Jefferies Reiterates Buy on Kohl's Corp. (KSS) Following 2Q and Macy's Announced Closures
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UBS Raises Price Target on Kohl's Corp. (KSS) to $44 Following 2Q EPS Beat
August 12, 2016 9:03 AM EDTUBS reiterated a Neutral rating on Kohl's Corp. (NYSE: KSS), and raised the price target to $44.00 (from $37.00), following the company's 2Q earnings report. KSS reported EPS of $1.22, ahead of the Street's $1.03 estimate.
Analyst Michael Binetti commented, "KSS reported 2Q EPS of $1.22 (UBSe:... More
Stifel Lifts PT on Kohl's (KSS) to $50 Following Strong Q2 Performance
August 11, 2016 3:51 PM EDTStifel boosts its price target on Buy-rated Kohl's (NYSE: KSS) from $45 to $50 following Q2 results.
Analyst Richard Jaffe commented, Given the better than anticipated quarter and apparent strength heading into 3Q, we are buyers of KSS. Kohls is a provider of high quality and... More
Pre-Open Stock Movers 08/11: (KURA) (M) (KSS) Higher; (AVGR) (AMRN) (SHAK) Lower (more...)
August 11, 2016 9:31 AM EDTToday's Pre-Open Stock Movers
Kura Oncology (NASDAQ: KURA) 47.9% HIGHER; In the companys Phase 2 trial of tipifarnib in HRAS mutant solid tumors, positive clinical activity, including objective responses, has been observed in patients with head and neck squamous cell carcinomas and patients with salivary gland cancer. Based on these responses, enrollment will be expanded to an additional seven patients.
U.S. labor market firming; inflation remains benign
August 11, 2016 8:33 AM EDTBy Lucia Mutikani
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell last week, pointing to sustained labor market strength in early August that could help spur faster economic growth.
Other data on Thursday showed an unexpected rise in import prices in July as a drop in petroleum prices was offset by gains in the cost of other goods. However, renewed dollar strength is expected to curb underlying inflation in the coming months.
"The data remain consistent with a still-strong trend in employment growth, which means the backdrop for consumer spending remains favorable,"... More
Three major indexes end at records for first time since 1999
August 11, 2016 7:32 AM EDTBy Noel Randewich
(Reuters) - All three major U.S. stock indexes closed at record highs on Thursday for the first time since 1999 as surging oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment.
It was the first time since Dec. 31, 1999 that the S&P 500, Dow Jones industrial average and Nasdaq had closed at record highs on the same day, according to Bespoke Investment Group.
Crude oil jumped as much as 5 percent on comments from the Saudi oil minister about potential action to stabilize prices and an International Energy Agency... More
Kohl's quarterly profit beats estimates; shares rise
August 11, 2016 7:31 AM EDT(Reuters) - Kohl's Corp (NYSE: KSS) reported a higher-than-expected quarterly profit, helped by better inventory management and warm weather that boosted sales of summer clothes and accessories.
The department store chain's shares rose 9 percent to $41.50 in premarket trading on Thursday. Shares of rival Macy's Inc (NYSE: M), which also reports quarterly results on Thursday, were up 4.4 percent.
Shares of department store operators, which are struggling with... More
Kohl's Corp. (KSS) Declares $0.50 Quarterly Dividend; 5.3% Yield
August 11, 2016 7:05 AM EDTKohl's Corp. (NYSE: KSS) declared a quarterly dividend of $0.50 per share, or $2 annualized.
The dividend will be payable on September 21, 2016, to stockholders of record on September 7, 2016, with an ex-dividend date of September 2, 2016.
The annual yield on the dividend is 5.3 percent.
For... More
Kohl's Corp. (KSS) Tops Q2 EPS by 19c; Lowers Outlook
August 11, 2016 7:02 AM EDTKohl's Corp. (NYSE: KSS) reported Q2 EPS of $1.22, $0.19 better than the analyst estimate of $1.03. Revenue for the quarter came in at $4.18 billion versus the consensus estimate of $4.16 billion. Comps fell 1.8%.
GUIDANCE:
Kohl's Corp. sees FY2016 EPS of $3.80-$4.00, versus prior... More
Oil surges 4 percent, helping Wall St. hit record peaks
August 10, 2016 8:43 PM EDTBy Lewis Krauskopf
NEW YORK (Reuters) - Stocks in the United States and Europe raced higher on Thursday helped by encouraging corporate reports and a 4 percent surge in oil prices on comments from the Saudi oil minister and a forecast for a tighter crude market.
Major U.S. stock indexes closed at record highs. U.S. labor data showed a drop in jobless claims, and shares of department store operators Macy's (NYSE: M) and Kohls (NYSE: KSS) soared after their quarterly reports.
The... More
Kohl's Corp. (KSS) Announces Director Appointment, Resignation
August 10, 2016 4:18 PM EDTKohl's Corporation (NYSE: KSS) announced that its Board of Directors elected Adrianne Shapira as a new board member, effective immediately. She has been elected to a term expiring at Kohls 2017 annual shareholders meeting and will be eligible for re-election by Kohls shareholders at that time. She will initially serve on the Board of Directors Governance and Nominating Committee.
Adrianne is a... More
Trading Radar for 8/11: NVIDIA (NVDA), Macy's (M), Himax (HIMX), Nordstrom (JWN), voxeljet (VJET) Report
August 10, 2016 3:09 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT
Earnings:
AIXTRON SE (Nasdaq: AIXG) - consensus loss $0.11
Akers Biosciences (Nasdaq: AKER) - no Street consensus
Alibaba (Nasdaq: BABA) - consensus EPS $0.63
American DG Energy (Nasdaq:... More
Kohl’s (KSS) in the money August 37.5 calls active into Q3 and outlook
August 10, 2016 12:58 PM EDTKohl's Corp. (NYSE: KSS) August call option implied volatility is at 56, September is at 38; compared to its 52-week range of 24 to 57 into the expected release of Q3 results on August 11.
... More