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. Shareholders of record on Wednesday, December 11th will be paid a dividend of 0.50 per share on Tuesday, December 24th. This represents a $2.00 dividend on an annualized basis and a yield of 13.06%. The ex-dividend date is Wednesday, December 11th.

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 143.9% 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 $1.32 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 151.5%.

Kohl’s Trading Down 0.5 %

NYSE:KSS opened at $15.31 on Monday. Kohl’s has a 12-month low of $14.22 and a 12-month high of $29.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The business has a 50 day simple moving average of $18.17 and a 200 day simple moving average of $20.16. The firm has a market capitalization of $1.70 billion, a P/E ratio of 6.90, a P/E/G ratio of 1.47 and a beta of 1.89.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the business earned $0.53 EPS. The firm’s revenue was down 8.5% on a year-over-year basis. Equities research analysts predict that Kohl’s will post 1.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Baird R W cut Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Citigroup cut their price objective on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Morgan Stanley dropped their price target on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday, November 25th. TD Cowen decreased their price objective on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Finally, Evercore ISI lowered their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, Kohl’s currently has a consensus rating of “Hold” and a consensus target price of $17.22.

Insider Activity

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction that occurred 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 directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.86% of the stock is currently owned by company insiders.

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.