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

Kohl’s (NYSE:KSS) posted its quarterly earnings data on Tuesday. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08), Briefing.com reports. The company 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 business’s revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. 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 KSS stock opened at $14.75 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.16 and a current ratio of 1.05. The firm has a market cap of $1.64 billion, a P/E ratio of 6.64, a P/E/G ratio of 1.37 and a beta of 1.94. The business’s 50 day moving average price is $18.70 and its 200-day moving average price is $20.68. Kohl’s has a fifty-two week low of $14.22 and a fifty-two week high of $29.60.

Kohl’s Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KSS. Baird R W cut Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Telsey Advisory Group decreased their price target on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday. Robert W. Baird cut shares of Kohl’s from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $25.00 to $18.00 in a research note on Wednesday. Morgan Stanley decreased their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday. Finally, Evercore ISI reduced their price objective 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. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Kohl’s has a consensus rating of “Hold” and an average price target of $17.22.

Insider Buying and Selling

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is currently 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.