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

Kohl’s Co. (NYSE:KSS) announced a quarterly dividend on Wednesday, November 13th,RTT News reports. Investors of record on Wednesday, December 11th will be given a dividend of 0.50 per share on Tuesday, December 24th. This represents a $2.00 annualized dividend and a yield of 10.78%.

Kohl’s has raised its dividend payment by an average of 41.6% annually over the last three years. Kohl’s has a payout ratio of 101.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Up 2.5 %

Shares of Kohl’s stock traded up $0.46 during trading on Thursday, hitting $18.55. The company’s stock had a trading volume of 1,268,826 shares, compared to its average volume of 5,990,771. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 7.18, a price-to-earnings-growth ratio of 1.26 and a beta of 1.94. Kohl’s has a 52 week low of $17.41 and a 52 week high of $29.60. The stock has a 50-day moving average price of $19.30 and a two-hundred day moving average price of $21.23. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16.

Kohl’s (NYSE:KSS) last announced its earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.46 by $0.13. The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. Equities research analysts anticipate that Kohl’s will post 1.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KSS has been the subject of several research analyst reports. Robert W. Baird decreased their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Morgan Stanley cut Kohl’s to an “underweight” rating and cut their target price for the stock from $18.00 to $17.00 in a report on Tuesday, August 27th. Evercore ISI reduced their price target on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a report on Thursday, August 29th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $23.00 target price on shares of Kohl’s in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.29.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the sale, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.86% of the stock is currently owned by corporate insiders.

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.