Streetbeat News

KSS

Kohl's Corporation

https://www.Kohls.com

Industry

Department Stores

Kohl's Corporation operates as a retail company in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang. As of March 21, 2022, it operated approximately 1,100 Kohl's stores and a website www.Kohls.com. Kohl's Corporation was founded in 1988 and is headquartered in Menomonee Falls, Wisconsin.

Open

18.43

Mkt cap

Volume

6.7M

High

18.61

P/E Ratio

7.06

52-wk high

29.60

Low

17.74

Div yield

0.11

52-wk low

17.41

Kohl's shares are experiencing a downturn due to ongoing volatility in the retail sector, following the company's Q2 earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 4:56 pm

Analysts have provided mixed ratings for Kohl's (NYSE:KSS) within the last quarter, with one somewhat bullish, and three indifferent. The average price target is $26.75, slightly below the current price of $27.03. This average price target has increased by 13.83% over the past month.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 12:00 pm

Telsey Advisory Group has maintained a 'Market Perform' rating on Kohl's (NYSE:KSS) and raised the price target from $24 to $29.

Portfolio Pulse from richadhand@benzinga.com

August 24, 2023 | 9:07 am

NVIDIA's earnings are expected to hit $2.07, up 305% from last year, making it the best performing stock in the S&P 500 this year. However, if they miss, the entire stock market could go down. Sales of existing US homes fell 2.2% in July, the lowest level since January. Standard and Poor's cut ratings for 5 US banks due to the squeeze on liquidity. Goldman Sachs identified 11 near-term beneficiaries of the AI revolution. Iran will continue to raise its oil production, while Goldman predicts lower global stocks will boost oil prices. Dick's Sporting Goods missed top and bottom line estimates for the first time in 3 years.

Portfolio Pulse from GRIT Capital

August 23, 2023 | 4:40 pm

Recent earnings reports from Kohl's Corp (KSS), Dick's Sporting Goods Inc (DKS), and Macy's Inc (M) reveal a complex picture of the U.S. consumer landscape. Kohl's beat expectations with earnings of 52 cents per share and revenues of $3.89 billion, attributed to reduced inventories and cost-cutting measures. Dick's missed estimates with earnings of $2.82 per share and revenues of $3.224 billion, due to slowed sales and excess inventory. Macy's beat estimates with earnings of 26 cents per share and revenues of $5.13 billion, but faces challenges with declining sales and increased credit card payment delinquencies.

Portfolio Pulse from AJ Fabino

August 23, 2023 | 4:16 pm

New York City's stricter short-term rental regulations have led to a decline in Airbnb listings. Meta Platforms faces scrutiny for allegedly allowing the sale of recalled items on Facebook Marketplace. Mallinckrodt is filing for bankruptcy for the second time due to business declines and lawsuits related to the U.S. opioid epidemic. Apellis Pharmaceuticals released an update on its Syfovre treatment for geographic atrophy. Netflix has seen an increase in U.S. users following a crackdown on password sharing. AT&T has entered the wireless home internet space with Internet Air. Novo Nordisk has enlisted Thermo Fisher Scientific to help with production of its weight-loss drug, Wegovy. Peloton, Analog Devices, Grab Holdings, Abercrombie & Fitch, Advance Auto Parts, Foot Locker, and Kohl's have all released their latest earnings reports.

Portfolio Pulse from Vandana Singh

August 23, 2023 | 2:46 pm

Kohl's Corp reported a Q2 FY23 revenue decline of 4.8% YoY to $3.90 billion, beating the analyst consensus of $3.69 billion. Comparable sales decreased 5%. Gross margin contracted by 61 basis points to 39%. Operating income was $163 million, down from $266 million last year. EPS of $0.52 beat the consensus estimate of $0.22. Inventory decreased 14% YoY to $3.5 billion. Kohl's reaffirmed FY23 sales decline of 2% - 4% and expects FY23 EPS of $2.10 - $2.70.

Portfolio Pulse from Shivani Kumaresan

August 23, 2023 | 1:55 pm

Kohls Corp's CFO has projected a gross margin of about 38% for Q3.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 1:37 pm

Telsey Advisory Group has reiterated its 'Market Perform' rating on Kohl's (NYSE:KSS) and maintained its price target of $24.

Portfolio Pulse from richadhand@benzinga.com

August 23, 2023 | 1:31 pm

Kohls Corp's CFO has reported that customers are returning to physical stores, and the elimination of online-only promotions in Q2 has impacted sales as expected.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 1:28 pm

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