# Kohl's Corporation (KSS)

> Source: Nexqual · https://nexqual.com/KSS · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Kohl's Corporation (KSS), nexqual.com/KSS" · informational, not investment advice.

**Price:** USD 24.78 (+11.82% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 22.16 · day 22.6–25.1 · 52w 11.38–25.22 · market cap $2.81B · NYQ

## Key facts
- Last four reported quarters (through Aug 1, 2026): revenue $15.4B, net income $270M (1.7% margin), free cash flow $1.03B (SEC filings).
- Valuation: P/E 10.4x (avg 9.6x at the last 3 fiscal year-ends), EV/EBITDA 2.6x, net debt $504M.
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $1.3M; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 3.38 on a 1–5 scale) (13 analysts), mean target USD 19.21 (range 9–41.5).
- Total return with dividends: 1Y +57.6% vs S&P 500 +14.9%; 5Y -31.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-24, EPS estimate USD -0, revenue estimate $3.44B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $19.4B | $18.1B | $17.5B | $16.2B | $15.5B | $15.4B |
| Gross profit | $8.00B | $6.64B | $6.98B | $6.56B | $6.30B | — |
| Operating income | $1.68B | $246M | $717M | $433M | $624M | $592M |
| Net income | $938M | -$19.0M | $317M | $109M | $272M | $270M |
| EPS (diluted) | $6.32 | -$0.15 | $2.85 | $0.98 | $2.38 | — |
| Free cash flow | $1.67B | -$544M | $591M | $182M | $1.01B | $1.03B |
| Gross margin | 41.1% | 36.7% | 39.9% | 40.4% | 40.6% | — |
| Operating margin | 8.6% | 1.4% | 4.1% | 2.7% | 4.0% | 3.8% |
| Net margin | 4.8% | -0.1% | 1.8% | 0.7% | 1.8% | 1.7% |
| Revenue growth | +21.8% | -6.9% | -3.4% | -7.2% | -4.3% | — |
| Cash + short-term investments | $1.59B | $153M | $183M | $134M | $674M | — |
| Total debt | $1.91B | $1.91B | $1.64B | $1.53B | $1.44B | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 1, 2026)
P/E 10.4x · P/S 0.2x · EV/EBITDA 2.6x · EV/Sales 0.2x · P/FCF 2.7x · P/B 0.7x · FCF yield 36.80% · Earnings yield 9.61% · Dividend yield (paid, TTM) 1.99% · Net debt $504M · EV $3.31B
P/E at fiscal year-ends: Jan 2026 7.3x, Feb 2025 11.7x, Feb 2024 9.8x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
6 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-13…2026-10-15 | Kent Jennifer J. | Chief Legal & Corp Affairs Off | 22,940 | $505K | 9.8% | Yes (adopted March 13, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-03 | Raymond Christie | Sr. EVP, Chief Marketing Off. | 15,000 | $300K | 5.4% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-03 | Kent Jennifer J. | Sr. EVP, CLO & Corp. Sec. | 22,942 | $459K | 8.9% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-07-16 | Steinmetz Mari | Sr. EVP, Chief People Officer | 53 | $1K | 0% | Yes (adopted November 26, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-04-15 | Steinmetz Mari | Sr. EVP, Chief People Officer | 351 | $5K | 0.1% | Yes (adopted November 26, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-04-06 | Steinmetz Mari | Sr. EVP, Chief People Officer | 112 | $1K | 0% | Yes (adopted November 26, 2025) | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 3.38 on a 1–5 scale), 13 analysts; mean target USD 19.21 (low 9, high 41.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Gordon Haskett | Upgrade | Hold → Buy | $27 |
| 2026-09-18 | BTIG | Reiterated | Neutral |  |
| 2026-08-27 | Baird | Target raised | Neutral | $19 → $20 |
| 2026-08-18 | JP Morgan | Target raised | Underweight | $15 → $17 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +57.6% | -31.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +57.8% | -7.2% |
| Volatility (annualized) | 69.4% | 65.0% |
| Max drawdown | -51.8% (Dec 2025→May 2026) | -86.7% (Mar 2022→Apr 2025) |

## Peers (Department Stores)
PLBL (Polibeli Group Ltd) USD 5.35 -0.37% · M (Macy's Inc) USD 24.17 +3.16% · YUM (Yum! Brands, Inc.) USD 154.45 +2.12% · HMC (Honda Motor Company, Ltd.) USD 34.58 +1.80% · F (Ford Motor Company) USD 11.94 +0.34% · SE (Sea Limited) USD 75.69 -2.89%

## More
Full page: https://nexqual.com/KSS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in KSS's own 10-K filed 2026-03-19 (https://www.sec.gov/Archives/edgar/data/885639/000119312526115982/kss-20260131.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Amazon (AMZN) | "Effective April 18, 2019, in connection with our entry into a commercial agreement with Amazon.com Services, Inc. ("Amazon"), we issued warrants to an affiliate of Amazon, to purchase up to 1,747,441 shares of our common…" |

## Revenue by product line (quarter ended 2026-08-01)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Product | $3.32B | 94.4% | -0.9% |
| Product & Service Other | $197.0M | 5.6% | -1.0% |
| Gift Card | $23.0M | 0.7% | -17.9% |
| Total revenue | $3.52B | 100% | — |

## Company outlook (8-K filed 2026-08-26)

- "Forward-looking statements include the information under "2026 Financial and Capital Allocation Outlook." Such statements are subject to certain risks and uncertainties, which could cause the Company's actual results to differ materially from those anticipated"

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $-0.00 | $0.05 | -102.0% | $3.44B | 13 |
| Next quarter (ends 2027-01-31) | $0.95 | $0.93 | +2.1% | $5.03B | 13 |
| Current fiscal year (ends 2027-01-31) | $2.14 | $1.42 | +50.4% | $14.93B | 13 |
| Next fiscal year (ends 2028-01-31) | $1.56 | $1.48 | +5.5% | $14.94B | 13 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-27 (includes earnings 2026-11-24): ±19.0%; earnings reaction alone ±9.8%; last 8 reports averaged ±16.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 71.2% | ±8.4% |
| 2026-11-06 | 14 | 68.1% | ±11.0% |
| 2026-11-13 | 21 | 64.7% | ±12.6% |
| 2026-11-20 | 28 | 66.6% | ±14.9% |
| 2026-11-27 | 35 | 76.3% | ±19.0% |
| 2026-12-04 | 42 | 73.5% | ±19.9% |
| 2026-12-18 | 56 | 71.7% | ±22.5% |
| 2027-01-15 | 84 | 69.4% | ±26.4% |