49.65 -0.00 (-0.00%)
After hours: 7:51PM EDT
|Bid||49.36 x 900|
|Ask||49.65 x 1000|
|Day's Range||49.20 - 50.53|
|52 Week Range||45.21 - 83.28|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||10.36|
|Earnings Date||Aug 19, 2019 - Aug 23, 2019|
|Forward Dividend & Yield||2.68 (5.43%)|
|1y Target Est||61.41|
Kohl's Corp. said Wednesday that it will hire thousands of workers for positions across the country. About 3,000 associates will be brought on for customer service and omnichannel positions. The retailer will also add seasonal associates, starting this summer to help with the back-to-school shopping season and staying on through the holidays. There are also summer seasonal positions that will start in August spanning across nine distribution centers and five e-commerce fulfillment centers. Up to 50 seasonal positions are open at "omni power centers" located within stores. These workers will help fill digital orders from stores. Finally, Kohl's has five new stores opening in Minnesota, New York, Kentucky, Pennsylvania and Colorado in need of full- and part-time workers. Kohl's stock has taken a 25% tumble in 2019 while the S&P 500 index is up nearly 20%.
Kohl’s (KSS) today announced the company’s hiring plans to add results-oriented candidates to its team of associates to help deliver an easy experience to customers during the back-to-school, fall and holiday seasons. Beginning today, Kohl’s is now hiring for an early wave of seasonal positions across 500 stores, nearly double the number of stores with early hiring positions compared to last year. All Kohl’s stores, distribution and e-commerce fulfillment centers will begin seasonal hiring later this summer in August.
Rating Action: Moody's affirms ten classes of GSMS 2012- GCJ7. Global Credit Research- 16 Jul 2019. Approximately $1.02 billion of structured securities affected.
Kohls Corp NYSE:KSSView full report here! Summary * Perception of the company's creditworthiness is neutral but improving * Bearish sentiment is moderate and declining * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is moderate for KSS with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 24. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold KSS had net inflows of $8.61 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator with a strengthening bias over the past 1-month. KSS credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
This back-to-school season, Kohl’s (KSS) is bringing children and their families along on adventures through author and illustrator Dan Santat’s uplifting books in the newest Kohl’s Cares collection, available now through September 8 at all Kohl’s stores nationwide and on Kohls.com. Priced at just $5 each, children and their families will enjoy captivating stories and adorable plush toys together while giving back to their communities, with 100 percent of the net profit benefitting organizations that improve the health and wellness of children and families nationwide.
Amazon.com, Inc. (NASDAQ: AMZN)'s annual Prime Day selling event kicked off Monday and goes through Tuesday. ◘ Ideal for the home office, Amazon is selling a Keurig K-Mini single-serve coffee maker with 12 K-cup AmazonFresh pods included. Amazon is selling a Sony 70-inch TV at 50% off at $799.99.
Kohl’s Corporation (NYSE: KSS) today announced that its Board of Directors increased the size of the Board to eleven members and elected Michael Bender to fill the new Board seat effective immediately. Bender has been elected to a term expiring at Kohl’s 2020 annual shareholders meeting and will be eligible for re-election by Kohl’s shareholders at that time. Previously, Bender held a number of successive management positions at Walmart Inc. over eight years, having most recently served as Chief Operating Officer of Global eCommerce.
InvestorPlace's Brett Kenwell recently suggested that AT&T (NYSE:T) was a good buy at $32. Although Brett views the 6% yield on T stock as very attractive, he believes investors interested in buying the company's stock can get a better entry point in the low $30s. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsI'm not a fan of T stock primarily because of its debt. However, any time you can buy a stock for less, I think you should try to do so.Kenwell argues that despite having $167 billion in debt -- most of which was added to buy Time Warner -- the cash flow the content creator delivered to AT&T more than makes up for the additional leverage. And let's not forget once more that juicy 6% yield -- a dividend payment that has been increased for 35 straight years -- makes America's largest wireless carrier an income investor's dream stock. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond I'm here to say that investors should never buy AT&T stock for its 6% yield. Here's why. Can You Do Better?Of the 505 S&P 500 stocks (that includes dual classes), AT&T has the 10th highest dividend yield according to Finviz.com. Currently, AT&T's debt represents 68% of its market cap.I would argue that if any of the nine S&P 500 stocks with a higher yield than T stock have less debt as a percentage of their market cap, you ought to at least consider those stocks if you are focused on income rather than capital appreciation. After looking at each of the nine stocks possessing higher dividend yields, none of the stocks are in any better shape from a debt perspective than AT&T. Occidental Petroleum (NYSE:OXY) would have been if not for its pending $57 billion acquisition of Anadarko Petroleum (NYSE:APC) adding $30 billion in debt. Its debt post-acquisition will account for more than 100% of its market cap, although it does plan to sell some non-core assets to bring down leverage. So, at least from a higher yield perspective, you can't get an S&P 500 stock that delivers a better yield without sacrificing the quality of cash flow, etc.However, if you include all stocks with a market cap of $2 billion or higher, I'm confident you could find a stock with a stronger balance sheet. According to Finviz, 195 stocks have a dividend yield of 5% or higher. I found a couple of examples that fit the bill. Example 1: BCEBeing from Canada, I just had to pick a Canadian stock. BCE (NYSE:BCE), one of Canada's largest media companies, currently yields 5.1%. At the end of March, it had $21 billion in short and long-term debt, which represents 50% of its current market cap of $41.5 billion. It is very similar to the new AT&T in that it also has a media division that owns TV and radio stations, cable networks, and Pay TV channels. It's one of Canada's most successful content creators. Although it can't hold a candle to Time Warner in terms of both the amount of content and the revenue generation, it does provide its wireless and landline businesses with excellent opportunities for cross-promotion.Is it worth giving up 90 basis points of yield for significantly less debt? If you're an income investor, I think it is. Example 2: Kohl'sThis second example, if you're a current AT&T shareholder, will probably make you laugh, but that's okay. I'm not here to evaluate the merits of which sector is a better investment. I'm merely pointing out stocks with better debt profiles that have a high dividend yield. I'm speaking about Kohl's (NYSE:KSS), the value-priced department store with more than 1,100 locations in 49 states. Sure, retail's still got a lot of weakness, but overall, I think the future remains positive despite the brick-and-mortar store closures over the past two years. As I write this, Kohl's dividend yield is 5.6%, 40 basis points less than AT&T. However, its $1.9 billion in debt is only 24% of its current market cap of $7.8 billion. Its yield is higher than usual due to a 21% decline in its stock price year to date through July 10 (a 27% drop including dividends). While Kohl's can't hold a candle to AT&T's cash flow, it generated $1.9 billion over the trailing 12 months through May 4, despite a 3.4% decline in its same-store sales in the first quarter and a 2.9% decrease in overall revenues. Despite the unusually slow start to its fiscal year, Kohl's expects earnings per share of at least $5.80 in fiscal 2019, a forward P/E of just 8.3.From where I sit, Kohl's provides an attractive dividend yield with better upside potential than AT&T. The Bottom Line on T StockAs I said in the beginning, I'm not a fan of AT&T because of its debt. However, if you own it merely for the dividend yield, you might want to reconsider your reasoning. Owning a stock for its yield alone is never a good idea. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post AT&T Is Not Worth Buying Just for Its 6% Yield appeared first on InvestorPlace.
(Bloomberg Opinion) -- If you’ve spent any time in the Instagram fashion bubble recently, you probably know that Nordstrom Inc. is holding a massive promotional event that kicks into high gear on Friday. It’s called the Anniversary Sale, and it’s a weeks-long run of price reductions on new merchandise that the retailer has done a remarkable job of getting the fashion influencer-set to hype.(2)This time around, the deals bonanza represents an especially important test for the department store. Some of it has to do with the timing. Wall Street sentiment has curdled on this chain in recent months. In fact, Nordstrom is the worst-performing stock in the S&P 500 Index year-to-date. (Fellow department store heavyweights Macy’s Inc. and Kohl’s Corp., it should be noted, aren’t far behind.)A particularly sharp drop in share price came after its first-quarter earnings report, which rightly set off alarm bells for investors. Sales sank 3.5% from a year earlier in that period as a result of a raft of missteps: It changed how it distributed rewards to loyalty program members and that didn’t go well; it was out of stock on key beauty items; and didn’t have the right mix of entry-level and higher-price items in its women’s clothing business. That pricing issue might be a particular concern. UBS retail analyst Jay Sole wrote in a July research note that, in his recent customer survey, 5% more shoppers said Nordstrom has become more expensive than said so last year. Of course, Nordstrom isn’t aiming to be a discount retailer; weakening price perception would be a worse finding for, say, Kohl’s. But this still represents a risk that Nordstrom is alienating one-time devotees and could fail to attract younger shoppers. The Anniversary Sale, with its bounty of deals, is a good opportunity to chip away at that perception. But I’m going to be watching more than the price tags. It’ll be important to see whether Nordstrom is able to stay in-stock on those entry-price items, as well as particularly trendy ones, through the early days of the sale. I’ll also have an eye out for any website glitches that might frustrate online shoppers. During last year’s event, the company had to apologize for website problems; the site also had issues the previous year amid the surge in visits. Nordstrom needs to demonstrate it has learned from those mistakes and has invested technology resources appropriately to move past them.Big sale events sometimes can seem meaningless these days, when the likes of Gap Inc. and Macy’s seem to be having a promotion practically every day of the week. And another splashy deals event – Amazon.com Inc.’s coming Prime Day – seems to be taking up quite a lot of retail-industry oxygen.But the Anniversary Sale really matters for Nordstrom. The company indicated as much in its annual report:“Due to our Anniversary Sale in July and the holidays in the fourth quarter, our sales are typically higher in the second and fourth quarters than in the first and third quarters of the fiscal year. Any factor that negatively impacts these selling seasons could have an adverse effect on our results of operations for the entire year.”I still think Nordstrom has many advantages compared to its apparel-industry peers, including its not-bloated store fleet, its strong customer service, and its potentially potent idea for small-format local service centers. But for now, Nordstrom badly needs a win in the second quarter. Strong execution of this deals event will help determine whether it gets one.(1) Loyalty members who are top-tier spenders got access to the sale previously, but Friday is the kickoff for the masses, when any Nordstrom cardholder can start shopping.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Avis Budget, Kohl???s, Dropbox, ServiceNow and Veeva highlighted as Zacks Bull and Bear of the Day
Four of the market's premier retail brick and mortar stocks - Macy's Inc. (M), Gap Inc. (GPS), Kohl's Corp. (KSS) and Nordstrom Inc. (JWN) - have seen their shares plunge this year, all making the list of the S&P 500’s five worst performing stocks year-to-date (YTD). Meanwhile, the broader market has rallied to new highs, with the S&P 500 up 19.4% in 2019. Meanwhile, the traditional retailers will have to move quickly to fight off newer competitors adapt to new commerce trends to catch up, as outlined in a recent Wall Street Journal report.
Kohl’s Corp. now accepts returns of Amazon purchases at all of its stores throughout the nation. The retailer announced the completion of its program expansion this week. The concept allows customers to bring eligible Amazon purchases they wish to return to drop off for free at a Kohl’s store.
This back-to-school season, Kohl’s (KSS) is rewarding customers with must-have brands and essentials, big deals and savings, and an easy shopping experience that add up to a successful start of the school year. With an expansive selection of jeans, t-shirts, activewear, sneakers, backpacks, and more from top national and private brands, along with easy shopping conveniences like Buy Online, Pick Up In Store and Kohl’s-exclusive values like Kohl’s Cash®, Kohl’s is the back-to-school destination the whole family will love. “We’re rewarding the everyday by giving Kohl’s customers confidence that they will find incredible value on the top brands they want and the back-to-school essentials they need to start the year off right including denim, activewear and footwear for the whole family,” said Greg Revelle, Kohl’s chief marketing officer.
One thing that distinguishes Amazon.com (NASDAQ:AMZN) from its Chinese doppelganger, Alibaba Group Holding (NASDAQ:BABA), is the latter's larger retail footprint.Source: Amazon While Alibaba has been buying supermarkets and shopping malls, and stuffing them with branded technology and services, Amazon has only bought Whole Foods, an upscale food store that still operates with a degree of autonomy.The infrastructure that Amazon is most devoted to isn't in retailing, but delivery. Some see that changing. Kohl's (NYSE:KSS) is making all its stores into Amazon drop-off locations. Rite Aid (NYSE:RAD) has launched a pilot making its stores Amazon package pick-up locations.InvestorPlace - Stock Market News, Stock Advice & Trading TipsRite Aid hopes people picking up Amazon packages will stay to get prescriptions filled. Kohl's hopes people dropping off packages for Amazon will stay to try on some clothes. But what's in this for Amazon? Amazon is InfrastructureAmazon has hurdles in the way of getting a greater share of the American wallet and making more than a retailer's profit on that share. * The 7 Top Small-Cap Stocks Of 2019 Thieves steal packages from stoops. Many of my neighbors have had this happen. Returns are a hassle. I have a package of stand mixer beaters on my desk I need to send back … and it's gathering dust.Amazon's fulfillment system lets retailers absorb its inventory risk. The beaters on my desk come from a Florida retailer called Goodman's.But Amazon's retail operations aren't where it makes its money. They're a source of cash flow used to invest in cloud computing centers, warehouses and delivery vehicles. The computers make money. The other infrastructure doesn't. This is partly because the computers run without people. The warehouses don't. People like to be fed.Analysts assuming Amazon will now buy Rite Aid, or Kohl's, are missing the point. Amazon doesn't see itself as a retail company. It never did. Amazon is, was, and always will be an infrastructure company.Warehouses are infrastructure. Delivery vehicles are infrastructure. Clouds are infrastructure. Broadband, too, is infrastructure. If Amazon can build out a constellation of 3,256 satellites and cover the world in broadband, as it's proposing, it can offer that infrastructure to competitors and make a profit from them.Amazon doesn't have to own the merchandise it sells you, although policing merchants is increasingly expensive. The aim is to make itself essential, not in the way Walmart (NYSE:WMT) is, more in the way FedEx (NYSE:FDX) is.Retail mark-ups look fat but even the best-run retailers only bring about 3% of that volume to the bottom line … and that's in a good year. That's why Kroger (NYSE:KR) is worth just $17 billion, less than one-tenth last year's sales of $121 billion. * 7 Retail Stocks to Buy That Are Down in 2019 Infrastructure profits are far more certain. If Amazon can drive the cost of its infrastructure below that of rivals, it can replicate the success its Amazon Web Services has had. During the first quarter of this year AWS had operating income of $1.4 billion on revenue of $5.44 billion. The rest of the company made less than $1 billion on sales of $45 billion. Bottom Line on Amazon StockFor Amazon, retailing is a means to an end.The end is the margin Amazon makes from its infrastructure. By cutting the cost of getting merchandise from factories to your front door, and by running its own retailing at break-even, Amazon hopes to become America's middleman.Amazon next reports earnings on July 25, with net income of $5.28 per share of AMZN stock expected on revenue of $62.51 billion. That's a year-over-year growth rate of 18% on the top line, but barely more than the $5.15 per share earned a year ago.The point is that for years investors focused on Amazon's growth rate and cash flow. The Amazon stock investment thesis from here on will be watching its middleman margins grow.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN, BABA and KR. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post Latest Brick-and-Mortar Pacts Make Amazon Americaas Middleman appeared first on InvestorPlace.
Amazon customers can now make returns for free at any Kohl's store. Here's what that means for the No. 2 U.S. department store chain.
Kohl’s (KSS) today announced a donation of $1 million, over three years, to Junior Achievement of Wisconsin (JA) to provide more than 70,000 students in Southeastern Wisconsin with economic and financial literacy education at the JA Kohl’s Education Center. The funding will support the continuation of JA Capstone programming through JA BizTown® and JA Finance Park®.
Earnings season is underway, and Sarah Hunt, Alpine Woods Capital Portfolio Manager, joins Yahoo Finance to break down the economic outlook.