Kohl’s (NYSE:KSS) Issues Earnings Results

Kohl’s (NYSE:KSS) posted its earnings results on Tuesday. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08), Briefing.com reports. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. Kohl’s’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 EPS. Kohl’s updated its FY 2024 guidance to 1.200-1.500 EPS and its FY25 guidance to $1.20-1.50 EPS.

Kohl’s Stock Down 3.1 %

Shares of NYSE KSS opened at $14.75 on Friday. The business has a 50-day simple moving average of $18.70 and a two-hundred day simple moving average of $20.68. Kohl’s has a 52 week low of $14.22 and a 52 week high of $29.60. The company has a market cap of $1.64 billion, a P/E ratio of 6.64, a P/E/G ratio of 1.37 and a beta of 1.94. The company has a quick ratio of 0.16, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.56%. Kohl’s’s payout ratio is 90.09%.

Wall Street Analyst Weigh In

Several research firms have weighed in on KSS. Evercore ISI cut their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. Guggenheim cut their price target on shares of Kohl’s from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday. Baird R W downgraded shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Morgan Stanley dropped their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target for the company. in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Kohl’s currently has an average rating of “Hold” and an average price target of $17.22.

Insider Activity

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

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.