Kohl’s (KSS) Set to Announce Quarterly Earnings on Tuesday

Kohl’s (NYSE:KSS) is set to post its quarterly earnings results before the market opens on Tuesday, November 26th. Analysts expect Kohl’s to post earnings of $0.28 per share for the quarter. Kohl’s has set its FY 2024 guidance at 1.750-2.250 EPS and its FY25 guidance at $1.75-$2.25 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.13. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.69 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 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share. On average, analysts expect Kohl’s to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kohl’s Stock Performance

NYSE:KSS opened at $17.38 on Tuesday. The stock has a market cap of $1.93 billion, a P/E ratio of 6.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. The stock’s 50-day moving average is $19.22 and its 200-day moving average is $21.13. Kohl’s has a 1-year low of $17.22 and a 1-year high of $29.60.

Kohl’s Announces Dividend

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 issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 11.51%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s payout ratio is presently 78.43%.

Analysts Set New Price Targets

Several brokerages recently commented on KSS. TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and reduced their target price for the company from $25.00 to $21.00 in a report on Friday, August 30th. Evercore ISI reduced their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Morgan Stanley lowered Kohl’s to an “underweight” rating and dropped their price target for the company from $18.00 to $17.00 in a research note on Tuesday, August 27th. Citigroup dropped their price target on Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Robert W. Baird dropped their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.43.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. 0.86% of the stock is 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.