Published: Fri, August 11, 2017
Economy | By Annette Adams

Kohl's Corporation (KSS) Announces $0.55 Quarterly Dividend

Kohl's Corporation (KSS) Announces $0.55 Quarterly Dividend

Gulf International Bank UK Ltd boosted its stake in shares of Kohl's Corporation by 5.4% in the first quarter. The stock declined 1.74% or $0.55 reaching $31 per share. Nationwide Fund has 0.01% invested in Kohl's Corporation (NYSE:KSS) for 49,014 shares.

When we take a look at Kohl's' balance sheet, we see that the company's cash position has come down over the previous year (due to Kohl's' share repurchases, primarily), but the company still has an ample amount of cash sitting on its balance sheet. Finally, Ameriprise Financial Inc. raised its position in shares of Kohl's Corporation by 133.8% in the first quarter.

Earnings per share for the final quarter of the company's financial year clocked in at 36 cents, a penny higher than the consensus forecast. During first-quarter fiscal 2017, the company made additional progress on its initiatives and as a result, inventory per store decreased 1%, while units per store were 5% lower. CENTRAL TRUST Co now owns 3,324 shares of the company's stock valued at $129,000 after buying an additional 1,352 shares in the last quarter.

Kohl's hasn't lowered its liabilities by a big amount over the past year, but declining liabilities are still a move into the right direction.

Kohl's Corporation (NYSE:KSS) last posted its quarterly earnings data on Thursday, August 10th.

We believe these efforts are well reflected in the share prices of the company. The company has market cap of $6.68 billion. $43.83's average target is 12.07% above currents $39.11 stock price. It is negative, as 50 investors sold Kohl's Corporation shares while 189 reduced holdings. Kohl's Corporation also saw unusually large options trading activity on Wednesday. After a recent spot-check, the stock has touched $20.77 which represents a change from the open of -8.18%. This is an increase of 603% compared to the average volume of 2,886 call options. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.19 by $0.05. Kohl's Corporation had a net margin of 3.25% and a return on equity of 13.29%. Henderson Gp Public Ltd Company has 0.01% invested in Kohl's Corporation (NYSE:KSS) for 24,073 shares. Kohl's has also been turning itself into a serious e-commerce player: In the last three years, it pumped $2 billion into its technology and $1 billion into its stores. Same-store sales fell 0.4%, not as steep as analysts had expected, compared to a drop of 1.8% a year ago.

Kohl's KSS, -6.28% reported earnings of $1.24 per share, up from $1.22 a year ago and ahead of the $1.19 per share FactSet consensus.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. The dividend will be payable on September 20, 2017 to stockholders on record as of September 6, 2017. Kohl's Corporation's dividend payout ratio (DPR) is 64.14%.

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KSS has been the subject of a number of other research reports. Finally, BidaskClub raised Kohl's Corporation from a "hold" rating to a "buy" rating in a research report on Wednesday, August 2nd.

WARNING: "Kohl's Corporation (KSS) Stake Held by BLB&B Advisors LLC" was posted by Transcript Daily and is owned by of Transcript Daily. Jefferies Group LLC reiterated a "buy" rating and set a $48.00 target price on shares of Kohl's Corporation in a research report on Sunday, July 30th. Vetr downgraded Kohl's Corporation from a "strong-buy" rating to a "buy" rating and set a $40.78 price target on the a research note on Monday, May 15th.

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