Zacks Research Has Negative Forecast for Kohl’s Q2 Earnings

Kohl’s Corporation (NYSE:KSS) – Research analysts at Zacks Research reduced their Q2 2027 EPS estimates for shares of Kohl’s in a report issued on Thursday, June 19th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $0.15 per share for the quarter, down from their previous estimate of $0.24. The consensus estimate for Kohl’s’ current full-year earnings is $1.30 per share.

KSS has been the subject of several other research reports. Robert W. Baird increased their price target on shares of Kohl’s from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, May 30th. Evercore ISI cut their price target on shares of Kohl’s from $9.00 to $8.00 and set an “in-line” rating on the stock in a research note on Friday, May 2nd. Barclays lifted their target price on Kohl’s from $4.00 to $5.00 and gave the company an “underweight” rating in a report on Friday, May 30th. JPMorgan Chase & Co. boosted their price target on shares of Kohl’s from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Monday, May 19th. Finally, Bank of America lowered their target price on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, March 12th. Eight research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.75.

Kohl’s Price Performance

NYSE:KSS opened at $8.11 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.14 and a current ratio of 1.09. The stock has a 50 day moving average price of $7.72 and a 200 day moving average price of $10.24. The stock has a market cap of $908.64 million, a PE ratio of 7.44 and a beta of 1.66. Kohl’s has a one year low of $6.04 and a one year high of $24.83.

Kohl’s (NYSE:KSS) last announced its earnings results on Thursday, May 29th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.09. Kohl’s had a return on equity of 4.71% and a net margin of 0.75%. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. The business’s revenue was down 4.1% compared to the same quarter last year.

Institutional Investors Weigh In On Kohl’s

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its position in shares of Kohl’s by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 539,595 shares of the company’s stock worth $7,576,000 after acquiring an additional 15,938 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Kohl’s by 6.9% during the fourth quarter. New York State Common Retirement Fund now owns 49,126 shares of the company’s stock worth $690,000 after purchasing an additional 3,186 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Kohl’s by 3.3% in the fourth quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company’s stock worth $51,190,000 after purchasing an additional 117,819 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Kohl’s by 2.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 59,987 shares of the company’s stock worth $842,000 after purchasing an additional 1,522 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in Kohl’s by 64.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 17,803 shares of the company’s stock valued at $250,000 after purchasing an additional 7,000 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 6.17%. The ex-dividend date is Wednesday, June 11th. Kohl’s’s dividend payout ratio (DPR) is 45.87%.

Kohl’s Company Profile

Kohl’s Corporation operates as an omnichannel retailer 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 Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.