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

Kohl’s (NYSE:KSS) updated its FY 2024 earnings guidance on Tuesday. 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 Price Performance

Shares of KSS stock opened at $15.24 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. Kohl’s has a 12-month low of $14.22 and a 12-month high of $29.60. The firm has a fifty day moving average of $18.86 and a 200-day moving average of $20.77. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 5.97, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94.

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

Kohl’s Announces Dividend

The business also recently declared 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. This represents a $2.00 dividend on an annualized basis and a yield of 13.13%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s payout ratio is currently 78.43%.

Analysts Set New Price Targets

A number of brokerages recently commented on KSS. Morgan Stanley dropped their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday. Gordon Haskett lowered Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target on the stock. in a report on Tuesday. Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $18.00 in a report on Wednesday. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a research report on Thursday, August 29th. Finally, TD Cowen downgraded Kohl’s from a “buy” rating to a “hold” rating and reduced their price target for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.13.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’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 sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.86% of the company’s stock.

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.