Kohl’s (NYSE:KSS) Issues FY 2024 Earnings Guidance

26 Nov 2024, 07:40 by Teresa Graham · The Cerbat Gem

Kohl’s (NYSE:KSS – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.200-1.500 for the period, compared to the consensus EPS 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 Trading Up 7.7 %

Shares of NYSE:KSS opened at $18.34 on Tuesday. Kohl’s has a 12-month low of $16.12 and a 12-month high of $29.60. The company has a market cap of $2.04 billion, a PE ratio of 7.19, a price-to-earnings-growth ratio of 1.20 and a beta of 1.94. The stock has a 50 day moving average of $18.93 and a 200 day moving average of $20.83. 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 (NYSE:KSS – Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. As a group, equities research analysts expect that Kohl’s will post 1.77 EPS for the current year.

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 10.91%. Kohl’s’s dividend payout ratio is presently 78.43%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and cut their target price for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Morgan Stanley cut their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday. Evercore ISI reduced their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 target price on shares of Kohl’s in a research report on Wednesday, August 28th. Finally, Robert W. Baird reduced their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Kohl’s currently has a consensus rating of “Hold” and a consensus target price of $20.14.

Get Our Latest Report on KSS

Insider Activity at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by insiders.

About Kohl’s

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