Kohl’s Co. (NYSE:KSS) Declares Quarterly Dividend of $0.50

Kohl’s Co. (NYSE:KSS) declared a quarterly dividend on Tuesday, August 13th, RTT News reports. Stockholders of record on Wednesday, September 11th will be given a dividend of 0.50 per share on Wednesday, September 25th. This represents a $2.00 annualized dividend and a dividend yield of 10.07%. The ex-dividend date of this dividend is Wednesday, September 11th.

Kohl’s has increased its dividend payment by an average of 41.6% annually over the last three years. Kohl’s has a dividend payout ratio of 98.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Kohl’s to earn $1.82 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 109.9%.

Kohl’s Trading Down 0.2 %

Shares of KSS stock opened at $19.87 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 1.38 and a beta of 1.93. Kohl’s has a 12-month low of $17.68 and a 12-month high of $29.60. The stock’s 50-day moving average price is $20.61 and its 200-day moving average price is $23.40.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the business earned $0.52 earnings per share. Kohl’s’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities research analysts predict that Kohl’s will post 1.81 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on KSS shares. StockNews.com lowered Kohl’s from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. Robert W. Baird cut their price objective on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. TD Cowen downgraded Kohl’s from a “buy” rating to a “hold” rating and decreased their target price for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Evercore ISI lowered their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price target on shares of Kohl’s in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.67.

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.