The company said it expects fiscal 2016 diluted earnings per share to be in the range of US$2.92 to $2.97, versus previous guidance of $3.12 to $3.32.
Kohl's Corp. on 11/10/2016 reported its EPS as $0.8 with the analysts projecting the EPS of the stock as $0.7.
Kohl's Corporation (NYSE:KSS) stock is presently standing at about $49.78 and lots of equity research firms seem to have a target price set on the stock. Renaissance Technologies LLC purchased a new position in shares of Kohl's Corp. during the first quarter worth about $14,897,000.
The change in the guidance numbers can be attributed to the lower than expected sales for the current quarter. The highest analyst price target is $65.00, which implies a rally of 69 percent.
After a recent check on the stock, shares have been seen trading $-1.84 away from the 50-day moving average of $53.72 and $6.76 away from the 200-day moving average of $45.12. The company now has 176.47 million outstanding shares, securing daily stock value of $50.09-51.98 and 52-week stock value of $33.87-59.67. Finally, Ropes Wealth Advisors LLC increased its position in Kohl's Corporation by 0.7% in the third quarter.
In Kohl's Corporation (NYSE:KSS)'s latest quarter, EPS moved to $0.80 from $1.22 in preceding quarter and revenues reached at $4,327.00M compared to $4,182.00M. This represents a $2.00 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Monday, December 5th. Kohl's Corporation's -20.22% drop today has a material impact on its technical outlook.
ILLEGAL ACTIVITY WARNING: This news story was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. OTR Global downgraded shares of Kohl's Corp. from a mixed rating to a sell rating in a report on Wednesday, November 2nd. Its 12-month price target stands at $50.95 with 1.79% downside potential over the last closing price.
Furthermore, out of a total of 22 Wall Street analysts covering the stock, six rated it as a Buy, one assigned an Overweight rating, one tagged it as Underweight, 11 recommended a Hold, and three advocate a Sell. If you are viewing this story on another publication, it was copied illegally and reposted in violation of United States & worldwide copyright laws. The stock was sold at an average price of $52.41, for a total transaction of $1,434,776.16. Samlyn Limited Liability Company owns 578,600 shares or 0.6% of their USA portfolio. Also, CFO Wesley S. Mcdonald sold 27,376 shares of the company's stock in a transaction on Friday, November 11th. The Company operates over 1,160 department stores in approximately 50 states. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock. Men's, home and footwear were the strongest categories, while accessories was the most challenging, Kohl's noted.