On November 20, 2023, Kohl’s Corp (NYSE: KSS) experienced a decline in its stock due to a significant management transition. The company announced the departure of its president and COO, Dave Alves, effective November 17. This news caused the stock to decrease by 1.76%, trading at $25.11 at the time of publication.
Kohl’s is set to release its third-quarter financial results on Tuesday, and analysts are anticipating the company to report earnings of 33 cents per share on revenue of $4.111 billion. It is worth noting that Kohl’s surpassed analyst expectations in both the first and second quarters of 2023.
Despite these positive performances, Kohl’s stock underperformed in comparison to its competitors on Monday, with a decrease of 2.19% at 12:42 PM EST. Analysts have set an average price target of $35.62 for Kohl’s shares.
The upcoming earnings report, combined with the departure of the president and COO, may have influenced the decline in Kohl’s stock on Monday. Additionally, the third-quarter results are expected to reflect elevated SG&A costs, although gains from strategic growth initiatives and the Deal Dash event are likely to have provided some support.
Overall, the management transition and anticipation of the earnings report have impacted Kohl’s stock price on November 20, 2023.
Updated on: 03/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Buy
DCF: Strong Buy
7:00 PM (UTC)
Date:02 December, 2023
|Analyst / firm||Rating|
Gordon Haskett Capital Corporation
KSS Stock Analysis: Mixed Performance, Impressive Earnings Growth, and Undervalued Ratios
KSS (Kohl’s Corporation) is a retail company that operates department stores across the United States. On November 20, 2023, KSS stock had a mixed performance, with some positive and negative indicators.
Starting with the stock’s previous close, which stood at $25.56, KSS opened the day at $24.93. Throughout the trading session, the stock’s price fluctuated within a range of $24.74 to $25.59. This indicates a relatively stable trading day, with the stock not experiencing any significant price swings.
In terms of trading volume, KSS had a total volume of 5,482,551 shares traded on November 20, 2023. This is higher than the average volume of the past three months, which was 4,673,916 shares. The higher trading volume suggests increased investor interest in the stock on this particular day.
KSS has a market capitalization of $2.6 billion, which reflects the total value of the company’s outstanding shares.
Looking at the earnings growth, KSS had a negative earnings growth of -102.46% in the previous year. However, the company has experienced a significant turnaround, with earnings growth of +1,691.52% in the current year. This impressive growth indicates that KSS has made substantial improvements in its financial performance.
Looking ahead, analysts predict that KSS’s earnings growth over the next five years will be -2.25%. While this forecast suggests a slight decline, it is important to note that the company has shown significant growth in the current year.
In terms of revenue growth, KSS experienced a decline of -6.87% in the previous year. This indicates a decrease in the company’s sales.
KSS’s P/E ratio is listed as NM, which stands for “not meaningful.” This means that the company’s earnings are either negative or not available, making it difficult to calculate a meaningful P/E ratio. The price/sales ratio of KSS is 0.21, indicating that the stock is relatively undervalued compared to its sales.
The price/book ratio of KSS is 0.70, suggesting that the stock is trading below its book value. This could be an attractive indicator for value investors looking for undervalued stocks.
In comparison to KSS, Macy’s (MM) stock had a positive performance on November 20, 2023, with a price increase of 0.65 (+4.50%). Macy’s is another department store retailer, and its positive performance may indicate positive sentiment within the retail industry on that day.
Looking ahead, KSS is scheduled to report its next earnings on November 21, 2023. Analysts are forecasting an EPS (earnings per share) of $0.67 for this quarter. This will be an important event for investors, as it will provide insights into the company’s financial performance and future prospects.
In conclusion, KSS stock had a mixed performance on November 20, 2023. While the stock did not experience significant price swings, it had a higher trading volume compared to the average. The company has shown impressive earnings growth in the current year, although it had a negative growth in the previous year. The stock’s price/sales and price/book ratios suggest that it may be undervalued. Investors will be closely watching KSS’s upcoming earnings report for further insights into the company’s financial performance.
Kohls Corp (KSS) Stock Analysis: Target Price, Financial Performance, and Investment Outlook
On November 20, 2023, Kohls Corp (KSS) stock had a median target price of $23.00, according to 14 analysts offering 12-month price forecasts. The high estimate was $38.00, while the low estimate was $15.00. This median estimate represented a -8.80% decrease from the last recorded price of $25.22.
The consensus among 17 polled investment analysts was to hold stock in Kohls Corp. This rating had remained unchanged since November, indicating a steady sentiment towards the company’s stock.
In terms of financial performance, Kohls Corp reported earnings per share of $0.67 for the current quarter, with sales reaching $4.0 billion. The reporting date for these figures was scheduled for November 21.
These statistics provide some insight into the current state of KSS stock. The median target price suggests a potential decrease in value, although the high estimate indicates a more optimistic outlook. The hold rating from investment analysts suggests a cautious approach towards investing in Kohls Corp.
Investors should carefully consider these factors and conduct further research before making any decisions regarding KSS stock. It is important to analyze the company’s financial performance, industry trends, and any relevant news or events that may impact the stock’s performance.