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

Kohl’s (NYSE:KSS) released its quarterly earnings results on Tuesday. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08), Briefing.com reports. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. 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 previous year, the business posted $0.53 earnings per share. Kohl’s’s revenue for the quarter was down 8.5% on a year-over-year basis. 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 Kohl’s stock opened at $14.74 on Thursday. The company’s 50-day moving average price is $18.78 and its two-hundred day moving average price is $20.73. The stock has a market cap of $1.64 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94. 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 52 week low of $14.22 and a 52 week high of $29.60.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 13.57%. The ex-dividend date is Wednesday, December 11th. Kohl’s’s payout ratio is currently 78.43%.

Analyst Ratings Changes

Several brokerages have recently weighed in on KSS. Evercore ISI lowered their target price on 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. JPMorgan Chase & Co. lowered 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. Morgan Stanley decreased 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. Citigroup reduced their price objective on Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Robert W. Baird lowered shares of Kohl’s from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $18.00 in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.22.

Insider Buying and Selling

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’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 transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.