Kohl’s (NYSE:KSS) Shares Gap Down on Disappointing Earnings

Kohl’s Co. (NYSE:KSSGet Free Report)’s share price gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $27.25, but opened at $20.69. Kohl’s shares last traded at $20.41, with a volume of 8,338,309 shares.

The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.28). Kohl’s had a return on equity of 8.40% and a net margin of 1.81%. The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the business earned $0.13 earnings per share. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis.

Kohl’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 9.52%. The ex-dividend date is Wednesday, June 12th. Kohl’s’s payout ratio is 70.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KSS. TD Cowen upped their target price on Kohl’s from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. lifted their target price on shares of Kohl’s from $21.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Telsey Advisory Group reiterated a “market perform” rating and set a $28.00 price target on shares of Kohl’s in a research report on Thursday. StockNews.com upgraded shares of Kohl’s from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Finally, Morgan Stanley lifted their price target on Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $23.50.

Get Our Latest Analysis on Kohl’s

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KSS. CWM LLC grew its holdings in shares of Kohl’s by 59.7% in the fourth quarter. CWM LLC now owns 1,145 shares of the company’s stock valued at $33,000 after purchasing an additional 428 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Kohl’s in the third quarter worth $25,000. Hexagon Capital Partners LLC increased its position in shares of Kohl’s by 133.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,405 shares of the company’s stock worth $40,000 after acquiring an additional 802 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Kohl’s in the fourth quarter valued at $46,000. Finally, Versant Capital Management Inc boosted its holdings in Kohl’s by 392.4% in the fourth quarter. Versant Capital Management Inc now owns 1,694 shares of the company’s stock valued at $49,000 after purchasing an additional 1,350 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Price Performance

The company has a 50 day moving average of $25.18 and a 200 day moving average of $25.93. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.20 and a current ratio of 1.31. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 1.51 and a beta of 2.01.

About Kohl’s

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.