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 (EPS) guidance of 1.200-1.500 for the period, compared to the consensus 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 Stock Performance

Kohl’s stock opened at $18.34 on Tuesday. Kohl’s has a fifty-two week low of $16.12 and a fifty-two week high of $29.60. The stock’s 50 day simple moving average is $18.93 and its two-hundred day simple moving average is $20.83. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 1.20 and a beta of 1.94.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.13. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. As a group, analysts expect that Kohl’s will post 1.77 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors 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 10.91%. Kohl’s’s payout ratio is 78.43%.

Wall Street Analyst Weigh In

KSS has been the subject of a number of analyst reports. Evercore ISI decreased their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. Citigroup lowered their price objective 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. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target on shares of Kohl’s in a report on Wednesday, August 28th. Robert W. Baird dropped their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, TD Cowen lowered shares of Kohl’s from a “buy” rating to a “hold” rating and reduced their price objective for the company from $25.00 to $21.00 in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Kohl’s presently has an average rating of “Hold” and an average target price of $20.14.

Insiders Place Their Bets

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction that occurred on 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 owns 136,799 shares in the company, valued at approximately $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.86% of the stock is owned by insiders.

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.