Kohl’s Co. (KSS) to Issue Quarterly Dividend of $0.50 on December 24th

Kohl’s Co. (NYSE:KSS) declared a quarterly dividend on Wednesday, November 13th,RTT News reports. Stockholders 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 dividend yield of 10.74%. The ex-dividend date is Wednesday, December 11th.

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% 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 $1.82 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 2.9 %

NYSE KSS opened at $18.62 on Friday. Kohl’s has a 52 week low of $17.41 and a 52 week high of $29.60. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The stock’s 50 day moving average price is $19.30 and its two-hundred day moving average price is $21.23. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 1.25 and a beta of 1.94.

Kohl’s (NYSE:KSS) last released its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.69 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, analysts anticipate that Kohl’s will post 1.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Morgan Stanley cut Kohl’s to an “underweight” rating and reduced their price objective for the stock from $18.00 to $17.00 in a report on Tuesday, August 27th. TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 target price on shares of Kohl’s in a research report on Wednesday, August 28th. Robert W. Baird lowered their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, Evercore ISI cut their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Kohl’s has an average rating of “Hold” and an average target price of $21.29.

Insider Buying and Selling at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the transaction, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.86% of the company’s stock.

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.