Kohl’s (NYSE:KSS – Get Rating) issued its quarterly earnings results on Thursday. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.59), RTT News reports. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.69 billion. Kohl’s had a return on equity of 21.86% and a net margin of 4.83%. Kohl’s’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. Kohl’s updated its FY 2022 guidance to $6.45-$6.85 EPS and its FY23 guidance to $6.45-6.85 EPS.
KSS traded up $0.59 during midday trading on Thursday, hitting $43.72. The company had a trading volume of 212,610 shares, compared to its average volume of 2,460,325. Kohl’s has a 52 week low of $42.29 and a 52 week high of $64.38. The company has a quick ratio of 0.60, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 0.82 and a beta of 1.82. The stock’s 50 day moving average price is $57.64 and its 200 day moving average price is $55.36.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.57%. Kohl’s’s dividend payout ratio (DPR) is currently 31.15%.
Large investors have recently bought and sold shares of the company. Fairfield Bush & CO. bought a new stake in shares of Kohl’s during the first quarter worth about $93,000. First Republic Investment Management Inc. bought a new stake in shares of Kohl’s during the first quarter worth about $220,000. Forum Financial Management LP bought a new stake in shares of Kohl’s during the fourth quarter worth about $238,000. Captrust Financial Advisors increased its position in shares of Kohl’s by 21.3% during the first quarter. Captrust Financial Advisors now owns 4,036 shares of the company’s stock worth $244,000 after acquiring an additional 709 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of Kohl’s during the fourth quarter worth about $393,000. 92.72% of the stock is owned by institutional investors.
A number of equities analysts have recently commented on KSS shares. Robert W. Baird cut their price target on shares of Kohl’s from $75.00 to $68.00 in a report on Wednesday, March 2nd. Morgan Stanley cut their price target on shares of Kohl’s from $50.00 to $42.00 and set an “underweight” rating on the stock in a report on Tuesday, April 26th. StockNews.com assumed coverage on shares of Kohl’s in a report on Thursday, March 31st. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kohl’s from $75.00 to $85.00 in a report on Wednesday, March 2nd. Finally, Credit Suisse Group dropped their target price on shares of Kohl’s from $70.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, March 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Kohl’s has a consensus rating of “Hold” and a consensus target price of $62.08.
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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