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Published: Fri, January 06, 2017
Economy | By Melissa Porter

Kohl's Corporation (KSS) Releases FY17 Earnings Guidance

Kohl's Corporation (KSS) Releases FY17 Earnings Guidance

Kohl's Corp. on 11/10/2016 reported its EPS as $0.8 with the analysts projecting the EPS of the stock as $0.7.

S&P Capital IQ Levy has slashed his price target on Macy's shares by $6 a share from $44 to $38. Finally, Zacks Investment Research upgraded shares of Kohl's Corporation from a "hold" rating to a "buy" rating and set a $58.00 price objective for the company in a research note on Tuesday, December 20th.

Analysts that track the company may use various metrics to aid with calculating target price predictions.

Kohl's Corp. said Wednesday that a disappointing holiday season has prompted the retailer to cut its earnings guidance for its fiscal 2016 period. The mean price target is calculated keeping in view the consensus of 13 analysts.

Stock has got outperform rating from 4 analysts of Thomson Reuters whereas 5 analysts given hold rating to the stock. (NYSE:KSS) traded up 4.83% during mid-day trading on Friday, hitting $55.79. Kohl's Corp. has a 52-week low of $33.87 and a 52-week high of $57.27. "We expect the shift of purchases to alternative channels such as online and the off-price channel to continue in 2017". The firm has a SMA 50 (Simple Moving Average) of 7.98% and a SMA 200-(Simple Moving Average) of 26.47%. FMR LLC now owns 3,992,895 shares of the company's stock worth $151,410,000 after buying an additional 906,801 shares during the last quarter. The reported earnings topped the analyst's consensus by $0.07 with the surprise factor around 6.00%. The company earned $4.33 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period a year ago, the business earned $0.75 EPS.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 21st. The ex-dividend date of this dividend was Monday, December 5th. This represents a $2.00 dividend on an annualized basis and a yield of 3.86%. Kohl's Corporation's dividend payout ratio (DPR) is presently 61.16%.

J C Penney Company Inc (NYSE: JCP) hasn't released holiday sales numbers yet, but it recently completed the sale of its corporate headquarters complex in Plano, Texas, to help pay down the company's massive debt load. Cooke & Bieler LP raised its stake in shares of Kohl's Corporation by 10.5% in the second quarter. According to them, the median (average) EPS the company could deliver is 1.64/share.

Kohl's market capitalization fell to $7.7 billion today from $9.2 billion yesterday.

Kohl's Corporation (NYSE:KSS) traded up 4.22% on Wednesday, reaching $51.88. Oppenheimer & Co. Inc. now owns 6,483 shares of the company's stock worth $246,000 after buying an additional 40 shares during the period.

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