Kohl's Corporation (KSS) Stock Sinks Despite Earnings Beat

JC Penney shares plunge after sales miss estimates

During the same period in the prior year, the business earned $1.22 EPS. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share. The value of the total investment in Kohl's Corporation increased from $22,580,000 to $47,210,000 a change of $24,630,000 since the last quarter.

Penney's results were in contrast to those from industry stalwarts Macy's and Nordstrom, both of which beat market expectations for second-quarter profit and comparable sales on Thursday. As of the latest earnings report the EPS was $3.45 and is projected to be $3.71 for the current year with 170,481,000 shares outstanding.

During the quarter, comparable store sales fell 0.4% in the fiscal second quarter, versus comparable sales falling 1.8% in the same period past year.

Kohl's Corporation (NYSE:KSS) last issued its earnings results on Thursday, August 10th. The company reported $1.24 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.19 by $0.05. Comparatively, the peers have a net margin 23.42%, and the sector's average is 13.36%.

Old Second National Bank Of Aurora decreased Kohls Corp (KSS) stake by 37.61% reported in 2016Q4 SEC filing. During the same period previous year, the business posted $1.22 EPS. The business's revenue for the quarter was down.9% on a year-over-year basis. Analyst's mean target price for ITUB is $11.90 while analysts mean recommendation is 2.70. Instinet reaffirmed a "buy" rating and issued a $51.00 target price (up previously from $41.00) on shares of Kohl's Corporation in a research note on Thursday. The bumped up target suggests a potential downside of -0.02% from the company's last closing price.

Among 21 analysts covering Kohl's Corporation (NYSE:KSS), 6 have Buy rating, 2 Sell and 13 Hold. At the time of writing, the First Call consensus price target for the company is $40.55.

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Revenues fell 0.9% from a year ago to $4.14 billion, but still beat analysts' view for $4.12 billion. If you are accessing this report on another site, it was stolen and reposted in violation of worldwide copyright & trademark law. Trexquant L P has invested 0.12% in Kohl's Corporation (NYSE:KSS).

Over the past 50 days, Kohl's Corporation stock's -12.46% off of the high and 9.90% removed from the low. About 500 shares traded.

Kohl's Corporation now has a P/E ratio of 11.19 and the market cap of the company is 6.59B. (KSS) now has a value of $39.5 while the company's 52 week low is at $35.16, the shares dropped to the 52 week low on 06/06/17.

Shares of the company are trading at $38.64 which is a tad under $39.64, the 50 day moving average and which is slightly below the 200 day moving average of $39.37. Midas Management Corporation has invested 0.66% in Kohl's Corporation (NYSE:KSS). Traders acquired 20,293 call options on the company.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Kohl's Corporation pays out 64.1% of its earnings in the form of a dividend. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth. Jefferies Group LLC cut their price target on shares of Kohl's Corporation from $54.00 to $48.00 and set a buy rating on the stock in a report on Tuesday, May 9th. As of quarter end Parametric Portfolio Associates LLC had bought 653,659 shares growing its position 115.2%. Gulf International Bank UK Ltd increased its stake in Kohl's Corporation by 5.4% in the first quarter. The Teacher Retirement System Of Texas holds 58,870 shares with $3.78M value, up from 8,318 last quarter. It also reduced Discover Financial Services Co (NYSE:DFS) stake by 5,080 shares and now owns 10,458 shares. Exane Derivatives boosted its stake in Kohl's Corporation by 209.8% in the second quarter. Confluence Investment Management Llc sold 135,133 shares as Kohl's Corp.

The stock has widely underperformed those of peers such as Nordstrom and Kohls, signaling that investors are taking note of which department stores are best reshaping themselves amid an ongoing retail meltdown.

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