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

Kohl’s (NYSE:KSS) issued its earnings results on Tuesday. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08), Briefing.com reports. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The business’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. 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 Trading Down 3.2 %

Shares of KSS opened at $14.74 on Thursday. The stock’s 50-day moving average price is $18.78 and its 200 day moving average price is $20.73. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. Kohl’s has a 12-month low of $14.22 and a 12-month high of $29.60. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 5.78, a P/E/G ratio of 1.30 and a beta of 1.94.

Kohl’s Dividend Announcement

The business also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 13.57%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s payout ratio is presently 78.43%.

Insiders Place Their Bets

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on KSS shares. Evercore ISI lowered their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Morgan Stanley dropped their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday. Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price for the company. in a research report on Tuesday. TD Cowen lowered their price target on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target for the company. in a report on Thursday, August 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.22.

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.