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

Kohl’s Co. (NYSE:KSS) declared a quarterly dividend on Tuesday, August 13th, RTT News reports. Investors of record on Wednesday, September 11th will be paid a dividend of 0.50 per share on Wednesday, September 25th. This represents a $2.00 annualized dividend and a dividend yield of 10.24%.

Kohl’s has raised its dividend by an average of 41.6% annually over the last three years. Kohl’s has a dividend payout ratio of 101.5% 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 $1.72 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 116.3%.

Kohl’s Stock Up 1.3 %

Kohl’s stock traded up $0.25 during trading hours on Tuesday, hitting $19.53. 4,218,244 shares of the stock traded hands, compared to its average volume of 5,628,734. Kohl’s has a one year low of $17.68 and a one year high of $29.60. The company has a market cap of $2.17 billion, a PE ratio of 7.77, a PEG ratio of 1.90 and a beta of 1.95. The firm’s 50-day moving average price is $21.73 and its two-hundred day moving average price is $24.43. The company has a current ratio of 1.21, a quick ratio of 0.19 and a debt-to-equity ratio of 1.12.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.28). Kohl’s had a return on equity of 7.27% and a net margin of 1.60%. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the previous year, the company earned $0.13 earnings per share. Kohl’s’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, research analysts forecast that Kohl’s will post 1.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Evercore ISI lowered their target price on shares of Kohl’s from $24.00 to $22.00 and set an “in-line” rating for the company in a report on Friday, May 31st. JPMorgan Chase & Co. decreased their target price on shares of Kohl’s from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, May 31st. TD Cowen reduced their price target on shares of Kohl’s from $31.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $28.00 price objective on shares of Kohl’s in a research report on Thursday, May 30th. Finally, Robert W. Baird lowered their price target on Kohl’s from $32.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.44.

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.