Kohl’s (NYSE:KSS) Updates 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 Stock Performance

NYSE:KSS opened at $15.24 on Wednesday. The stock has a 50 day simple moving average of $18.86 and a 200 day simple moving average of $20.77. The stock has a market cap of $1.69 billion, a P/E ratio of 5.97, a PEG ratio of 1.30 and a beta of 1.94. Kohl’s has a 1-year low of $14.22 and a 1-year high of $29.60. 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 posted its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the business posted $0.53 EPS. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. Research analysts anticipate that Kohl’s will post 1.77 earnings per share for the current year.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.13%. Kohl’s’s payout ratio is presently 78.43%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KSS. Citigroup cut their price target on Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Morgan Stanley cut their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Monday. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research report on Thursday, August 29th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price objective on shares of Kohl’s in a research report on Wednesday, August 28th. Finally, Evercore ISI decreased their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.13.

Insider Transactions at Kohl’s

In other Kohl’s 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 sale, the executive vice president now owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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.