Kohl's Corporation (KSS) reported quarterly earnings results on Thursday, May-12-2016. The company reported $0.31 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $0.37. The company posted revenue of $3972.00 million in the period, compared to analysts expectations of $4131.13 million. The company’s revenue was down -3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
Many Wall Street Analysts have commented on Kohl's Corporation. Shares were Reiterated by MKM Partners on May 9, 2016 to “Neutral” and Lowered the Price Target to $ 44 from a previous price target of $49 .RBC Capital Mkts Initiated Kohl's Corporation on May 4, 2016 to “Underperform”, Price Target of the shares are set at $42.Miller Tabak Initiated Kohl's Corporation on Mar 31, 2016 to “Buy”, Price Target of the shares are set at $61.
Kohl's Corporation closed down -0.99 points or -2.35% at $41.18 with 44,11,267 shares getting traded on Tuesday. Post opening the session at $41.71, the shares hit an intraday low of $40.91 and an intraday high of $41.88 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Mar 30, 2016, Wesley S Mcdonald (Chief Financial Officer) sold 1,645 shares at $46.99 per share price. According to the SEC, on Mar 3, 2016, Kevin Mansell (Chairman, President, CEO) sold 50,000 shares at $46.82 per share price. On Feb 24, 2016, Stephen E Watson (director) sold 7,500 shares at $45.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Kohl’s Corporation (Kohl’s) is a specialty department store. As of January 31 2015 the Company operated 1162 department stores in 49 states and an e-Commerce Website (www.Kohls.com). The Company sells private label and national brand apparel footwear accessories beauty and home products. The Company’s stores carry a merchandise assortment with differences attributable to regional preferences. The Company’s Website includes merchandise which is available in the stores as well as merchandise which is available only on-line. Its private brands include Apt. 9 Croft & Barrow Jumping Beans SO and Sonoma Life + Style. The Company’s exclusive brands consist of Food Network Jennifer Lopez Marc Anthony Rock & Republic and Simply Vera Vera Wang. It also offers products under the Fitbit IZOD Juicy Couture Gaiam Nespresso and PUMA brands as well as Jumping Beans collections featuring Disney characters. It also operates a nationwide loyalty program called Yes2You rewards.