Kohl’s (KSS) to Release Earnings on Thursday

Kohl’s (NYSE:KSS) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.55 per share for the quarter. Kohl’s has set its FY 2024 guidance at 1.250-1.850 EPS and its FY25 guidance at $1.25-$1.85 EPS.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.28). Kohl’s had a net margin of 1.60% and a return on equity of 7.27%. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter last year, the business earned $0.13 EPS. Kohl’s’s revenue for the quarter was down 10.4% compared to the same quarter last year. On average, analysts expect Kohl’s to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kohl’s Stock Performance

Kohl’s stock opened at $21.66 on Thursday. The company has a quick ratio of 0.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.12. Kohl’s has a twelve month low of $17.68 and a twelve month high of $29.65. The company’s 50-day moving average price is $22.54 and its 200-day moving average price is $24.77. The company has a market cap of $2.41 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 1.91 and a beta of 1.95.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, June 12th. This represents a $2.00 dividend on an annualized basis and a yield of 9.23%. Kohl’s’s dividend payout ratio (DPR) is presently 80.65%.

Analyst Upgrades and Downgrades

KSS has been the topic of several analyst reports. StockNews.com downgraded Kohl’s from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. Telsey Advisory Group restated a “market perform” rating and issued a $28.00 target price on shares of Kohl’s in a report on Thursday, May 30th. Robert W. Baird cut their price target on shares of Kohl’s from $32.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. JPMorgan Chase & Co. dropped their target price on Kohl’s from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Finally, TD Cowen cut their target price on Kohl’s from $31.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.44.

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.