Zacks Research Equities Analysts Increase Earnings Estimates for Kohl’s Co. (NYSE:KSS)

Kohl’s Co. (NYSE:KSS – Get Rating) – Equities research analysts at Zacks Research increased their Q3 2024 EPS estimates for Kohl’s in a report released on Wednesday, March 15th. Zacks Research analyst V. Bagree now expects that the company will post earnings of $0.63 per share for the quarter, up from their prior forecast of $0.52. The consensus estimate for Kohl’s’ current full-year earnings is $2.40 per share. Zacks Research also issued estimates for Kohl’s’ Q4 2024 earnings at $1.31 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $1.07 EPS, FY2025 earnings at $2.46 EPS and FY2026 earnings at $2.34 EPS.

Kohl’s (NYSE:KSS – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The company reported ($2.49) earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($3.54). The firm had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $6.03 billion. Kohl’s had a negative net margin of 0.10% and a negative return on equity of 0.45%. The company’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.20 EPS.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Kohl’s from $33.00 to $26.00 in a report on Tuesday, January 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Kohl’s from $34.00 to $31.00 in a report on Thursday, March 2nd. Citigroup cut their price target on shares of Kohl’s from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, March 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $35.00 price objective on shares of Kohl’s in a research note on Wednesday, March 1st. Finally, StockNews.com initiated coverage on shares of Kohl’s in a research note on Thursday. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Kohl’s presently has an average rating of “Hold” and a consensus target price of $29.25.

Kohl’s Stock Performance

NYSE KSS opened at $23.23 on Friday. The company’s 50-day moving average price is $29.66 and its 200-day moving average price is $28.69. The company has a current ratio of 1.20, a quick ratio of 0.18 and a debt-to-equity ratio of 1.18. The stock has a market cap of $2.57 billion, a PE ratio of -51.62, a PEG ratio of 1.16 and a beta of 1.68. Kohl’s has a 12 month low of $21.47 and a 12 month high of $63.40.

Institutional Trading of Kohl’s

Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. lifted its position in shares of Kohl’s by 279.7% during the third quarter. Russell Investments Group Ltd. now owns 222,887 shares of the company’s stock valued at $5,604,000 after buying an additional 164,186 shares during the last quarter. Whitebox Advisors LLC acquired a new position in shares of Kohl’s during the third quarter valued at about $1,227,000. International Assets Investment Management LLC acquired a new position in shares of Kohl’s during the third quarter valued at about $319,000. Caxton Associates LP increased its holdings in shares of Kohl’s by 100.6% during the third quarter. Caxton Associates LP now owns 49,742 shares of the company’s stock valued at $1,251,000 after acquiring an additional 24,940 shares in the last quarter. Finally, Greatmark Investment Partners Inc. increased its holdings in shares of Kohl’s by 20.6% during the third quarter. Greatmark Investment Partners Inc. now owns 513,675 shares of the company’s stock valued at $12,919,000 after acquiring an additional 87,600 shares in the last quarter. 95.50% of the stock is owned by hedge funds and other institutional investors.

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.61%. The ex-dividend date of this dividend is Tuesday, March 14th. Kohl’s’s payout ratio is -444.43%.

Kohl’s Company Profile

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Kohl’s Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children, home products, beauty products, and accessories. The stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences.