|Bid||78.87 x 900|
|Ask||78.91 x 1800|
|Day's Range||75.51 - 80.00|
|52 Week Range||37.35 - 80.00|
|PE Ratio (TTM)||15.19|
|Earnings Date||Aug 21, 2018|
|Forward Dividend & Yield||2.44 (3.19%)|
|1y Target Est||76.35|
Kohl's and TJX earnings on Tuesday will be highlights for investors as markets deal with yet another round of Trump criticizing the Federal Reserve.
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average , the S&P 500 and the Nasdaq traded higher for a fourth straight session. The S&P 500 set an intraday record high.
It remains to be seen if Under Armour Inc. will successfully complete a turnaround, but the brand is performing well for Kohl's Corp. Apparel and footwear drove 3.1 comparable sales growth in the second quarter for Menomonee Falls, Wisconsin-based Kohl's. CEO Michelle Gass pointed to the "continued momentum" by national brands as a driver in a call with analysts Tuesday morning. Sales among the national brands, which include Under Armour, Nike Inc. and Adidas AG, increased 4 percent, Gass said. In particular for Baltimore-based Under Armour, Gass said the sportswear maker "has delivered very strong performance in its second year and accelerated from its first quarter sales performance." Nike (NYSE: NKE), Under Armour's biggest rival and Kohl's largest national brand, outperformed the retailer's comparable sales growth at Kohl's. Shares of Under Armour (NYSE: UAA) were up more than 3 percent in mid-day trading Tuesday to $21.86.
Kohl’s Corp. expects to benefit this year from the closure of competitor chain The Bon-Ton Stores Inc. Representatives of the Menomonee Falls-based retailer discussed company developments Tuesday after Kohl’s shared its fiscal second-quarter outcomes. In the second quarter, Kohl’s Corp. reported a 40 percent increase in net income compared with the same time last year. In discussing the outlook for the remainder of 2018, chief executive officer Michelle Gass and chief financial officer Bruce Besanko said they see an opportunity as Bon-Ton properties go out of business. “Especially as we think about holiday, we’re going to be a great destination for those customers to shop,” Gass said. Besanko said Kohl’s got its “fair share” from the closure of competing chains last year but that this year is different.
Kohl's beat estimates for second quarter earnings ($1.76 vs. an estimated $1.64), revenue ($4.57 billion vs. an estimated $4.27 billion), and same store sales, which increased by 3.1% vs. estimates of 2.6%. Kohl's has other positives that we'll examine. The stock has already had a tremendous run in anticipation of this report.
Kohl’s sales excluding newly opened or closed locations rose 3.1% in the three months to Aug. 4. Sales grew across all categories, including a 7% increase in its division that includes the T.J. Maxx and Marshalls chains. Kohl’s results weren’t good enough to please investors, who had already pushed the stock up 45% this year.
Equity markets have been trading more so on fads, memes and headlines then on company fundamentals lately. Management must deliver amazing forward guidance, or else the short-term reaction to the company’s stock is harsh. Case in point was the reaction to a recent Macy’s (NYSE:M) earnings report where the stock fell 15% without any major piece of bad news.
is living by, choosing to cooperate and coexist with Amazon rather than fight an uphill battle against it. The partnership in the pilot program for Amazon Returns and Smart Home in Kohl's stores, which was announced in September 2017, allows for the return of certain items purchased on Amazon at Kohl's stores, in a play to increase store traffic. "When I think of the physical footprint for Amazon and I think about Kohl's footprint, I see Kohl's as a compliment to Whole Foods," Forte told Real Money.
This is an increase over the company’s earnings per share of $1.24 from the same period of the year prior. It also beat out Wall Street’s earnings per share estimate of $1.64 for the quarter. Net income reported by Kohl’s for the second quarter of the year came in at $292 million.
A Little Bit Closer. A weaker dollar was helping to boost stocks Tuesday morning, pushing the S&P 500 ever closer to its all-time high. Earnings season is coming to an end, but it’s certainly not over. ...