71.62 0.00 (0.00%)
After hours: 5:15PM EDT
|Bid||71.31 x 1400|
|Ask||71.61 x 900|
|Day's Range||70.96 - 73.51|
|52 Week Range||57.89 - 83.28|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||14.80|
|Earnings Date||May 21, 2019|
|Forward Dividend & Yield||2.68 (3.90%)|
|1y Target Est||76.31|
Kohl's Investors Welcome Expansion of Partnership with Amazon(Continued from Prior Part)Earnings in Q4 and fiscal 2018 Kohl’s (KSS) adjusted EPS grew 20% to $2.24 in the fourth quarter of fiscal 2018, which ended on February 2. The company exceeded
Kohl's Investors Welcome Expansion of Partnership with Amazon(Continued from Prior Part)Recent performance Kohl’s (KSS) net sales fell 3.4% to $6.54 billion in the fourth quarter of fiscal 2018, which ended on February 2. Kohl’s fourth-quarter
Kohl's Investors Welcome Expansion of Partnership with AmazonExpansion of strategic deal with Amazon Kohl’s (KSS) stock surged 11.9% on April 23 in reaction to news of an expanded partnership with Amazon (AMZN). Effective this July, Kohl’s will
Happy Returns, which provides e-commerce package return services, has completed an $11 million round of financing, and PayPal Holdings Inc. is among the investors. Happy Returns, founded in 2015, has more than 350 Return Bars in 63 U.S. metro areas and partnerships with retailers like Sur La Table and PaperSource. The company has raised $25 million since its founding. E-commerce returns have become a focus of the retail industry with companies like Walgreens Boots Alliance Inc. adding the service to thousands of its stores, and Kohl's Corp. and Amazon.com Inc. expanding their partnership for returns. PayPal stock has rallied 27.5% in 2019 while the S&P 500 index is up 16.8% for the period.
Amazon.com, Inc. (NASDAQ: AMZN) will close fulfillment centers in four states to retrofit them for other purposes, a move that will displace thousands of employees, and could lead to their departure from Amazon, the company confirmed on April 23 in response to a report earlier that day that appeared on Yahoo. According to the news report, the facilities to be closed are called "Amazon Robotics Quick Deploy," which handle small items and use Kiva orange robots that move shelves of goods to human pickers. The centers, located in California, Illinois, New Jersey and Texas, will be re-designed for use as sorting centers, Amazon Fresh delivery hubs and print-on-demand book sites, according to the report.
The deal for Kohl's Corp. (KSS) to accept Amazon.com returns is only one side of the story. On the other side is the issuance of warrants to buy up to 1.75 million shares of Kohl's by Amazon. Kohl's has an enterprise value just under $14 billion, about what Amazon generates in free cash flow annually.
Amazon (NASDAQ:AMZN)has taken another huge step towards becoming an omnichannel retailer. The Seattle-based firm has expanded its alliance with Kohl's (NYSE:KSS).Source: Shutterstock Under the terms of the deal, customers may return the items they purchased on Amazon at all Kohl's stores. Previously, the service was only available at 100 Kohl's stores. * 10 Stocks to Sell Before They Give Back 2019 Gains Although the impact of the deal on Amazon stock remains unknown, the move makes buying producvts on Amazon more like making in-store purchases. It also could eventually enable Amazon to greatly expand its physical-store footprint.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Returns at Kohl's Could Lead to Something BiggerKohl's already sells some items from Amazon in about 200 of its stores. Moreover, some Kohl's stores have an Amazon Smart Home Experience, which places the Alexa smart-speaker ecosystem on display. Now, with all Kohl's stores accepting Amazon returns, Amazon will be able to provide more personalized service to its customers. Consumers tend to feel dissatisfaction with a company when they return items, so adding a personal touch when returns are made can help a company avoid losing customers.However, I think the announcement speaks to a goal that's more directly critical to both AMZN and Amazon stock. Last year, Amazon launched Prime Wardrobe, a "try before you buy" clothing service. The service meets the needs of customers who want to feel and try on clothes before buying them. It also helps AMZN compete with firms such as Stitch Fix (NASDAQ:SFIX). Stitch Fix, another "try before you buy" outfit, uses artificial intelligence (AI) to determine individuals' clothing preferences.Still, some still might feel more comfortable buying clothes at a physical store. Consequently, an expanded alliance between AMZN and KSS or an outright buyout of Kohl's by Amazon would be a logical step for Amazon. Such a step would bring Amazon's Echo, returns, and clothing sales to over 1,100 stores across 49 states. It would also make Amazon a true omnichannel retailer in more areas. Furthermore, since consumers consider both Amazon and Kohl's "discounters," such a merger would likely be a better fit for Amazon than its acquisition of Whole Foods has been. Retail Profits Don't Affect Amazon Stock MuchHowever, the Whole Foods deal should lead investors to question the extent to which a merger with KSS will help Amazon stock. The single-digit revenue growth of Whole Foods falls short of the growth of other parts of AMZN. Likewise, the owners of Amazon stock would have to realize that an acquisition of Kohl's would further slow Amazon's revenue increases.Moreover, despite the massive revenues that AMZN obtains from its retail business, the company earns most of its profit from its cloud business, Amazon Web Services (AWS). As a result, I do not see how any additional deals with Kohl's will help Amazon stock. Concluding Thoughts on Amazon StockAmazon's decision to accept returns at more Kohl's stores will make consumers view Amazon as more of an omnichannel retailer. The deal will also enable AMZN to provide an increased level of personal service to its customers. By buying KSS, AMZN would boost Prime Wardrobe and become one of the larger clothing retailers.However, for all of the buzz and revenue such moves generate, yesterday's deal increases the attractiveness of KSS stock more than AMZN stock. An acquisition of Kohl's by AMZN will likely not produce the massive profit increases which is important for the owners of of Amazon stock. AWS affects AMZN's profits much more than its retail business, and that will remain the case, no matter what happens between Amazon and Kohl's.Prime shoppers have a lot to smile about in the wake of the deepening alliance between AMZN and Kohl's. Prime Wardrobe customers and the owners of KSS stock may have more reasons to rejoice in the future. However, for the holders of Amazon stock, this deal should elicit little more than a yawn.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post The New Kohl's Deal Probably Won't Affect Amazon Stock Significantly appeared first on InvestorPlace.
Kohl's Corporation (NYSE: KSS) announced an expansion of its partnership with Amazon.com, Inc. (NASDAQ: AMZN) across 1,150 stores in the United States. UBS' Jay Sole maintains a Neutral rating on Kohl's with an unchanged $72 price target. Kohl's stock gained more than 10 percent after confirming its partnership expansion and the double-digit move doesn't fully incorporate the true potential, Sole said in a research report.
Kohl's wants you to skip the post office and bring your Amazon returns to its stores. The department store chain said Tuesday that it will accept Amazon returns at all its 1,150 stores starting in July, expanding its nearly two-year test of the service from 100 stores. Kohl's sees the partnership with Amazon as a way to get people in its doors and maybe get them to buy something while they're there.
Kohl's said the agreement, which was first launched in 2017 around 100 pilot stores, will now roll out around the retailer's 1,150 locations nationwide, allowing Amazon customers to bring unpacked returns for no extra fees. Kohl's said the program is likely to impact group sales, as well as its selling and administrative expenses. "We are thrilled to bring Amazon Returns at Kohl's to all of our stores across the country," said CEO Michelle Gass.
Kohl's will expand Amazon returns processing at local stores 10-fold, starting in July. Kohl's stock jumped past a buy point.
What a surge we got in the stock market today, with the S&P 500 taking out its prior record closing from 2018. Same for the Nasdaq. As nice as it is to see stocks moving higher, it does create a less attractive risk/reward for new longs. Let's see what top stock trades we can find as earnings continue to roll in.Twitter (NYSE:TWTR) is perhaps the most notable mover on the day. See to it that the stock now stays over former resistance, which was laid out the other day. I would also like to see it stay over its key Fibonacci retracement levels now. Top Stock Trades for Tomorrow 1: Procter & GambleInvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is how you know Procter & Gamble (NYSE:PG) came into the print too hot. The company beat on earnings and revenue estimates and bumped its full-year outlook. Still, shares fell 3.2% on Tuesday.The decline drops PG out of its rising channel and puts downside targets back on the table. Given how strong the stock has been and given that its report was more a sell-the-news event rather than panic on poor results, the first spot to look is the 50-day moving average. * 7 Digital Ad Stocks That Deserve Your Attention Right Now Should $100 to $101 fail to buoy PG, a decline into the mid-$90s is possible before buyers step in. I want to see where support comes in, and what happens on the ensuing rebound. Top Stock Trades for Tomorrow 2: Kohl's=Kohl's (NYSE:KSS) stock is rocketing higher on Tuesday, up 12%, on news that the company would expand its partnership with Amazon (NASDAQ:AMZN).$80-ish is pretty clear resistance for the stock, which is erupting off uptrend support while the 20-week is crossing above the 50-week moving average. The latter development could signal a shift into bulls' favor as far as long-term momentum goes.However, in the intermediate term, I want to see how KSS does with uptrend resistance and the $80 level. A push through could create a new leg higher. A rejection provides a buy-the-dip opportunity. Top Stock Trades for Tomorrow 3: RokuShares of Roku (NASDAQ:ROKU) are popping nicely on Tuesday, up about 8% following a bullish analyst note.The stock is gapping up through the 20-day and 50-day moving average, a rally that's threatened to stall if shares pullback over the next session or two. However, I have my eyes on a larger level, that being downtrend resistance currently near $67.50.Should it get there, I expect Roku to run into some sellers. If a pullback ensues, see where the buyers step back in. Should we get a decline back to downtrend support and the 200-day, Roku is worth a shot on the long side, at least for a bounce.This one has been struggling, so it has to prove that momentum is back to trust it on the long side. Top Stock Trades for Tomorrow 4: Small CapsWith FAANG names roaring back, small caps may not be the main focus right now. However, the direction of the IWM has been a leading indicator at times.The good news for bulls is that iShares Russell 2000 ETF (NYSEARCA:IWM) is up 1.6% on Tuesday and outpacing all other indices. That said, it has some catching up to do.I loved the little pullback we got last week, with three straight declines, the last two of which tested down into moving average support and bounce to close basically flat each day. With the 20-day, 50-day and 200-day all just below the current price and resistance sitting at current levels, the strong rally in the IWM looks great.Should it breakout over this level, the IWM has room to run. While the S&P 500, Nasdaq and Dow are all hovering near their highs, the IWM could still run another $12 and not hit them. I really like a breakout over $158. Below last week's lows near $154.75 and I'd change my thesis. Top Stock Trades for Tomorrow 5: Johnson & JohnsonWhen Johnson & Johnson (NYSE:JNJ) reported earnings last week, the stock flirted with a big move over $140. However, that rally faded intraday, with JNJ closing near $138. That showed that JNJ was not yet ready for the breakout, although stalling at $140 should be no surprise. Ahead of the event, we wrote, "$140 is clearly short-term resistance."A pullback into the 20-day and 50-day moving average held, meaning JNJ had reset enough to warrant another look. Now here we are at $140 again, with JNJ stock threatening to move even higher. A close over $140 has me interested on the long side. * 10 High-Yielding Dividend Stocks That Won't Wilt Below the 50-day and I'll lose my interest. Above $140 opens the door to $146+ going forward.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post 5 Top Stock Trades for Wednesday: PG, KSS, ROKU appeared first on InvestorPlace.
You no longer have to be lucky if you want to return your Amazon order to aKohl's store instead of heading to your local courier
Kohl’s has been getting cozier with Amazon in recent years, with the aim of drawing more new customers into its stores. “We expect this strategy to help lift traffic and drive” comparable sales at Kohl’s, said Randal Konik, an analyst at Jefferies. Kohl’s also issued a warrant to an Amazon investment arm to let it buy as many as 1.75 million shares of Kohl’s stock.
The returns program with Amazon.com, launched in 2017, is currently available in 100 Kohl's stores mostly concentrated in the Los Angeles, Chicago and Milwaukee markets. The new program will allow returns at Kohl's all 1,159 stores in the United States. "This new service is another example of how Kohl's is delivering innovation to drive traffic to our stores and bring more relevance to our customers," said Kohl's Chief Executive Officer Michelle Gass.
Kohl’s will be accepting Amazon returns in all of its stores across the country, starting this July. As of today, only 100 Kohl's stores have this option. Yahoo Finance's Jen Rogers, Myles Udland, Brian Sozzi and Brian Cheung discuss.