Analyst Paul Lejuez from Citigroup has decided to keep a Neutral rating on Kohl’s (NYSE: KSS) and has made changes to the price target. As of March 13, 2024, the new price target is set at $24, down from the previous $27, while still maintaining a Neutral stance. This adjustment comes after an update on March 5, 2024, when the price target was raised from $24 to $27. Overall, analysts’ consensus points to a mean target price of $26.21 for Kohl’s stock.
Kohls Corporation Stock Performance on March 13, 2024: A Recap
On March 13, 2024, Kohl’s Corporation (KSS) showed mixed performance in the stock market. According to data from CNN Money, KSS is currently trading in the middle of its 52-week range and above its 200-day simple moving average. This indicates that the stock has been relatively stable in the long term.
On that particular day, the price of KSS shares closed at $25.29, which was a decrease of $0.07 or 0.28% from the previous market close. However, in after-hours trading, the stock saw a slight increase of $0.11, bringing the price up to $25.40.
Overall, the performance of KSS on March 13th was relatively flat, with a small decline during regular trading hours followed by a modest uptick in after-hours trading. Investors will be keeping an eye on any further developments or announcements from Kohl’s Corporation that could potentially impact the stock price in the coming days.
Kohls Corporation (KSS) Financial Results: Revenue Decreases, Net Income and EPS Soar
On March 13, 2024, investors were closely watching the stock performance of Kohl’s Corporation (KSS) after the company released its latest financial results. According to data from CNN Money, Kohl’s reported total revenue of $17.48 billion for the past year, with a fourth-quarter revenue of $5.96 billion. This represents a 3.44% decrease in total revenue since the previous year, but revenue held flat since the last quarter.
Despite the decrease in total revenue, Kohl’s saw a significant increase in net income. The company reported a net income of $317.00 million for the past year, with a fourth-quarter net income of $186.00 million. This marks a remarkable 1768.42% increase in net income since the previous year, although net income remained flat since the last quarter.
Furthermore, Kohl’s reported earnings per share (EPS) of $2.85 for the past year, with a fourth-quarter EPS of $1.67. This represents a substantial 1900.38% increase in EPS since the previous year, with EPS holding flat since the last quarter.
Overall, Kohl’s stock performance on March 13, 2024, reflected a mixed bag of results. While the company saw a decrease in total revenue, the significant increase in net income and earnings per share may have provided some reassurance to investors.
