Brokerages Expect Kohl’s Co. (NYSE:KSS) Will Post Earnings of $0.85 Per Share

Wall Street brokerages expect Kohl’s Co. (NYSE:KSS) to report $0.85 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Kohl’s’ earnings, with the highest EPS estimate coming in at $0.89 and the lowest estimate coming in at $0.75. Kohl’s posted earnings per share of $0.98 in the same quarter last year, which suggests a negative year-over-year growth rate of 13.3%. The firm is expected to report its next earnings results before the market opens on Tuesday, November 19th.

According to Zacks, analysts expect that Kohl’s will report full-year earnings of $5.23 per share for the current financial year, with EPS estimates ranging from $5.05 to $5.45. For the next year, analysts expect that the firm will post earnings of $5.36 per share, with EPS estimates ranging from $4.81 to $6.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Kohl’s.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.04. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Kohl’s had a net margin of 3.69% and a return on equity of 15.94%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $1.76 EPS.

A number of brokerages have recently commented on KSS. Guggenheim reaffirmed a “buy” rating and set a $60.00 price objective (down previously from $70.00) on shares of Kohl’s in a research note on Wednesday, August 21st. ValuEngine raised shares of Kohl’s from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. TheStreet upgraded Kohl’s from a “c+” rating to a “b-” rating in a research report on Monday, November 11th. Morgan Stanley increased their target price on Kohl’s from $50.00 to $51.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Finally, Wedbush reiterated a “neutral” rating and set a $53.00 target price (up previously from $48.00) on shares of Kohl’s in a research report on Thursday. Three analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $60.47.

Shares of NYSE KSS opened at $59.08 on Monday. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 1.10 and a beta of 1.07. Kohl’s has a 12 month low of $43.33 and a 12 month high of $75.91. The firm’s 50 day simple moving average is $51.98 and its 200-day simple moving average is $51.80. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.65 and a quick ratio of 0.36.

Several large investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in Kohl’s by 15.3% in the 1st quarter. FMR LLC now owns 85,463 shares of the company’s stock valued at $5,877,000 after purchasing an additional 11,313 shares in the last quarter. DNB Asset Management AS lifted its holdings in Kohl’s by 40.3% in the 2nd quarter. DNB Asset Management AS now owns 73,618 shares of the company’s stock valued at $3,501,000 after purchasing an additional 21,130 shares in the last quarter. Investors Research Corp lifted its holdings in Kohl’s by 31.7% in the 2nd quarter. Investors Research Corp now owns 27,309 shares of the company’s stock valued at $1,299,000 after purchasing an additional 6,575 shares in the last quarter. Empirical Finance LLC lifted its holdings in Kohl’s by 0.8% in the 2nd quarter. Empirical Finance LLC now owns 34,620 shares of the company’s stock valued at $1,646,000 after purchasing an additional 285 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in Kohl’s by 4.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 24,445 shares of the company’s stock valued at $1,162,000 after purchasing an additional 1,148 shares in the last quarter. Hedge funds and other institutional investors own 98.40% of the company’s stock.

About Kohl’s

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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Earnings History and Estimates for Kohl`s (NYSE:KSS)

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