New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 7, 2012
13:00 EDTKSSEarnings Preview: Kohl's sees Q3 EPS 83c-89c, sales growth 1%-3%
Kohl's (KSS) is expected to report Q3 earnings before the open on Thursday, November 8, with a conference call scheduled for 8:30 am ET. Analysts are looking for a profit of 88c on revenue of $4.49B. The consensus range is 85c-89c for EPS, and revenue of $4.46B-$4.54B, according to First Call. After reporting Q2 EPS that beat consensus estimates, Kohl's guided Q3 EPS 83c-89c on sales growth of 1%-3%. The retailer also cut its FY12 EPS view to $4.50-$4.65 from $4.75, consensus $4.62. On its earnings conference call, Kohl's forecast Q3 gross margin down 60bps-80bps and forecast Q4 stronger than Q3. During the quarter, Kohl's reported September same-store sales down 2.7% on total sales down 1.4%, while October SSS increased 3.3%. The company's Q3 SSS increased 1.1%. Kohl's said that beginning with its 2013 fiscal year it will no longer report monthly sales. Baird anticipates that the company revenue trends will improve, particularly during the holidays. The firm, which has an Outperform rating on the stock, views Kohl's as a high quality defensive stock. Looking ahead, Kohl's is expected to offer comments on the upcoming holiday season, and may offer comments on whether it believes Hurricane Sandy will impact holiday shopping.
News For KSS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 18, 2014
09:03 EDTKSSKohl's has light at end of tunnel, says Sterne Agee
Subscribe for More Information
November 13, 2014
09:56 EDTKSSKohl's falls after results, levels to watch
Subscribe for More Information
08:49 EDTKSSKohl's sees margins to be pressured "somewhat" in Q4
Subscribe for More Information
08:46 EDTKSSKohl's sees comps up 2%-3% in Q4
Subscribe for More Information
07:01 EDTKSSKohl's reports Q3 EPS 70c, consensus 74c
Reports Q3 revenue $4.37B, consensus $4.41B. Reports Q3 SSS down 1.8%.
November 12, 2014
15:29 EDTKSSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.12; Viacom (VIAB), consensus $1.68; Tyco (TYC), consensus 56c; Kohl's (KSS), consensus 74c; Helmerich & Payne (HP), consensus $1.67; Sally Beauty (SBH), consensus 40c; Manulife Financial (MFC), consensus 40c; TransDigm (TDG), consensus $2.02; MAXIMUS (MMS), consensus 52c.
14:33 EDTKSSKohl's November 57.5 straddle priced for 4.8% move into Q3
Subscribe for More Information
November 10, 2014
14:15 EDTKSSKohlís November puts active into Q3 and outlook
Kohl's November 55 puts are active on 1200 contracts compared to its open interest of 2000 contracts. November put option implied volatility is at 39, December is at 28, January is at 25; compared to its 26-week average of 25 according to Track Data. Active put volume suggests traders taking positions for near term price movement in the expected release of Q3 results on November 13.
12:36 EDTKSSAbercrombie, American Eagle sink after analyst downgrades
Shares of specialty teen apparel retailers Abercrombie & Fitch (ANF) and American Eagle Outfitters (AEO) are falling after a number of analysts issued negative notes on the companies. WHAT'S NEW: Oppenheimer analyst Anna Andreeva downgraded Abercrombie & Fitch to Perform from Outperform. The company's earnings outlook has become less clear as its U.S. brand has not yet become popular, and retail brand turnarounds usually take awhile, Oppenheimer analyst Anna Andreeva wrote in a note to investors. Additionally, Abercrombie's international business, which has deteriorated further this year, faces "mounting uncertainty,Ē the analyst stated. The analyst slashed her price target on the name to $30 from $50. Meanwhile, Barclays analyst Matthew McClintock downgraded American Eagle Outfitters to Equal Weight from Overweight. McClintock has become more pessimistic about the outlook for American Eagle's comparative store sales in the second half of 2014, given recent data points from a number of retailers, including Abercrombie & Fitch, Kohl's (KSS), Wal-Mart (WMT), J.C. Penney (JCP), and Ann Inc. (ANN). The analyst said he saw no reason why American Eagle should significantly outperform the overall apparel sector. McClintock cut his price target on the name to $11 from $15. Meanwhile, the analyst lowered his rating on the Softline Retail sector to Negative from Positive, as he believes that the sector, which includes companies that sell products like apparel, towels, and jewelry - is facing structural difficulties that are likely to persist for the next several years. Separately, research firm Janney Capital downgraded Abercrombie to Neutral from Buy in a note to investors today. PRICE ACTION: In early afternoon trading, Abercrombie & Fitch sank 3.5% to $28.50 and American Eagle dropped 4% to $12.40.
08:07 EDTKSSKohl's to open stores at 6p.m. on Thanksgiving Day

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use