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

Kohl’s (NYSE:KSS) is set to issue its quarterly earnings data before the market opens on Tuesday, November 26th. Analysts expect the company to announce 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 announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. Kohl’s’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. 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

Shares of KSS stock opened at $17.38 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The company has a market capitalization 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’s 50 day moving average price is $19.22 and its two-hundred day moving average price is $21.13. Kohl’s has a 52 week low of $17.22 and a 52 week high of $29.60.

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 11.51%. Kohl’s’s dividend payout ratio is currently 78.43%.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’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 of the company’s stock, valued at $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KSS. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Kohl’s in a research note on Wednesday, August 28th. JPMorgan Chase & Co. cut shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price for the company. in a research note on Thursday, August 29th. Evercore ISI decreased their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. Morgan Stanley cut shares of Kohl’s to an “underweight” rating and decreased their target price for the company from $18.00 to $17.00 in a research note on Tuesday, August 27th. Finally, Citigroup decreased their target price on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Kohl’s has a consensus rating of “Hold” and a consensus target price of $20.43.

Kohl’s Company Profile

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.