Kohl’s (NYSE:KSS) Releases FY 2022 Earnings Guidance

Kohl’s (NYSE:KSSGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $6.45-$6.85 for the period, compared to the consensus 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.

Shares of NYSE KSS opened at $39.20 on Friday. Kohl’s has a 52-week low of $38.61 and a 52-week high of $64.38. The firm has a fifty day moving average of $57.17 and a 200-day moving average of $55.21. The stock has a market capitalization of $5.04 billion, a PE ratio of 6.09, a P/E/G ratio of 0.82 and a beta of 1.82. The company has a quick ratio of 0.60, a current ratio of 1.40 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSSGet Rating) last announced its quarterly earnings data on Thursday, May 19th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.59). Kohl’s had a net margin of 4.87% and a return on equity of 19.47%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Equities research analysts expect that Kohl’s will post 6.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 22nd. Investors of record on Wednesday, June 8th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 7th. This represents a $2.00 annualized dividend and a dividend yield of 5.10%. Kohl’s’s payout ratio is 31.06%.

Several research firms recently weighed in on KSS. StockNews.com began coverage on shares of Kohl’s in a report on Thursday, March 31st. They set a buy rating on the stock. Telsey Advisory Group cut their price objective on shares of Kohl’s from $60.00 to $55.00 and set a market perform rating on the stock in a report on Friday. Gordon Haskett lowered shares of Kohl’s from a buy rating to an accumulate rating and cut their price objective for the stock from $85.00 to $70.00 in a report on Thursday, February 10th. Citigroup cut their price objective on shares of Kohl’s from $67.00 to $55.00 and set a buy rating on the stock in a report on Friday. Finally, OTR Global lowered shares of Kohl’s to a positive rating in a report on Wednesday, May 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $56.93.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fairfield Bush & CO. bought a new position in Kohl’s in the 1st quarter worth about $93,000. First Republic Investment Management Inc. acquired a new stake in shares of Kohl’s in the 1st quarter worth approximately $220,000. Forum Financial Management LP acquired a new stake in shares of Kohl’s in the 4th quarter worth approximately $238,000. Captrust Financial Advisors lifted its stake in shares of Kohl’s by 21.3% in the 1st quarter. Captrust Financial Advisors now owns 4,036 shares of the company’s stock worth $244,000 after acquiring an additional 709 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in shares of Kohl’s in the 4th quarter worth approximately $393,000. Hedge funds and other institutional investors own 92.72% of the company’s stock.

About Kohl’s (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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