Kohl's: Upgrading To Hold Because Of Less Potential Downside [Seeking Alpha]
Kohl's Corporation (KSS)
Last kohl's corporation earnings: 3/3 07:00 am
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US:NYSE Investor Relations:
corporate.kohls.com/investors
Company Research
Source: Seeking Alpha
Follow Summary I am upgrading Kohl's Corp. from sell to hold due to reduced downside risk. 2Q24 results showed an EPS beat driven by cost control, but SSS growth decelerated to -5.1%, indicating pressured consumer spending and weak core category performance. Sephora's strong SSS growth is unlikely to be sustained, making it difficult for KSS to meet FY24 SSS growth guidance amid a challenging macro environment. Lokibaho Investment Summary My previous investment thought on Kohl's Corporation ( NYSE: KSS ) (published on 3rd June 2024) was a sell rating because of the poor sales trend and the uncertain macro environment. Since my coverage, the stock has gone down by ~17%, pretty much in line with my expectation for a 20% decline. I still think the business fundamentals are being challenged in the near term, with little chance that KSS can meet its FY24 SSS growth guidance. However, because the valuation has already been revised downwards, and the downside appears to be les
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KSS
News
- Kohl's Gears Up for Q3 Earnings: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Gear Up for Kohl's (KSS) Q3 Earnings: Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Kohl's reveals Black Friday week plans. Holiday season crucial for company amid slumping sales [Yahoo! Finance]Yahoo! Finance
- Kohl's Co. (NYSE: KSS) had its price target lowered by analysts at Citigroup Inc. from $19.00 to $18.00. They now have a "neutral" rating on the stock.MarketBeat
- Kohl’s Gifts More Than $500,000 to Local Nonprofits Through Hometown Giving Program This Holiday SeasonBusiness Wire
KSS
Earnings
- 8/28/24 - Beat
KSS
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form 8-K
- 10/23/24 - Form SC
- KSS's page on the SEC website