Kohl’s (NYSE:KSS) Announces Earnings Results, Misses Estimates By $0.59 EPS

Kohl’s (NYSE:KSS – Get Rating) issued its quarterly earnings results on Thursday. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.59), RTT News reports. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a return on equity of 19.47% and a net margin of 4.87%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 EPS. Kohl’s updated its FY 2022 guidance to $6.45-$6.85 EPS and its FY23 guidance to $6.45-6.85 EPS.

Shares of KSS stock opened at $39.20 on Friday. The stock’s 50 day simple moving average is $57.17 and its 200 day simple moving average is $55.22. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.60 and a current ratio of 1.40. Kohl’s has a twelve month low of $38.61 and a twelve month high of $64.38. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 0.82 and a beta of 1.82.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 22nd. Investors of record on Wednesday, June 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend is Tuesday, June 7th. Kohl’s’s payout ratio is 31.06%.

Several hedge funds have recently modified their holdings of the stock. Moody National Bank Trust Division increased its position in Kohl’s by 3.4% in the 1st quarter. Moody National Bank Trust Division now owns 5,185 shares of the company’s stock worth $313,000 after buying an additional 170 shares during the period. Field & Main Bank increased its position in Kohl’s by 66.7% in the 4th quarter. Field & Main Bank now owns 500 shares of the company’s stock worth $25,000 after buying an additional 200 shares during the period. Future Financial Wealth Managment LLC increased its position in Kohl’s by 40.0% in the 1st quarter. Future Financial Wealth Managment LLC now owns 700 shares of the company’s stock worth $42,000 after buying an additional 200 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its position in Kohl’s by 1.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,080 shares of the company’s stock worth $646,000 after buying an additional 203 shares during the period. Finally, Quadrant Capital Group LLC increased its position in Kohl’s by 24.1% in the 1st quarter. Quadrant Capital Group LLC now owns 1,493 shares of the company’s stock worth $90,000 after buying an additional 290 shares during the period. 92.72% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have commented on KSS. Zacks Investment Research lowered Kohl’s from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a research report on Friday, January 21st. Guggenheim decreased their price objective on Kohl’s to $68.00 in a research report on Friday. Gordon Haskett lowered Kohl’s from a “buy” rating to an “accumulate” rating and decreased their price objective for the stock from $85.00 to $70.00 in a research report on Thursday, February 10th. JPMorgan Chase & Co. decreased their price objective on Kohl’s from $61.00 to $50.00 in a research report on Monday, May 16th. Finally, Morgan Stanley decreased their price objective on Kohl’s from $42.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Kohl’s presently has a consensus rating of “Hold” and a consensus price target of $56.93.

About Kohl’s (Get Rating)

Kohl's Corporation operates as a retail company 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 Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

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