Wall Street analysts expect Kohl’s Co. (NYSE:KSS) to announce $4.64 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Kohl’s’ earnings, with the highest sales estimate coming in at $4.66 billion and the lowest estimate coming in at $4.61 billion. Kohl’s reported sales of $4.63 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.2%. The company is scheduled to issue its next earnings results on Tuesday, November 19th.
On average, analysts expect that Kohl’s will report full-year sales of $19.88 billion for the current financial year, with estimates ranging from $19.17 billion to $20.14 billion. For the next fiscal year, analysts anticipate that the company will post sales of $19.99 billion, with estimates ranging from $18.98 billion to $20.48 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Kohl’s.
Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, August 20th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.04. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.25 billion. Kohl’s had a return on equity of 15.94% and a net margin of 3.69%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS.
Several brokerages recently issued reports on KSS. Robert W. Baird lowered their price target on Kohl’s from $80.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, May 22nd. Jefferies Financial Group lowered their price target on Kohl’s from $100.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. Guggenheim reiterated a “buy” rating and issued a $60.00 price target (down from $70.00) on shares of Kohl’s in a report on Wednesday. Goldman Sachs Group set a $56.00 price target on Kohl’s and gave the company a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. downgraded Kohl’s from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 21st. Four analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $61.47.
Shares of KSS traded down $2.15 during trading hours on Tuesday, hitting $45.18. The stock had a trading volume of 4,680,985 shares, compared to its average volume of 5,375,440. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.34 and a current ratio of 1.65. The firm has a market cap of $7.67 billion, a P/E ratio of 8.07, a P/E/G ratio of 0.90 and a beta of 1.00. The company’s fifty day simple moving average is $49.05 and its 200 day simple moving average is $59.11. Kohl’s has a 12-month low of $43.33 and a 12-month high of $83.28.
Several institutional investors have recently made changes to their positions in KSS. Cullen Frost Bankers Inc. acquired a new position in Kohl’s in the first quarter worth about $33,000. Princeton Capital Management LLC grew its stake in Kohl’s by 94.3% in the first quarter. Princeton Capital Management LLC now owns 544 shares of the company’s stock worth $37,000 after purchasing an additional 264 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Kohl’s in the second quarter worth about $26,000. TRUE Private Wealth Advisors acquired a new position in Kohl’s in the second quarter worth about $33,000. Finally, Thor Advisors LLC acquired a new position in Kohl’s in the first quarter worth about $50,000.
Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.
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