Kohl’s (NYSE:KSS) Announces Earnings Results

Kohl’s (NYSE:KSS – Get Rating) released its quarterly earnings results on Wednesday. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.57, Briefing.com reports. Kohl’s had a negative net margin of 0.11% and a negative return on equity of 0.47%. The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the company earned $0.11 EPS. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. Kohl’s updated its FY24 guidance to $2.10-2.70 EPS.

Kohl’s Trading Down 0.5 %

KSS stock traded down $0.10 during mid-day trading on Friday, reaching $19.57. 684,616 shares of the stock traded hands, compared to its average volume of 4,482,618. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.18 and a current ratio of 1.17. Kohl’s has a one year low of $18.61 and a one year high of $47.63. The stock has a market capitalization of $2.17 billion, a PE ratio of -45.74, a PEG ratio of 1.10 and a beta of 1.66. The business has a 50-day moving average price of $21.77 and a two-hundred day moving average price of $26.52.

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 10.22%. The ex-dividend date is Tuesday, June 6th. Kohl’s’s dividend payout ratio is presently -465.11%.

Analyst Ratings Changes

Several research firms recently commented on KSS. Telsey Advisory Group reaffirmed a “market perform” rating and set a $35.00 target price on shares of Kohl’s in a report on Wednesday, March 1st. Guggenheim dropped their target price on shares of Kohl’s from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, February 2nd. StockNews.com began coverage on shares of Kohl’s in a research report on Thursday, May 18th. They set a “hold” rating for the company. Citigroup raised their price objective on shares of Kohl’s from $19.00 to $20.00 in a research note on Thursday. Finally, The Goldman Sachs Group reduced their price target on shares of Kohl’s from $27.00 to $24.00 and set a “sell” rating for the company in a research note on Thursday, March 2nd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.88.

Insider Buying and Selling at Kohl’s

In related news, CEO Thomas Kingsbury purchased 92,500 shares of the business’s stock in a transaction dated Wednesday, March 29th. The shares were purchased at an average cost of $21.82 per share, for a total transaction of $2,018,350.00. Following the completion of the acquisition, the chief executive officer now owns 228,993 shares in the company, valued at approximately $4,996,627.26. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Kohl’s

Hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC purchased a new position in shares of Kohl’s in the 2nd quarter valued at approximately $26,000. SkyView Investment Advisors LLC acquired a new position in Kohl’s in the 1st quarter worth approximately $27,000. Quarry LP grew its stake in shares of Kohl’s by 81.1% during the 1st quarter. Quarry LP now owns 1,326 shares of the company’s stock worth $31,000 after purchasing an additional 594 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of Kohl’s during the 4th quarter worth approximately $55,000. Finally, Belpointe Asset Management LLC grew its stake in shares of Kohl’s by 61.8% during the 1st quarter. Belpointe Asset Management LLC now owns 2,363 shares of the company’s stock worth $56,000 after purchasing an additional 903 shares during the period. 95.50% of the stock is owned by hedge funds and other institutional investors.

About Kohl’s

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Kohl’s Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children, home products, beauty products, and accessories. The stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences.