Kohl's reports higher than expected Q3 earnings

Kohl’s Corporation Beats 3Q Estimates On Strong Back-To-School Sales

Kohls Corporation (NYSE:KSS): On Thursday heightened volatility was witnessed in Kohls Corporation (NYSE:KSS) which led to swings in the share price.

For a complete fundamental analysis analysis of Kohl's Corp., check out Equities.com's Stock Valuation Analysis report for KSS. The stock has decreased 23 percent in the last 12 months. Sold All: 59 Reduced: 211 Increased: 224 New Position: 79. And with elevated inventory, department stores are facing a "challenging" future. The company has a market cap of $8,554 million and the number of outstanding shares have been calculated to be 194,497,790 shares. As of January 28, 2012, the Company operated 1,127 stores in 49 states. It has 11.98 P/E ratio. Unseasonably warm weather also has hurt sales because fewer consumers are buying winter clothes. As per the latest information, the brokerage house lowers the price target to $42 per share from a prior target of $64.

On Thursday, Kohl's Corp posted a profit that fell by 15% during the third quarter amid worries that the retailer's plan for a turnaround was faltering.

Kohl's Corporation (NYSE:KSS) moved 6.70% up right now and is at $46.06. It has underperformed by 43.66% the S&P500.

The quarter marked the first full year of the Greatness Agenda, Kohl's multiyear effort to drive sales growth through new opportunities and a focus on activities necessary to accelerate growth. The Organization 's Website includes products that will be obtainable in the stores, as well as products which is available only on-line.

Tyvor Capital Llc holds 8.29% of its portfolio in Kohl's Corporation for 369,351 shares. Addison Clark Management L.L.C. owns 302,915 shares or 6.5% of their U.S. portfolio.

Kohl's Corp (NYSE:KSS) stock is now trading 44.75% below its 52-week-high, 1.22% above its 52-week-low. Athena Global Investors Llc, a Virginia-based fund reported 79,931 shares.

Many analysts have commented on the company rating.

Discount department store Kohl's Wednesday reported Q3 net sales and profit that beat expectations and helped assuage general fears about the retail holiday season. The higher price target estimate for the stock has been calculated at $73.00 while the lower price target estimate is at $42.00. UBS downgraded KSS's stock on an August 14. The beta value for this stock stands at 0.89 points, while its earnings per share(EPS) was $3.82.



Other news