Kohl’s (NYSE:KSS – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $6.45-$6.85 for the period, compared to the consensus earnings per share estimate of $7.18. The company issued revenue guidance of $18.47 billion-$18.66 billion, compared to the consensus revenue estimate of $18.91 billion.Kohl’s also updated its FY23 guidance to $6.45-6.85 EPS.
KSS stock opened at $39.20 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.40 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $5.04 billion, a PE ratio of 6.09, a PEG ratio of 0.82 and a beta of 1.82. Kohl’s has a twelve month low of $38.61 and a twelve month high of $64.38. The stock has a 50-day simple moving average of $57.17 and a two-hundred day simple moving average of $55.21.
Kohl’s (NYSE:KSS – Get Rating) last posted its earnings results on Thursday, May 19th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.59). The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a net margin of 4.87% and a return on equity of 19.47%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 EPS. On average, equities research analysts anticipate that Kohl’s will post 6.83 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.10%. Kohl’s’s dividend payout ratio (DPR) is presently 31.06%.
A number of analysts have recently issued reports on the company. Robert W. Baird dropped their price target on Kohl’s from $66.00 to $60.00 and set an outperform rating for the company in a research report on Friday. StockNews.com assumed coverage on Kohl’s in a research report on Thursday, March 31st. They set a buy rating for the company. Guggenheim dropped their target price on Kohl’s to $68.00 in a research report on Friday. Telsey Advisory Group dropped their target price on Kohl’s from $60.00 to $55.00 and set a market perform rating for the company in a research report on Friday. Finally, Cowen dropped their target price on Kohl’s from $75.00 to $60.00 and set an outperform rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $56.93.
Institutional investors and hedge funds have recently bought and sold shares of the company. Starboard Value LP purchased a new stake in Kohl’s in the first quarter worth $201,401,000. Allianz Asset Management GmbH grew its stake in Kohl’s by 1.3% in the fourth quarter. Allianz Asset Management GmbH now owns 2,872,087 shares of the company’s stock worth $141,853,000 after purchasing an additional 36,351 shares during the period. Sei Investments Co. grew its stake in Kohl’s by 40.3% in the fourth quarter. Sei Investments Co. now owns 310,990 shares of the company’s stock worth $15,228,000 after purchasing an additional 89,284 shares during the period. Weiss Multi Strategy Advisers LLC bought a new stake in Kohl’s in the first quarter worth $11,078,000. Finally, Evergreen Capital Management LLC boosted its holdings in Kohl’s by 258.3% in the first quarter. Evergreen Capital Management LLC now owns 125,622 shares of the company’s stock worth $7,595,000 after acquiring an additional 90,566 shares in the last quarter. 92.72% of the stock is currently owned by hedge funds and other institutional investors.
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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