Kohl’s (NYSE:KSS) Releases 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 Kohl’s stock opened at $14.75 on Friday. The company has a quick ratio of 0.16, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 1.37 and a beta of 1.94. The company has a 50-day simple moving average of $18.70 and a two-hundred day simple moving average of $20.68. Kohl’s has a twelve month low of $14.22 and a twelve month high of $29.60.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. Analysts forecast that Kohl’s will post 1.35 EPS for the current year.

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 13.56%. Kohl’s’s payout ratio is 90.09%.

Analysts Set New Price Targets

KSS has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research note on Thursday, August 29th. Morgan Stanley decreased their price target on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday. TD Cowen decreased their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday. Baird R W lowered Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Telsey Advisory Group decreased their price target on Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Kohl’s currently has an average rating of “Hold” and an average price target of $17.22.

Insiders Place Their Bets

In other Kohl’s 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 transaction 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. The trade was a 10.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.