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

Kohl’s (NYSE:KSS) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.200-1.500 for the period, compared to the consensus EPS 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 Trading Up 7.7 %

Shares of NYSE:KSS opened at $18.34 on Tuesday. Kohl’s has a 12-month low of $16.12 and a 12-month high of $29.60. The company has a market cap of $2.04 billion, a PE ratio of 7.19, a price-to-earnings-growth ratio of 1.20 and a beta of 1.94. The stock has a 50 day moving average of $18.93 and a 200 day moving average of $20.83. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. As a group, equities research analysts expect that Kohl’s will post 1.77 EPS for the current year.

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be issued 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 yield of 10.91%. Kohl’s’s dividend payout ratio is presently 78.43%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and cut their target price for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Morgan Stanley cut their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday. Evercore ISI reduced their price objective on shares of 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. Telsey Advisory Group restated a “market perform” rating and set a $23.00 target price on shares of Kohl’s in a research report on Wednesday, August 28th. Finally, Robert W. Baird reduced their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Kohl’s currently has a consensus rating of “Hold” and a consensus target price of $20.14.

Insider Activity at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the transaction, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by insiders.

About Kohl’s

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.