Kohl’s (NYSE:KSS) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Kohl’s (NYSE:KSS) released its quarterly earnings results on Tuesday. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08), Briefing.com reports. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter last year, the company earned $0.53 EPS. Kohl’s’s revenue for the quarter was down 8.5% compared to the same quarter last year. Kohl’s updated its FY 2024 guidance to 1.200-1.500 EPS and its FY25 guidance to $1.20-1.50 EPS.

Kohl’s Stock Down 16.9 %

KSS opened at $15.24 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The firm has a market cap of $1.69 billion, a P/E ratio of 5.97, a PEG ratio of 1.30 and a beta of 1.94. Kohl’s has a 52 week low of $14.22 and a 52 week high of $29.60. The business’s fifty day simple moving average is $18.86 and its 200 day simple moving average is $20.77.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.13%. The ex-dividend date is Wednesday, December 11th. Kohl’s’s payout ratio is currently 78.43%.

Insider Activity at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction 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 sale, the executive vice president now owns 136,799 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KSS. Robert W. Baird cut their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Evercore ISI dropped their price objective 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 dropped their price objective on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a report on Thursday, August 29th. Finally, TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $25.00 to $21.00 in a report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.00.

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.