Kohl’s Co. (NYSE:KSS) Announces $0.13 Quarterly Dividend

Kohl’s Co. (NYSE:KSS) declared 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 5.97%.

Kohl’s has increased its dividend payment by an average of 26.0% annually over the last three years. Kohl’s has a dividend payout ratio of 172.4% meaning 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 Stock Down 8.5 %

Shares of KSS stock traded down $0.78 during trading on Wednesday, reaching $8.38. The company’s stock had a trading volume of 8,420,066 shares, compared to its average volume of 8,652,028. The company has a market capitalization of $932.29 million, a price-to-earnings ratio of 3.78 and a beta of 1.92. Kohl’s has a 1-year low of $8.38 and a 1-year high of $29.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The stock’s 50-day moving average price is $12.58 and its 200 day moving average price is $16.00.

Kohl’s (NYSE:KSS) last released its 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 firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. Kohl’s’s revenue was down 9.4% compared to the same quarter last year. During the same period last year, the business posted $1.67 earnings per share. On average, research analysts anticipate that Kohl’s will post 1.3 EPS for the current year.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction on Friday, January 3rd. The stock was 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 trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Robert W. Baird dropped their price objective on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday. Bank of America dropped their price objective on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday. Jefferies Financial Group decreased their target price on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Morgan Stanley reduced their price target on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday. Five analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.19.

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.