl’s Co.’s Q1 2020 Earnings (NYSE:KSS)

Kohl’s Co. (NYSE:KSS) – Jefferies Financial Group decreased their Q1 2020 earnings estimates for shares of Kohl’s in a report issued on Tuesday, August 21st, according to Zacks Investment Research. Jefferies Financial Group analyst R. Konik now expects that the company will post earnings per share of $0.83 for the quarter, down from their previous estimate of $0.88. Jefferies Financial Group also issued estimates for Kohl’s’ Q3 2020 earnings at $1.32 EPS and Q4 2020 earnings at $2.86 EPS.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, August 21st. The company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.64 by $0.12. Kohl’s had a return on equity of 15.55% and a net margin of 4.79%. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year.

A number of other equities research analysts have also recently weighed in on the company. Goldman Sachs Group assumed coverage on Kohl’s in a research note on Monday, September 3rd. They issued a “buy” rating and a $91.00 price target on the stock. Zacks Investment Research cut Kohl’s from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Morgan Stanley increased their price target on Kohl’s from $45.00 to $51.00 and gave the company an “underweight” rating in a research note on Thursday, August 23rd. MKM Partners increased their price target on Kohl’s to $81.00 and gave the company a “neutral” rating in a research note on Wednesday, August 22nd. Finally, Credit Suisse Group increased their price target on Kohl’s from $74.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, August 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $77.20.
KSS traded up $0.81 during trading hours on Friday, reaching $80.84. The company’s stock had a trading volume of 2,189,139 shares, compared to its average volume of 3,384,695. Kohl’s has a 52 week low of $37.97 and a 52 week high of $82.42. The company has a current ratio of 1.82, a quick ratio of 0.53 and a debt-to-equity ratio of 0.69. The stock has a market cap of $13.57 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.24 and a beta of 1.28.

Hedge funds have recently bought and sold shares of the business. LFA Lugano Financial Advisors SA bought a new position in shares of Kohl’s in the second quarter worth $106,000. NuWave Investment Management LLC increased its position in shares of Kohl’s by 6,537.0% in the first quarter. NuWave Investment Management LLC now owns 1,792 shares of the company’s stock worth $117,000 after purchasing an additional 1,765 shares during the period. MUFG Americas Holdings Corp increased its position in shares of Kohl’s by 280.0% in the second quarter. MUFG Americas Holdings Corp now owns 1,900 shares of the company’s stock worth $139,000 after purchasing an additional 1,400 shares during the period. Avestar Capital LLC increased its position in shares of Kohl’s by 987.3% in the first quarter. Avestar Capital LLC now owns 2,218 shares of the company’s stock worth $129,000 after purchasing an additional 2,014 shares during the period. Finally, Smithfield Trust Co. increased its position in shares of Kohl’s by 5,170.0% in the second quarter. Smithfield Trust Co. now owns 2,635 shares of the company’s stock worth $192,000 after purchasing an additional 2,585 shares during the period.

In other Kohl’s news, Director Stephanie A. Streeter sold 4,776 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $81.50, for a total transaction of $389,244.00. Following the transaction, the director now owns 24,860 shares in the company, valued at approximately $2,026,090. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Sona Chawla sold 27,223 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $80.92, for a total value of $2,202,885.16. Following the transaction, the president now owns 253,021 shares in the company, valued at approximately $20,474,459.32. The disclosure for this sale can be found here. Insiders have sold a total of 65,788 shares of company stock worth $5,357,431 in the last quarter. Company insiders own 1.20% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Tuesday, September 11th. Kohl’s’s payout ratio is 58.23%.