Kohl's tops earnings forecasts on lower costs

Kohl's tops earnings forecasts on lower costs

Kohl's Corporation (NYSE:KSS) showed there is still life in the mall, or at least its outparcels, by delivering a solid beat on revenue and earnings for its third quarter. The result likely spurred hope the Kohl's shopper is in a good mindset - at least prior to Election Day - ahead of the holiday shopping season.

The CEO added that Kohl's did an "excellent job managing inventory" and controlling expenses. The day began at US$87.9 but the price moved to US$86.18 at one point during the trading and finally capitulating to a session high of US$88.48. (NYSE:KSS) traded up 4.41% during trading on Friday, reaching $53.22. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.10.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. The fiscal year 2016 current estimate trend was for $3.88 as compared to FY 2017 current Estimate trends of $4.13. Convergence Investment Partners LLC bought a new position in shares of Kohl's Corp. during the third quarter valued at approximately $2,272,000.

The number of Kohl's Corporation shares in issue is 179,593,000 which have a current share price of 50.97 bringing Kohl's Corporation's market capitalisation to 9.15B United States dollars. The company rocked its 52-Week High of $52.91 on Nov 10, 2016 and touched its 52-Week Low of $33.87 on May 12, 2016. Morgan Stanley now owns 1,336,085 shares of the company's stock valued at $58,453,000 after buying an additional 1,056,527 shares in the last quarter. The company has Beta Value of 1 and ATR value of 1.78. The ratio increased, as 74 funds sold all Kohl's Corporation shares owned while 158 reduced positions.

Moving toward the volatility measures, the price volatility of stock was 1.99% for a week and 2.20% for a month as well as price volatility's Average True Range for 14 days was 2.71. Where traditional retailers formerly purchased items months in advance, they're now pressured to have fresh merchandise on the sales floor in weeks. BOKF NA now owns 10,854 shares of the company's stock valued at $475,000 after buying an additional 1,225 shares during the last quarter. While in the same Quarter Previous year, the Actual EPS was $0.75.

Kohl's Corp. (NYSE:KSS) has the market capitalization of $9.25 Billion.

In the liquidity ratio analysis; quick ratio for most recent quarter was 0.40 while current ratio for time period was 1.80. Company gross margin stands at 35.90% whereas its return on investment (ROI) is 9.80%. As far as the returns are concern, the return on equity was recorded as 4.30% and return on investment was 8.90% while its return on asset stayed at 1.20%.

Related news:

Hot News

isis-killer-beheading-video-story-top 'Mud Dragon': Dinosaur Skeleton Found in China During Excavation
Nov 12, 2016 - 07:03
A specimen from a previously undiscovered species of dinosaurs has been found in the Ganzhou area of south China accidentally. Scientists have named the new species Tongtianlong limosus , meaning "muddy dragon on the road to heaven".

isis-killer-beheading-video-story-top Major News for Blac Chyna and Rob Kardashian!
Nov 11, 2016 - 01:26
A source told Us Weekly: " Blac was in a wheelchair and keeping her head down to avoid photographers". " Rob looks very excited". Reality TV star Rob Kardashian's girlfriend Blac Chyna has given birth to their first child together, a baby girl.

isis-killer-beheading-video-story-top Clinton, Trump spending election eve in Pennsylvania
Nov 10, 2016 - 10:21
Boosted by the FBI's clearing of Clinton, the peso gained as much as 2.5 percent to hit a 12-day high of 18.55 per dollar. Clinton garnered more support among Democrats (91 per cent) than Trump does among Republicans (86 per cent).

isis-killer-beheading-video-story-top Voting on Tuesday is so important 'SNL' did this
Nov 10, 2016 - 10:20
I just hate yelling all this stuff at you like this", Baldwin says, breaking character and addressing McKinnon directly. The KKK's official newspaper endorsed Trump for president earlier this week.

isis-killer-beheading-video-story-top Tips for getting deals for the Black Friday weekend
Nov 10, 2016 - 10:18
Last month, Target said it will offer more deal-driven promotions and extend its free shipping window to January this year. At big-box stores, it helps to split up and seek out the popular items or send one person to stand in the checkout line.

Kevin Durant Erupts Against Russell Westbrook's Thunder
Nov 10, 2016 - 10:16
Warriors: Visit the Lakers on Friday to face former top assistant Luke Walton for the first time since he became L.A.'s new coach. IN had a brief surge in the fourth quarter, closing within nine points, but could get no closer and fell to 0-3 in road games .

isis-killer-beheading-video-story-top Oil reversed most of its early losses
Nov 10, 2016 - 10:13
Analysts say a Trump presidency bodes well for the crucial Keystone pipeline that has been delayed under the Obama administration. Donald Trump defeated Democratic presidential nominee Hillary Clinton to become the 45th president of the United States.

Hillary is phenomenal;singularly qualified to be prez:Michelle
Nov 10, 2016 - 10:12
A Reuters/Ipsos tracking poll on Saturday showed Clinton ahead by 4 percentage points nationally compared to 5 points on Friday. The States of the Nation poll found that early votes have been cast evenly between Trump and Clinton in North Carolina.

Tim Kaine Eyes 'Checkmate States' in Tuesday's Presidential Election
Nov 10, 2016 - 10:09
In a victory speech given early Wednesday morning in New York City, Donald Trump promised to renew and rebuild America. I still believe in America and I always will. "This is painful, and it will be for a long time", Clinton acknowledged.

isis-killer-beheading-video-story-top Wal-Mart Pay in talks with several mobile wallet companies
Nov 10, 2016 - 10:09
Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at $482,118,555.20. Sell-side research firms now have a consensus one year price target of $74.85 on the stock according to First Call.

Jurors considering damages in Rolling Stone case
Nov 09, 2016 - 08:26
Eramo's suit alleged that Rolling Stone acted recklessly and willfully disregarded facts in reporting the story. Eramo wept repeatedly as she recounted personal and professional difficulties after the article was published.

Buffalo angry at mishandled call by officials in 31-25 loss
Nov 09, 2016 - 08:25
On the Bills' next drive, though, Mike Gillislee punched in a 1-yard touchdown to finish off a 13-play, 82-yard trip down field. When you go for a block, that's what you do. "I assumed he was going to stop when he saw me going for the ball but he didn't".

Scotland looking for Andy Murray inspiration at Wembley
Nov 09, 2016 - 08:23
There's a lot of good young players, a lot of speed in the team and if these guys find momentum they are a top team. If hes only going to come back for one game I dont feel its right for the other players who are sat on the bench.”.

Government puts NDTV ban on hold
Nov 08, 2016 - 03:28
The government's decision comes after the Indian news agency moved India's Supreme Court to challenge the daylong blackout. Sources stated that the decision has been put on hold till the time the appeal is disposed of.

Arsenal Fans Round On Attackers Following Draw With Spurs
Nov 08, 2016 - 03:25
Kane added: "It has been a hard spell for us but we came out against Arsenal and played very well, we could have even nicked it". That was our idea and to play two striker and two midfielders who are more offensive.