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

Kohl’s (NYSE:KSS) issued its quarterly earnings data on Tuesday. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08), Briefing.com reports. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. 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 Price Performance

Shares of NYSE KSS opened at $15.24 on Wednesday. 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 has a twelve month low of $14.22 and a twelve month high of $29.60. The stock has a 50 day moving average of $18.86 and a two-hundred day moving average of $20.77. The stock has a market cap of $1.69 billion, a P/E ratio of 5.97, a P/E/G ratio of 1.30 and a beta of 1.94.

Kohl’s Dividend Announcement

The company also recently disclosed 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 is Wednesday, December 11th. Kohl’s’s dividend payout ratio is currently 78.43%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KSS. Citigroup reduced their price objective on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Robert W. Baird dropped their target price on Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. TD Cowen downgraded 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 research report on Friday, August 30th. Evercore ISI dropped their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Finally, Morgan Stanley dropped 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. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $19.00.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’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 completion of the sale, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by company insiders.

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.