Q1 2024 EPS Estimates for Kohl’s Co. (NYSE:KSS) Reduced by Analyst

Kohl’s Co. (NYSE:KSSGet Rating) – Jefferies Financial Group lowered their Q1 2024 earnings per share (EPS) estimates for Kohl’s in a research report issued on Wednesday, September 14th. Jefferies Financial Group analyst S. Wissink now expects that the company will earn ($0.06) per share for the quarter, down from their previous forecast of $0.16. Jefferies Financial Group currently has a “Hold” rating and a $29.00 target price 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.

Other analysts also recently issued research reports about the company. TheStreet downgraded Kohl’s from a “b-” rating to a “c” rating in a research note on Friday, June 3rd. UBS Group cut their price objective on shares of Kohl’s from $32.00 to $20.00 in a research report on Friday, July 15th. Evercore ISI decreased their price objective on shares of Kohl’s to $32.00 in a research note on Monday, August 22nd. Telsey Advisory Group dropped 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 report on Tuesday, July 5th. Finally, Cowen cut 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 research report on Thursday, August 4th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $31.87.

Kohl’s Trading Up 0.2 %

KSS stock opened at $28.74 on Monday. The business has a fifty day moving average price of $29.74 and a 200 day moving average price of $42.80. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 5.67, a P/E/G ratio of 1.20 and a beta of 1.60. Kohl’s has a fifty-two week low of $26.07 and a fifty-two week high of $64.38. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.37 and a quick ratio of 0.18.

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

Kohl’s Announces Dividend

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 given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.96%. The ex-dividend date of this dividend is Tuesday, September 6th. Kohl’s’s dividend payout ratio is presently 39.45%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Kohl’s

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Kohl’s by 11.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,005,791 shares of the company’s stock valued at $250,037,000 after purchasing an additional 734,427 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Kohl’s by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,544,711 shares of the company’s stock valued at $274,782,000 after acquiring an additional 305,766 shares in the last quarter. Starboard Value LP bought a new position in shares of Kohl’s in the 1st quarter valued at approximately $201,401,000. LSV Asset Management raised its stake in shares of Kohl’s by 14.1% in the 1st quarter. LSV Asset Management now owns 2,910,648 shares of the company’s stock valued at $175,978,000 after acquiring an additional 360,124 shares in the last quarter. Finally, HG Vora Capital Management LLC raised its stake in shares of Kohl’s by 60.0% in the 1st quarter. HG Vora Capital Management LLC now owns 2,000,000 shares of the company’s stock valued at $120,920,000 after acquiring an additional 750,000 shares in the last quarter. Institutional investors and hedge funds own 91.96% of the company’s stock.

About Kohl’s

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

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