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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
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August 22, 2014
07:15 EDTKSSKohl's price target raised to $68 from $60 at Stifel
Stifel increased its price target on Kohl's as the firm thinks the company's new chief customer officer will improve its marketing and sales efforts. Stifel believes that the these improvements could enable the company to generate higher than expected profits. It keeps a Buy rating on the shares.
August 21, 2014
11:23 EDTKSSKohl's upgraded to Buy from Neutral at Gilford Securities
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August 15, 2014
10:30 EDTKSSJ.C. Penney falls despite posting a narrower than expected Q2 loss
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10:19 EDTKSSKohl's management to meet with MKM Partners
Meeting to be held in Menomonee Falls, WI on August 21 hosted by MKM Partners.

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