“We heard from vendors that their inventory levels were high and that off-price retailers were getting better quality merchandise and greater volume now”, said Citibank analyst Paul Lejuez, who lowered his third-quarter estimates for Macy’s and Kohl’s, in particular.
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In its most recent quarter Kohls Corporation had actual sales of $ 4267M.
Kohl’s (KSS) announced its quarterly earnings results on Thursday, Nov-12-2015.
Kohl’s Corporation (Kohl’s) is a specialty department store. The earnings report after that one will be on February 25, 2016, and the report for the fiscal year will be made available on February 25, 2016. During the same quarter in the prior year, the firm posted $1.13 earnings per share.
The overall rating for the company is 2.08.
That’s short of the pace needed for Kohl’s to meet its stated goal of raising annual sales by $2 billion over three years, but it’s far better than the 3.6% same-store decline reported Wednesday by Macy’s.
Net sales of $4.427 billion beat the Zacks Consensus Estimate of $4.410 billion by 0.4% and increased 1.2% owing to a year-over-year increase in comps, strong back-to-school sales and improved sales in late October, which was offset by weak sales in September. 1,692,897 shares of the stock traded hands. The company reported $0.75 Earnings Per Share for the quarter, beating the analyst consensus estimate by $0.06.
In term of ownership, company insiders have had a stable overall shares stock over the last six months while institutions have decreased their positions by 9.81%.
Among the analysts, the highest EPS was $0.87 and the lowest was $0.84. The firm’s revenue for the quarter was up.6% on a year-over-year basis.
A number of other research firms also recently weighed in on KSS. The Ohio-based fund Eubel Brady & Suttman Asset Management Inc disclosed it had purchased a stake worth about 4.63% of the investment professional’s stock portfolio in Kohl’s Corporation. The company’s 50 day moving average is $46.15 and its 200 day moving average is $57.53. MKM Partners dropped their price target on shares of Kohl’s Co. from $82.00 to $69.00 and set a buy rating on the stock in a research report on Friday, August 14th.
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Additionally, Kohls Corporation now has a market capitalization of 8.87B. It has a market cap of $3,276.62 million. Kohls apparel and home fashions appeal to classic, modern classic and contemporary customers. As of January 28, 2012, the Company operated 1,127 stores in 49 states. In addition, Kohl’s offers on-line shopping on its Website at www.Kohls.com.
