Kohl’s (NYSE:KSS) Releases FY 2019 Earnings Guidance

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Kohl’s (NYSE:KSS) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $5.15-5.45 for the period, compared to the Thomson Reuters consensus estimate of $5.23. Kohl’s also updated its FY20 guidance to $5.15-5.45 EPS.

Several research firms recently issued reports on KSS. JPMorgan Chase & Co. lowered shares of Kohl’s from an overweight rating to a neutral rating in a report on Tuesday, May 21st. TheStreet lowered shares of Kohl’s from a b- rating to a c+ rating in a report on Tuesday, June 18th. Robert W. Baird dropped their target price on shares of Kohl’s from $80.00 to $70.00 and set an outperform rating on the stock in a report on Wednesday, May 22nd. Deutsche Bank restated a hold rating and issued a $52.00 target price (down previously from $58.00) on shares of Kohl’s in a report on Wednesday. Finally, Zacks Investment Research lowered shares of Kohl’s from a hold rating to a sell rating in a report on Friday, May 24th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Kohl’s has an average rating of Hold and a consensus price target of $68.72.

Shares of NYSE KSS opened at $44.88 on Wednesday. The firm’s 50-day moving average price is $49.08 and its 200-day moving average price is $59.41. Kohl’s has a 1-year low of $43.33 and a 1-year high of $83.28. The firm has a market capitalization of $7.37 billion, a P/E ratio of 8.01, a P/E/G ratio of 0.87 and a beta of 1.00. The company has a current ratio of 1.66, a quick ratio of 0.34 and a debt-to-equity ratio of 1.06.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.04. Kohl’s had a net margin of 3.91% and a return on equity of 16.74%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities research analysts forecast that Kohl’s will post 5.23 EPS for the current year.

About Kohl’s

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

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Earnings History and Estimates for Kohl`s (NYSE:KSS)

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