Kohl’s has struggled hard in the past one year, owing to a challenging retail/sales environment in the U.S. However, Kohl’s continuous efforts to improve its business coupled with its strategic initiative “the Greatness Agenda” is expected to improve sales of the company. Jefferies Group boosted their price target on shares of Kohl’s Co. from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. (NYSE:KSS) Board of Directors declared a quarterly cash dividend on the Company’s common stock of $0.45 per share.
Advertisement
Kohl’s Corp. (NYSE:KSS) stated that a surprise decrease in profit and tepid sales growth for its Q2, adding to concerns that the retailer’s turnabout plan is faltering. On last trading day company shares ended up $12.65.
Shares of the company, which also posted second-quarter sales and profit that fell short of analysts’ estimates, skidded as much as 11.3 percent on fears that the company might not be able to meet its full-year forecast. Moreover, three month revenues were recorded as $4.27 billion yet again missing on estimates by $40 million.
Analyst Insights: “Uncharacteristically, Kohl’s updated its language on guidance for the year after just 2 quarters which we believe shines a bright light on the lack of confidence we’re hearing across the channel heading into back-to-school” -Michael Binetti, UBS Investment Bank analyst, August 13 note.
Can Kohl’s Corp. make its way to investors watch list? The 52-week low of the share price is at $53.86. During last 3 month period, 0.05% of total institutional ownership has changed in the company shares. On average, equities research analysts expect that Kohl’s Co. will post $4.37 EPS for the current fiscal year.
Shares of Kohls Corporation (NYSE:KSS) traded 0.09 points or 0.15% higher at $61.5.The total intraday money flow for the shares came in at a disappointing $(-2.83) million.
Advertisement
Excluding items, it earned $1.07 per share. The ex-dividend date of this dividend is Friday, September 4th. In March 2012, the Company opened eight new stores. The Organization sells private label, and national brand apparel, footwear, accessories, beauty and home products. The exclusive brands of the Company’s consist of Marc Anthony, Jennifer Lopez, Food Network, Rock & Republic and Only Vera Vera Wang. The Business ‘s Website includes merchandise that’s for sale in the stores, along with goods which is accessible only online. Its private brands contain Apt. In addition, it offers products beneath the Fitbit, IZOD, Juicy Couture, Gaiam, Nespresso and PUMA brands, as well as Jumping Beans ranges featuring Disney characters. Additionally, it manages a nationwide loyalty program called Yes2You wages.
