Kohl’s (NYSE:KSS) Releases Earnings Results, Beats Estimates By $0.04 EPS

Kohl’s (NYSE:KSS) released its quarterly earnings data on Wednesday. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.04, RTT News reports. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. Kohl’s had a return on equity of 7.27% and a net margin of 1.60%. Kohl’s’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. Kohl’s updated its FY 2024 guidance to 1.750-2.250 EPS and its FY25 guidance to $1.75-$2.25 EPS.

Kohl’s Trading Down 1.4 %

Shares of KSS stock opened at $19.60 on Wednesday. Kohl’s has a fifty-two week low of $17.68 and a fifty-two week high of $29.60. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.19 and a current ratio of 1.21. The stock has a 50 day simple moving average of $21.15 and a two-hundred day simple moving average of $23.88. The company has a market cap of $2.18 billion, a P/E ratio of 7.90, a PEG ratio of 1.90 and a beta of 1.95.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $2.00 annualized dividend and a dividend yield of 10.20%. Kohl’s’s payout ratio is 80.65%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KSS. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research note on Wednesday, August 21st. TD Cowen dropped their price target on shares of Kohl’s from $31.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 31st. JPMorgan Chase & Co. cut their price target on shares of Kohl’s from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Evercore ISI decreased their price objective on Kohl’s from $24.00 to $22.00 and set an “in-line” rating for the company in a report on Friday, May 31st. Finally, Robert W. Baird reduced their price target on Kohl’s from $32.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Kohl’s presently has a consensus rating of “Hold” and a consensus target price of $21.67.

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.