Kohl’s (NYSE:KSS) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Kohl’s (NYSE:KSS) released its quarterly earnings data on Tuesday. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08), Briefing.com reports. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $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 Trading Up 7.7 %

NYSE KSS opened at $18.34 on Tuesday. The stock’s fifty day moving average price is $18.93 and its 200-day moving average price is $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. The stock has a market cap of $2.04 billion, a P/E ratio of 7.19, a P/E/G ratio of 1.20 and a beta of 1.94. Kohl’s has a 12 month low of $16.12 and a 12 month high of $29.60.

Kohl’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 10.91%. The ex-dividend date is Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is 78.43%.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KSS. Evercore ISI decreased their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. Morgan Stanley cut their price objective on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday. Robert W. Baird dropped their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. JPMorgan Chase & Co. downgraded Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a report on Thursday, August 29th. Finally, TD Cowen cut shares of Kohl’s from a “buy” rating to a “hold” rating and dropped their target price for the company from $25.00 to $21.00 in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Kohl’s currently has a consensus rating of “Hold” and a consensus price target of $20.14.

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.