Kohl’s (NYSE:KSS) Updates FY 2024 Earnings Guidance

Kohl’s (NYSE:KSS) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.200-1.500 for the period, compared to the consensus earnings per share estimate of 1.840. The company issued revenue guidance of $15.3 billion-$15.4 billion, compared to the consensus revenue estimate of $16.0 billion. Kohl’s also updated its FY25 guidance to $1.20-1.50 EPS.

Kohl’s Stock Performance

NYSE:KSS opened at $14.74 on Thursday. The firm has a market capitalization of $1.64 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94. The business’s fifty day moving average price is $18.78 and its 200 day moving average price is $20.73. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. Kohl’s has a 12 month low of $14.22 and a 12 month high of $29.60.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period last year, the company earned $0.53 EPS. On average, sell-side analysts anticipate that Kohl’s will post 1.77 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 annualized dividend and a yield of 13.57%. Kohl’s’s dividend payout ratio is presently 78.43%.

Analyst Ratings Changes

KSS has been the subject of several recent research reports. Evercore ISI decreased their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. Guggenheim decreased their target price on shares of Kohl’s from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price for the company. in a research note on Thursday, August 29th. Citigroup decreased their target price on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Baird R W downgraded shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.22.

Insider Activity at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the sale, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by insiders.

Kohl’s Company Profile

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.