Equities Analysts Offer Predictions for Kohl’s Co.’s Q1 2024 Earnings (NYSE:KSS)

Kohl’s Co. (NYSE:KSSGet Rating) – Stock analysts at Jefferies Financial Group cut their Q1 2024 EPS estimates for Kohl’s in a report released on Wednesday, September 14th. Jefferies Financial Group analyst S. Wissink now forecasts that the company will post earnings per share of ($0.06) for the quarter, down from their previous estimate of $0.16. Jefferies Financial Group has a “Hold” rating and a $29.00 price objective on the stock. The consensus estimate for Kohl’s’ current full-year earnings is $3.00 per share. Jefferies Financial Group also issued estimates for Kohl’s’ Q2 2024 earnings at $0.91 EPS, Q3 2024 earnings at $0.78 EPS, Q4 2024 earnings at $1.56 EPS and FY2024 earnings at $3.19 EPS.

A number of other equities analysts have also recently commented on KSS. Guggenheim dropped their price target on shares of Kohl’s from $68.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, July 5th. Telsey Advisory Group lowered their price objective on shares of Kohl’s from $55.00 to $35.00 and set a “market perform” rating for the company in a research report on Tuesday, July 5th. Cowen lowered shares of Kohl’s from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $60.00 to $35.00 in a report on Thursday, August 4th. Morgan Stanley reduced their price target on shares of Kohl’s from $38.00 to $19.00 and set an “underweight” rating for the company in a report on Tuesday, July 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kohl’s from $37.00 to $36.00 in a report on Friday, August 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.87.

Kohl’s Stock Performance

Shares of NYSE:KSS opened at $28.74 on Monday. Kohl’s has a 52 week low of $26.07 and a 52 week high of $64.38. The stock has a market capitalization of $3.35 billion, a P/E ratio of 5.67, a PEG ratio of 1.20 and a beta of 1.60. The firm has a fifty day simple moving average of $29.74 and a two-hundred day simple moving average of $42.80. The company has a quick ratio of 0.18, a current ratio of 1.37 and a debt-to-equity ratio of 1.01.

Kohl’s (NYSE:KSSGet Rating) last announced its quarterly earnings results on Thursday, August 18th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.91 billion. Kohl’s had a net margin of 3.70% and a return on equity of 15.04%. Kohl’s’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.48 EPS.

Kohl’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.96%. The ex-dividend date is Tuesday, September 6th. Kohl’s’s dividend payout ratio (DPR) is presently 39.45%.

Insiders Place Their Bets

In other Kohl’s news, Director Jonas Prising acquired 10,000 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was acquired at an average price of $29.67 per share, with a total value of $296,700.00. Following the completion of the purchase, the director now owns 60,647 shares in the company, valued at approximately $1,799,396.49. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Jonas Prising acquired 10,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were bought at an average price of $29.67 per share, with a total value of $296,700.00. Following the completion of the acquisition, the director now owns 60,647 shares in the company, valued at $1,799,396.49. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter Boneparth acquired 25,000 shares of the business’s stock in a transaction on Friday, August 19th. The shares were bought at an average cost of $30.01 per share, for a total transaction of $750,250.00. Following the acquisition, the director now owns 70,700 shares of the company’s stock, valued at approximately $2,121,707. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kohl’s

Hedge funds and other institutional investors have recently bought and sold shares of the company. TCI Wealth Advisors Inc. grew its position in Kohl’s by 187.3% in the 1st quarter. TCI Wealth Advisors Inc. now owns 609 shares of the company’s stock valued at $37,000 after buying an additional 397 shares during the last quarter. Allworth Financial LP boosted its position in shares of Kohl’s by 172.6% in the 1st quarter. Allworth Financial LP now owns 616 shares of the company’s stock worth $37,000 after buying an additional 390 shares in the last quarter. Future Financial Wealth Managment LLC boosted its position in shares of 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 in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Kohl’s in the 2nd quarter worth about $26,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Kohl’s in the 1st quarter worth about $49,000. 91.96% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Articles

Earnings History and Estimates for Kohl's (NYSE:KSS)

Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.