Kohl’s Co. (NYSE:KSS) to Issue Quarterly Dividend of $0.13

Kohl’s Co. (NYSE:KSS) announced a quarterly dividend on Tuesday, March 11th, RTT News reports. Investors of record on Friday, March 21st will be given a dividend of 0.125 per share on Wednesday, April 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 4.14%.

Kohl’s has raised its dividend payment by an average of 26.0% annually over the last three years. Kohl’s has a dividend payout ratio of 172.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Kohl’s to earn $1.22 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 163.9%.

Kohl’s Price Performance

KSS opened at $12.08 on Tuesday. The firm’s fifty day moving average price is $12.67 and its two-hundred day moving average price is $16.08. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 5.44 and a beta of 1.92. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl’s has a 1 year low of $10.91 and a 1 year high of $29.60.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the prior year, the company earned $1.67 EPS. The business’s revenue for the quarter was down 9.4% on a year-over-year basis. As a group, analysts anticipate that Kohl’s will post 1.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $18.00 in a research note on Wednesday, November 27th. Gordon Haskett cut Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target on the stock. in a research report on Tuesday, November 26th. Telsey Advisory Group decreased their price objective on Kohl’s from $17.00 to $13.00 and set a “market perform” rating for the company in a report on Wednesday, March 5th. Citigroup dropped their price objective on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Finally, TD Cowen reduced their target price on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.84.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the transaction, the executive vice president now directly owns 133,091 shares in the company, valued at $1,869,928.55. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.86% of the company’s stock.

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.