How Much Is Kohl’s Worth?

Plantation, Florida, USA - December 5, 2020:  Kohl's, an American department store retail chain is the largest department store chain in the United States with 1,162 stores across 49 states.
JillianCain / Getty Images

Kohl’s department stores present shoppers with tons of home-focused products like furniture, clothes and linens. Betrothed couples and new parents can also take advantage of its registry services. Although the store offers the same kinds of products as many other big retailers, it has struggled more than some since the beginning of the pandemic. The following breakdown can help investors understand Kohl’s market presence and whether to invest in the company.

About Kohl’s
Headquarters Menomonee Falls, Wis.
Year Founded 1962
CEO Michelle Gass’ Salary (2020) $1.25 million base pay
What Kohl’s Is Worth
Share Price, 52-Week Range $43.67-$64.80
2021 Revenue $19.433B
2021 Profit $938M
GOBankingRates’ Evaluation of Kohl’s Net Worth $16.33B
Information on 52-week range is accurate as of  March 11, 2022.

Kohl’s Market Cap: $7.627B

Investors use market capitalization, or market cap for short, to gauge a company’s worth, and the market cap is really just the value of all the company’s stock combined. Kohl’s current market cap is $7.627 billion based on a share price of $54.90.

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Kohl’s Net Worth: $16.33B

Market cap gives investors and prospectors an idea of a company’s worth, but with a caveat: Market prices change day to day, which means a bad trading day could throw off the company’s valuation.

The GOBankingRates Evaluation of a company’s net worth, however, considers factors like profit and revenue. The resulting value is more conservative but based on concrete figures.

Based on Kohl’s revenue and profits from the last three years and its assets and debts, Kohl’s is worth $16.33 billion.

Past and Present Challenges

The early 2000s saw Kohl’s greatly expand its physical footprint from 76 stores in the Midwest in 1992 to an additional 28 stores in California alone in 2003, plus more in the Northwest and South in the years that followed. Kohl’s hasn’t been immune to competition from online retailers, however. The company’s then-CEO, Kevin Mansell, acknowledged planned store closures in 2016, according to CNBC.

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In the year or two prior to the pandemic, Kohl’s responded to reduced customer traffic by trimming its inventory and taking advantage of back-to-school shopping trends. Department stores continued to navigate the disruptive aspect of online shopping, but Kohl’s strategy of maximizing prime inventory appeared to help its share prices.

Then COVID-19 hit, forcing temporary store closures and putting 85,000 Kohl’s employees on furlough.

It goes without saying that the pandemic dealt Kohl’s a major blow in 2020, driving net sales down 20.4% compared to 2019. The retailer finished the year $163 million in the red following a staggering 124% decline in profits from the 12 months prior.

Although the second half of 2021 saw consumers returning to stores and their pre-pandemic shopping habits, Kohl’s disappointing holiday sales kept fourth-quarter results from meeting analysts’ expectations, CNBC reported. Still, net sales increased 5.8% year over year, driven by double-digit growth in store sales — in particular, Active, which grew more than 25% in the fourth quarter. Diluted earnings per share of $2.20 exceeded the company’s earlier guidance.

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For the year, Kohl’s delivered all-time record adjusted diluted earnings per share of $7.33, driven by 40% growth in its Active business, according to the fourth-quarter earnings presentation.

The company is optimistic about 2022. In its full-year guidance, Kohl’s said it anticipates a 2% to 3% increase in net sales compared to 2021 and EPS of $7 to $7.50. And in a sign Kohl’s is flush with cash, the board approved a 100% dividend increase to $2.00 per year for 2022. In addition, the company will repurchase at least $1 billion in shares in 2022.

Kohl’s stock has a consensus “buy” rating from 21 analysts polled by Yahoo Finance. Their average price target is $64.33, which is about 17% higher than the current $54.90 share price.

Kohl’s History and Investors

Kohl’s founder Max Kohl started a grocery store chain in 1946, and in 1962 established the first Kohl’s department store in Brookfield, Wis., a short distance away from today’s Kohl’s headquarters in Menomonee Falls, Wis. Max Kohl’s son Herb helped run the family business, becoming its president in 1970, until BATUS Inc., the U.S. division of British American Tobacco, took complete control of the company in 1978.

Kohl’s went public in 1992. The company launched in 2001. It operates more than 1,100 stores in 49 states and has its own retail credit card.

Kohl’s shareholders primarily include large financially focused companies such as Vanguard, BlackRock Inc. and JPMorgan Chase, which are its largest shareholders. T. Rowe Price also holds millions of shares.

Daria Uhlig contributed to the reporting for this article.

Data is accurate as of March 11, 2022, and subject to change.

Methodology: The GOBankingRates Evaluation assesses a company’s net worth based on the company’s total assets, total liabilities, and revenue and net income from the last three years. Base value is established by subtracting total liabilities from total assets from the company’s last full fiscal year. Income value is established by taking the average of the revenue from the last three full fiscal years, plus 10 times the average of the net profits from the last three full fiscal years, and then calculating the average of those two figures. The final GOBankingRates Evaluation number is the sum of the base value and the income value.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.

About the Author

Sean joined the GOBankingRates team in 2018, bringing with him several years of experience with both military and collegiate writing and editing experience. Sean’s first foray into writing happened when he enlisted in the Marines, with the occupational specialty of combat correspondent. He covered military affairs both in garrison and internationally when he deployed to Afghanistan. After finishing his enlistment, he completed his BA in English at UC Berkeley, eventually moving to Southern California.

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