Kohl’s Co. to Issue Quarterly Dividend of $0.13 (NYSE:KSS)

Kohl’s Co. (NYSE:KSS) announced a quarterly dividend on Tuesday, March 11th, RTT News reports. Shareholders of record on Friday, March 21st will be given a dividend of 0.125 per share on Wednesday, April 2nd. This represents a $0.50 annualized dividend and a yield of 5.84%. The ex-dividend date is Friday, March 21st.

Kohl’s has increased its dividend by an average of 26.0% annually over the last three years. Kohl’s has a payout ratio of 172.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Kohl’s to earn $1.22 per share next year, which means the company may not be able to cover its $2.00 annual dividend with an expected future payout ratio of 163.9%.

Kohl’s Price Performance

NYSE:KSS opened at $8.56 on Thursday. The company has a market capitalization of $952.33 million, a P/E ratio of 3.85 and a beta of 1.92. Kohl’s has a 12 month low of $8.28 and a 12 month high of $29.60. The business’s 50-day moving average is $12.47 and its 200 day moving average is $15.95. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business’s revenue was down 9.4% compared to the same quarter last year. During the same period last year, the business posted $1.67 EPS. On average, equities research analysts forecast that Kohl’s will post 1.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Baird R W lowered Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Guggenheim cut Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Robert W. Baird cut their price objective on Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday. TD Cowen dropped their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th. Finally, Bank of America decreased their target price on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday. Six research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, Kohl’s currently has a consensus rating of “Hold” and an average target price of $12.56.

Insider Transactions at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the transaction, the executive vice president now owns 133,091 shares in the company, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.86% of the company’s stock.

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.