Shares of the company, which reported second-quarter sales and profit below analysts’ average estimates, fell 7.3 percent to $57 in premarket trading on Thursday.
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The analyst notes a bearish stance on sluggish comparable (comps) growth, although Kohl’s is expected to clock in a two percent increase by the end of the year; in 2QFY15 earnings, the company reported same store comps growth as only 0.1%. This is the calculated mean when averaged together from the 14 analysts providing estimates. Earnings also declined 5% from the prior-year quarter impacted by lower-than-expected sales and lower margins.
Kohl’s Co. (NYSE:KSS)’s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a research report issued to clients and investors on Saturday, ARN reports. The 52-week low of the share price is at $53.86. Amidthe new complexities Mr. Grom cites are unproven new items designed to drive sales and what the firm will do with its real estate.
Kohl’s stock treads south for the second day, now down by 1.27% to $55.45 per share as at 2:13 PM EDT. Analysts expect the company to report earnings per share of $4.51. The standard deviation of all price target estimates is $8.695.
Adjusted earnings include a charge of $170 million related to early extinguishment of debt, of which Kohl’s recognized $131 million in the second quarter and expects to recognize an additional $39 million in the third quarter. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The dividend is payable September 23, 2015 to shareholders of record at the close of business on September 9, 2015. The Equity Firm lowers its price target from $79 per share to $70 per share. The ex-dividend date of this dividend is Friday, September 4th. Finally, MKM Partners reissued a “buy” rating and set a $87.00 price target on shares of Kohl’s Co.in a research note on Thursday, May 14th.
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According to the last rating, In a research note released to the investors, BMO Capital maintains its rating on Kohls Corporation (NYSE:KSS). The Company’s shops carry a merchandise assortment with differences attributable to regional preferences. The Website of the Company’s contains products that is available in the stores, along with products that will be available only on line. 9, Croft & Barrow, Jumping Beans, SO and Sonoma Life + Design. It also offers Jumping Beans assortments featuring Disney characters, along with products under the Fitbit, IZOD, Juicy Couture, Gaiam, Nespresso and PUMA brands. It also manages a national loyalty program called Yes2You benefits.
