Kohl’s Co. (KSS) to Issue Quarterly Dividend of $0.13 on April 2nd

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 paid a dividend of 0.125 per share on Wednesday, April 2nd. This represents a $0.50 annualized dividend and a yield of 6.01%. The ex-dividend date is Friday, March 21st.

Kohl’s has increased its dividend by an average of 26.0% per year over the last three years. Kohl’s has a payout ratio of 89.3% 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 $1.22 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 41.0%.

Kohl’s Stock Performance

Shares of Kohl’s stock opened at $8.33 on Wednesday. The stock’s fifty day moving average is $12.01 and its two-hundred day moving average is $15.60. The company has a market capitalization of $926.72 million, a PE ratio of 3.75 and a beta of 1.92. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. Kohl’s has a 52 week low of $7.96 and a 52 week high of $29.60.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.72 by $0.23. The company 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%. Kohl’s’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 EPS. As a group, analysts expect that Kohl’s will post 1.3 earnings per share for the current year.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 133,091 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KSS shares. Jefferies Financial Group dropped their price target on 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 dropped their price target on Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. dropped their price target on Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 11th. Telsey Advisory Group reissued a “market perform” rating and set a $13.00 price target on shares of Kohl’s in a research report on Tuesday, March 11th. Finally, Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Six investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.10.

About Kohl’s

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.