Stifel Would Buy Kohl's (KSS) on Today's Sales Results/Guidance Update-Related Weakness
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Moody's Places Kohl's Corp.'s (KSS) Senior Unsecured Rating on Review for Downgrade
February 8, 2016 2:19 PM ESTMoody's Investors Service placed Kohl's Corporation's (NYSE: KSS) Baa1 senior unsecured rating for review for downgrade.
The review for downgrade acknowledges Kohl's persistent declines in earnings which started in 2011 and shows no signs of abating. The review also considers the company's expected fourth quarter of fiscal 2015 earnings and its recent downward earnings revision. The company now expects full year... More
MKM Partners Downgrades Kohl's (KSS) to Neutral
February 4, 2016 12:33 PM ESTMKM Partners downgraded Kohl's (NYSE: KSS) from Buy to Neutral with a price target of $47.00 (from $57.00).
Analyst Patrick McKeever commented, "While we prefer not to make a ratings change in response to a pre-release, our broad thesis - that a host of company... More
Weak sales at Kohl's, Ralph Lauren spark selloff in retailers
February 4, 2016 8:46 AM ESTBy Yashaswini Swamynathan and Ramkumar Iyer
(Reuters) - Ralph Lauren Corp (NYSE: RL) and Kohl's Corp (NYSE: KSS) warned of a tough year ahead after reporting disappointing holiday-quarter sales on Thursday, leading investors to dump their stocks and dragging down shares of several other retailers.
Kohl's shares plunged as much as 20 percent to a near seven-year low of $41.06. Ralph Lauren's stock fell 18 percent, touching a more than five year-low of $94.02.
Kohl's said it discounted heavily in the quarter, hurting margins, as it... More
Kohl's Corp. (KSS) Q4 Comps Rose 0.4%; FY15 EPS Outlook Cut
February 4, 2016 8:42 AM ESTKohls Corporation (NYSE: KSS) reported fourth quarter comparable sales increased 0.4 percent and fiscal 2015 comparable sales increased 0.7 percent. Total sales increased 0.8 percent for the fourth quarter and 1.0 percent for fiscal 2015.
While we experienced our fifth consecutive quarter of positive comparable sales increases, sales were very volatile and less than planned in the fourth quarter. We experienced a very strong holiday selling season from the week of Thanksgiving through Christmas. These results were offset by a very slow start to the quarter in early November... More
