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

Kohl’s (NYSE:KSS) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.250-1.850 for the period, compared to the consensus EPS estimate of 2.330. The company issued revenue guidance of $15.9 billion-$16.3 billion, compared to the consensus revenue estimate of $16.6 billion. Kohl’s also updated its FY25 guidance to $1.25-$1.85 EPS.

Analyst Upgrades and Downgrades

Several brokerages have commented on KSS. StockNews.com raised shares of Kohl’s from a hold rating to a buy rating in a report on Thursday, May 16th. Telsey Advisory Group reissued a market perform rating and issued a $28.00 price target on shares of Kohl’s in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Kohl’s from $21.00 to $25.00 and gave the stock a neutral rating in a report on Friday, May 17th. TD Cowen lifted their price objective on shares of Kohl’s from $28.00 to $31.00 and gave the stock an outperform rating in a report on Wednesday, March 13th. Finally, Morgan Stanley boosted their price target on shares of Kohl’s from $18.00 to $19.00 and gave the stock an underweight rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $23.50.

Kohl’s Stock Down 26.5 %

NYSE:KSS traded down $7.22 during mid-day trading on Thursday, hitting $20.03. 10,621,965 shares of the company’s stock were exchanged, compared to its average volume of 5,326,860. Kohl’s has a one year low of $17.68 and a one year high of $29.65. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 0.20. The business has a fifty day moving average price of $25.30 and a 200 day moving average price of $25.96. The company has a market cap of $2.22 billion, a PE ratio of 7.09, a P/E/G ratio of 1.51 and a beta of 2.01.

Kohl’s (NYSE:KSS) last issued its earnings results on Thursday, May 30th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.28). The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.41 billion. Kohl’s had a return on equity of 8.40% and a net margin of 1.81%. The company’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 EPS. Equities analysts predict that Kohl’s will post 2.24 EPS for the current year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $2.00 dividend on an annualized basis and a yield of 9.99%. Kohl’s’s dividend payout ratio (DPR) is 70.18%.

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.