Kohl’s Corp. (NYSE: KSS): A Business Review And Growth Forecast

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In today’s recent session, 1.12 million shares of the Kohl’s Corp. (NYSE:KSS) have been traded, and its beta is 1.96. Most recently the company’s share price was $19.00, and it changed around $0.27 or 1.42% from the last close, which brings the market valuation of the company to $2.11B. KSS at last check was trading at a discount to its 52-week high of $29.60, offering almost -55.79% off that amount. The share price’s 52-week low was $17.68, which indicates that the recent value has risen by an impressive 6.95% since then. We note from Kohl’s Corp.’s average daily trading volume that its 10-day average is 6.55 million shares, with the 3-month average coming to 6.33 million.

Kohl’s Corp. stock received a consensus recommendation rating of Hold, based on a mean score of 3.18. If we narrow it down even further, the data shows that 4 out of 21 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 10 recommended KSS as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Kohl’s Corp. is expected to report earnings per share of 0.31 for the current quarter.

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Kohl’s Corp. (NYSE:KSS) trade information

Instantly KSS has been showing a green trend so far today with a performance of 1.42% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 20.24 on recent trading dayincreased the stock’s daily price by 6.13%. The company’s shares are currently down -33.76% year-to-date, but still down -0.44% over the last five days. On the other hand, Kohl’s Corp. (NYSE:KSS) is -4.88% down in the 30-day period. We can see from the shorts that 40.45 million shares have been sold at a short interest cover period of 5.83 day(s).

The consensus price target as assigned by Wall Street analysts is $26, which translates to bulls needing to increase their stock price by 26.92% from its current value. Analyst projections state that KSS is forecast to be at a low of $15 and a high of $60.

Kohl’s Corp. (KSS) estimates and forecasts

Kohl’s Corp. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -25.50 percent over the past six months and at a -39.30% annual growth rate that is well below the industry average of -28.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -41.50% in revenue this quarter, and will report a decrease of -28.10% in the next quarter. The year-over-year growth rate is expected to be -4.70%, down from the previous year.

Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 3.68B in revenue for the current quarter. 7 analysts expect Kohl’s Corp. to make 5.4B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -5.50%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -10.07%. Kohl’s Corp. earnings are expected to increase by -34.82% in 2024, but the outlook is negative -12.50% per year for the next five years.

KSS Dividends

Kohl’s Corp.’s next quarterly earnings report is expected to be released on 2024-Nov-19. The annual dividend yield of the stock is 10.53 percent and its annual dividend per share was 2.00. It is important to note, however, that the 10.53% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 6.23 per year.

Kohl’s Corp. (NYSE:KSS)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.53% of Kohl’s Corp. shares, and 124.22% of them are in the hands of institutional investors. The stock currently has a share float of 126.15%. Kohl’s Corp. stock is held by 504.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 15.9042% of the shares, which is about 17.65 million shares worth $405.86 million.

VANGUARD GROUP INC, with 10.7673% or 11.95 million shares worth $274.77 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jul 31, 2024. The former held 7.33 shares worth $139.0 million, making up 6.59% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.23 shares worth around $61.33 million, which represents about 2.91% of the total shares outstanding.