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Kohl's Corporation (NYSE:KSS) stock has reached a 52-week low, touching down at $17.39, as the retail sector continues to face significant headwinds. This latest price level reflects a stark contrast to the company's performance over the past year, with Kohl's experiencing a substantial 1-year change decline of -31.73%. Investors are closely monitoring the company's strategic initiatives and market position, as Kohl's grapples with the evolving retail landscape and consumer behavior in an effort to rebound from this low point.
In other recent news, Kohl's Corporation reported a 13% increase in Q2 2024 earnings, despite a 5.1% decline in same-store sales. The company revised its full-year 2024 EPS outlook upwards to $1.75-$2.25, surpassing the previous guidance of $1.25-$1.85. Analysts from TD Cowen, JPMorgan, and Baird have all recently adjusted their ratings and price targets for Kohl's stock. TD Cowen downgraded the stock from Buy to Hold and lowered the price target to $21. JPMorgan also downgraded the stock from Neutral to Underweight, setting a price target of $19. Baird adjusted its outlook on Kohl's shares, reducing the price target to $25 from $27, while maintaining an Outperform rating.
Meanwhile, Deutsche Bank (ETR:DBKGn) lowered its price target on Gerresheimer stock but maintained a Buy rating. TD Cowen also maintained its Buy rating on Bath & Body Works stock, highlighting the company's strategic positioning amidst potential ocean freight challenges. These recent developments provide investors with an updated perspective on the performance and future prospects of these companies.
InvestingPro Insights
Kohl's Corporation's recent stock performance aligns with several key metrics and insights from InvestingPro. The company's stock is currently trading near its 52-week low, with a significant price decline of 26.66% over the past six months. This downward trend is further emphasized by the stock's poor performance over the last month, with a -13.46% total return.
Despite these challenges, Kohl's maintains a strong dividend yield of 11.11%, reflecting its commitment to shareholder returns. The company has consistently paid dividends for 14 consecutive years, which may appeal to income-focused investors. However, InvestingPro Tips caution that 4 analysts have revised their earnings downwards for the upcoming period, suggesting potential headwinds in the near term.
On the valuation front, Kohl's is trading at a low earnings multiple with a P/E ratio of 6.96, potentially indicating an undervalued stock. This is complemented by a price-to-book ratio of 0.52, further suggesting the stock might be undervalued relative to its assets.
For investors seeking more comprehensive analysis, InvestingPro offers 12 additional tips for Kohl's, providing a deeper understanding of the company's financial health and market position.
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