Kohl’s (KSS) to Release Quarterly Earnings on Tuesday

Kohl’s (NYSE:KSS) is scheduled to announce its earnings results 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.Investors that wish to listen to the company’s conference call can do so using this link.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The firm 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%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $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 Price Performance

Shares of NYSE:KSS opened at $17.03 on Friday. The company’s 50-day moving average is $18.94 and its 200 day moving average is $20.91. 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 $1.89 billion, a P/E ratio of 6.68, a price-to-earnings-growth ratio of 1.16 and a beta of 1.94. Kohl’s has a fifty-two week low of $16.12 and a fifty-two week high of $29.60.

Kohl’s Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 11.74%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is currently 78.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KSS. Morgan Stanley downgraded shares of Kohl’s to an “underweight” rating and cut their price target for the stock from $18.00 to $17.00 in a report on Tuesday, August 27th. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a research note on Thursday, August 29th. Evercore ISI lowered their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Robert W. Baird decreased their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, Citigroup decreased their price target on Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Two investment 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’s stock. According to MarketBeat.com, Kohl’s currently has an average rating of “Hold” and a consensus price target of $20.43.

Insiders Place Their Bets

In related 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 completion of the transaction, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is owned by insiders.

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.