Kohl’s (NYSE:KSS) Reaches New 1-Year High on Strong Earnings

by · The Cerbat Gem

Kohl’s Corporation (NYSE:KSS – Get Free Report) shares hit a new 52-week high on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $22.46 and last traded at $22.3950, with a volume of 35463638 shares traded. The stock had previously closed at $15.73.

The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.29. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.37 billion. Kohl’s had a return on equity of 4.62% and a net margin of 1.31%.Kohl’s’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. Kohl’s has set its FY 2025 guidance at 1.250-1.450 EPS.

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. Kohl’s’s dividend payout ratio is presently 27.03%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KSS shares. Wall Street Zen upgraded shares of Kohl’s from a “sell” rating to a “hold” rating in a research report on Monday, September 1st. Jefferies Financial Group lifted their price target on shares of Kohl’s from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday. Robert W. Baird boosted their price objective on shares of Kohl’s from $17.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday. Cowen reaffirmed a “hold” rating on shares of Kohl’s in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on Kohl’s from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, Kohl’s currently has an average rating of “Reduce” and a consensus price target of $15.18.

Read Our Latest Report on Kohl’s

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Kohl’s by 37.0% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 197,974 shares of the company’s stock worth $1,649,000 after buying an additional 53,518 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Kohl’s in the 1st quarter worth $409,000. XTX Topco Ltd raised its holdings in shares of Kohl’s by 313.1% during the 1st quarter. XTX Topco Ltd now owns 142,270 shares of the company’s stock worth $1,164,000 after acquiring an additional 107,831 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Kohl’s by 11.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,968,634 shares of the company’s stock valued at $16,103,000 after acquiring an additional 197,088 shares during the last quarter. Finally, Amundi boosted its position in shares of Kohl’s by 650.5% during the 1st quarter. Amundi now owns 426,699 shares of the company’s stock valued at $3,490,000 after acquiring an additional 369,841 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Price Performance

The stock has a market cap of $2.70 billion, a PE ratio of 13.03 and a beta of 1.78. The stock’s fifty day moving average is $16.70 and its 200-day moving average is $13.05. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.36 and a quick ratio of 0.19.

Kohl’s Company Profile

(Get Free Report)

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.

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