Kohl’s Corporation (NYSE:KSS) stock has tumbled to a 52-week low, reaching a price level of $13.79 USD, reflecting a stark downturn in the company’s market valuation. Trading at just 0.41 times book value and offering a substantial 14.43% dividend yield, the retailer maintains its 14-year streak of consecutive dividend payments, according to InvestingPro data. This latest price point underscores a challenging period for the retailer, which has seen its stock price nearly halve over the past year, with a 1-year change showing a significant decline of -49.89%. Investors and market analysts are closely monitoring Kohl’s performance as it navigates through a competitive retail landscape and evolving consumer trends, which have contributed to the stock’s recent performance woes. InvestingPro analysis reveals 13 analysts have revised their earnings downwards, with expectations of sales decline in the current year. Discover comprehensive insights and 12 additional ProTips with an InvestingPro subscription.
In other recent news, Kohl’s Corporation has been grappling with significant challenges, reflected in its recent earnings and revenue results. The company reported a drop in earnings per share to $0.20, and a steep 9.3% decline in same-store sales. Analyst firms like TD Cowen, Telsey Advisory Group, Guggenheim, Citi, Baird, and Evercore ISI have all adjusted their outlooks on Kohl’s, with most reducing their price targets while maintaining neutral ratings. These revisions follow a series of sales difficulties and operational challenges, despite Kohl’s initiatives to revitalize sales and a CEO transition with Ashley Buchanan set to take the helm in January 2025. Despite these setbacks, the company managed to increase its gross margin and saw a 15% rise in beauty sales through its partnership with Sephora. These are recent developments as Kohl’s navigates a period of strategic repositioning under the new leadership.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.