Deutsche Bank Maintains a 'Hold' on Kohl's (KSS); Surprise! We're Raising Estimates
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Price: $52.75 +1.15%
Rating Summary:
2 Buy, 12 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
2 Buy, 12 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade KSS Now!
Deutsche Bank maintains a 'Hold' on Kohl's (NYSE: KSS) price target of $52.00 (from $51.00).
Deutsche analyst said, "Kohl’s comps fell 4.2% in June, the sixth decline in the past eight months hurt by weak traffic and UPT. Combined with expectations for a flat comp in July (takes 2Q SSS to approx. -3.0%), the company will now miss its prior guidance for “flat to +1% comps” in 2Q, but still expects EPS to be at the low-end of $0.96-$1.02 guidance range driven by strong expense control."
Based on a 3.0% decline in SG&A dollars YOY and 10 million shares repurchased in 2Q, Deutsche bank raises Q2 EPS estimate from $0.94 to $0.96, FY12 from $4.66 to $4.73 and FY13 from $5.05 to $5.16.
For an analyst ratings summary and ratings history on Kohl's click here. For more ratings news on Kohl's click here.
Shares of Kohl's closed at $44.26 yesterday, with a 52 week range of $42.14-$57.39.
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Deutsche analyst said, "Kohl’s comps fell 4.2% in June, the sixth decline in the past eight months hurt by weak traffic and UPT. Combined with expectations for a flat comp in July (takes 2Q SSS to approx. -3.0%), the company will now miss its prior guidance for “flat to +1% comps” in 2Q, but still expects EPS to be at the low-end of $0.96-$1.02 guidance range driven by strong expense control."
Based on a 3.0% decline in SG&A dollars YOY and 10 million shares repurchased in 2Q, Deutsche bank raises Q2 EPS estimate from $0.94 to $0.96, FY12 from $4.66 to $4.73 and FY13 from $5.05 to $5.16.
For an analyst ratings summary and ratings history on Kohl's click here. For more ratings news on Kohl's click here.
Shares of Kohl's closed at $44.26 yesterday, with a 52 week range of $42.14-$57.39.
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