Q4 2023 EPS Estimates for Kohl’s Co. (NYSE:KSS) Reduced by Telsey Advisory Group

Kohl’s Co. (NYSE:KSSGet Rating) – Telsey Advisory Group lowered their Q4 2023 earnings per share (EPS) estimates for Kohl’s in a research report issued on Friday, November 18th. Telsey Advisory Group analyst D. Telsey now expects that the company will earn $1.03 per share for the quarter, down from their previous forecast of $1.17. The consensus estimate for Kohl’s’ current full-year earnings is $3.19 per share. Telsey Advisory Group also issued estimates for Kohl’s’ Q1 2024 earnings at $0.09 EPS and Q2 2024 earnings at $1.39 EPS.

KSS has been the subject of several other reports. Cowen downgraded Kohl’s from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $60.00 to $35.00 in a research note on Thursday, August 4th. Cowen lowered Kohl’s from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $60.00 to $35.00 in a research report on Thursday, August 4th. StockNews.com began coverage on Kohl’s in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. upped their target price on Kohl’s from $28.00 to $30.00 in a research report on Friday, September 16th. Finally, Robert W. Baird dropped their target price on Kohl’s from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 9th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Kohl’s has an average rating of “Hold” and an average target price of $31.40.

Kohl’s Stock Down 1.4 %

Shares of Kohl’s stock opened at $30.98 on Monday. The stock has a 50-day moving average price of $28.29 and a 200 day moving average price of $33.00. The company has a market cap of $3.61 billion, a P/E ratio of 7.31, a P/E/G ratio of 1.21 and a beta of 1.59. The company has a current ratio of 1.21, a quick ratio of 0.18 and a debt-to-equity ratio of 1.11. Kohl’s has a 1 year low of $24.61 and a 1 year high of $64.38.

Kohl’s (NYSE:KSSGet Rating) last announced its quarterly earnings data on Thursday, November 17th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.23. The firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.06 billion. Kohl’s had a return on equity of 12.46% and a net margin of 2.98%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.65 EPS.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date is Tuesday, December 6th. Kohl’s’s dividend payout ratio (DPR) is currently 47.17%.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, Director Jonas Prising bought 10,000 shares of the stock in a transaction on Tuesday, August 23rd. The shares were purchased at an average price of $29.67 per share, with a total value of $296,700.00. Following the acquisition, the director now directly owns 60,647 shares of the company’s stock, valued at approximately $1,799,396.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Institutional Trading of Kohl’s

A number of hedge funds have recently modified their holdings of the company. Future Financial Wealth Managment LLC lifted 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 acquiring an additional 200 shares during the period. Quadrant Capital Group LLC lifted its position in shares of 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 acquiring an additional 290 shares during the period. BKD Wealth Advisors LLC lifted its position in shares of Kohl’s by 6.3% in the 1st quarter. BKD Wealth Advisors LLC now owns 5,869 shares of the company’s stock worth $355,000 after acquiring an additional 348 shares during the period. Victory Capital Management Inc. lifted its position in shares of Kohl’s by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 64,492 shares of the company’s stock worth $1,622,000 after acquiring an additional 376 shares during the period. Finally, CENTRAL TRUST Co lifted its position in shares of Kohl’s by 35.7% in the 1st quarter. CENTRAL TRUST Co now owns 1,510 shares of the company’s stock worth $91,000 after acquiring an additional 397 shares during the period. Institutional investors own 91.96% of the company’s stock.

Kohl’s Company Profile

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

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