Tue, Oct. 18, 10:22 AM
- Cowen lowers its estimates on Kohl's (KSS -0.5%) a few weeks in front of the department store chain's earnings report. A lower level of comparable sales is the main driver of the gloom.
- The investment firm now sees Q3 EPS of $0.65 vs. $0.72 prior and $0.71 consensus. The view on full-year EPS goes to $3.73 vs. $3.82 prior and $3.88 consensus.
- Kohl's is now down 6% over the last five trading sessions.
Mon, Oct. 17, 1:02 PM
- Investors appear to be a little edgy about the chain store sector with the earnings season just starting to ramp up.
- Dillard's (DDS -4.3%) and Bon-Ton Stores (BONT -5%) are down significantly, while Kohl's (KSS -1.3%), Big Lots (BIG -0.7%), Fred's (FRED -1.6%), Target (TGT -1.2%), Five Below (FIVE -2.6%), Pier 1 Imports (PIR -5.3%), and Barnes & Noble Education (BNED -2.4%) are all tracking below broad market averages.
- There isn't a lot of consensus about what's been holding back U.S. consumers. Today, higher gas prices is being floated around as a factor, while last week it was election anxiety.
- 12-month chart of gas prices in the U.S. via GasBuddy.
- Previously: Retail sales track higher as expected (Oct. 14)
- Previously: Winners and losers from the retail sales report (Oct. 14)
- ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, CNDF, FTXD, JHMC.
Mon, Sep. 19, 8:59 AM| Mon, Sep. 19, 8:59 AM
Sat, Aug. 27, 11:34 AM
- Many retailers are tightening up this year by reducing their store count or converting more locations to e-commerce fulfillment centers. Analysts note that although the strategy will lower revenue, over time the group should see improved bottom lines as underperforming stores are cut back and online efficiency improves. Amid the skittish trading with chain store stocks there could be some value deals.
- Store chains that currently trade with a PE ratio below 15 and offer a dividend yield of at least 2% include: TLRD, BKE, SMRT, GPS, AEO, CHS, CATO, TGT, KSS, M, HVT, WSM, PIR, BKS, OUTR, ODP, SPLS.
- ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, JHMC, CNDF.
Wed, Aug. 17, 11:16 AM
- Soft earnings reports from Target, Lowe's, and Staples are tainting the retail sector today.
- A loose theme among the trio is that they are feeling the impact of general store traffic pressure on one front and under-performing Amazon on the e-commerce side (or Home Depot in the case of Lowe's).
- Notable movers include Office Depot (ODP -7%), Pier 1 Imports (PIR -2.7%), Haverty Furniture (HVT -1.1%), Sears Holdings (SHLD -6.5%), Stage Stores (SSI -3%), Nordstrom (JWN -2.4%), Tilly's (TLYS -0.8%), Zagg (ZAGG -2.7%), Party City (PRTY -1.3%), J.C. Penney (JCP -4.4%), Restoration Hardware (RH -4.1%) Bed Bath & Beyond (BBBY -1.9%), Williams-Sonoma (WSM -2.8%), and Kohl's (KSS -2.3%),
- Looking ahead, Wal-Mart (WMT -0.3%) reports earnings tomorrow before the bell. The same-store sales bar is relatively low after the company guided for a 1% gain for U.S. SSS and with the consensus estimate of analysts even lower at +0.9%. Perhaps more important than Q2 numbers will be the comments from Wal-Mart management on the Jet.com integration and the impact of higher base wages.
Thu, Aug. 11, 9:15 AM
Thu, Aug. 11, 7:26 AM
Thu, Aug. 11, 7:20 AM
- Kohl's (NYSE:KSS) outperformed the expectation of analysts in Q2 after margin rates held up amid inventory management initiatives.
- The company's gross margin rate improved 60 bps Y/Y to 39.5% during the quarter.
- Comparable store sales were down 1.8% in Q2.
- Looking ahead, Kohl's expects FY16 EPS of $3.80-$4.00 vs. $4.05-$4.25 prior and $3.83 consensus.
- Previously: Kohl's beats by $0.19, beats on revenue (Aug. 11)
- Shares of Kohl's are up 7.12% premarket to $40.75.
Thu, Aug. 11, 7:07 AM
Wed, Aug. 10, 5:30 PM
Wed, Aug. 10, 9:58 AM
- Results from Fossil (FOSL +5.3%) and Ralph Lauren (RL +8.2%) that came in ahead of some beat-down expectations are helping to provide a lift to other names in the apparel sector. The rally is focused primarily on higher-end sellers.
- Cost streamlining helped to cut into weak tourism and F/X trends.
- Notable gainers include Hanesbrands (HBI +3.6%), PVH Corp (PVH +1%), Luxottica (LUX +1.9%), Kohl's (KSS +2.3%), VF Corp (VFC +1.2%), Guess (GES +1.2%), G-III Apparel (GIII +1.7%), Gildan Activewear (GIL +0.8%), and Vera Bradley (VRA +1.5%).
Tue, Aug. 9, 1:36 PM
- There's a dark mood in the apparel store sector after Gap (GPS -6.4%) spilled its July sales numbers.
- The retailer's 4% drop in comparable store sales for the month missed the -1% mark expected by analysts by a wide margin. Gap had raised hopes for a retail sector comeback with a return to a positive comp in June before the July disappointment.
- On a prerecorded sales call (855-500-0477 participant code 7405599), Gap management dropped a discouraging nugget: "We’re maintaining a cautious view of the retail environment in the second half."
- As a bit of a bellwether, the outlook from Gap is resonating across the retail sector. There's also a cut on same-store estimates for Target from Cleveland Research which could be drawing some attention.
- Retail decliners: Tailored Brands (TLRD -5.5%), Ascena Retail Group (ASNA -4.7%), Express (EXPR -4.4%), Citi Trends (CTRN -3.3%), Buckle (BKE -3.4%), Cato (CATO -3.3%), American Eagles Outfitters AEO, Abercrombie & Fitch ANF, Chico's FAS (CHS -2.6%), Kohl's (KSS -3.7%), Dillard's (DDS -2.9%), Macy's (M -2.4%), Fred's (FRED -3.3%), Target (TGT -3.1%), Tuesday Morning (TUES -1.5%), L Brands (LB -1.9%), Christopher & Banks (CBK -2.6%).
Wed, Jul. 27, 8:27 AM
- Kohl's (NYSE:KSS) formally announces a new partnership with Under Armour (NYSE:UA). The new initiative was tipped off yesterday during Under Armour's earnings call.
- Under Armour products will be available in early 2017 at Kohl’s stores nationwide and on the Kohl's website. The assortment will cover the women’s, men’s, kids, accessories, footwear, and home categories.
- Source: Press Release
Mon, Jul. 25, 11:09 AM
- Apparel store stocks are off and running today on some broad strength.
- The sector has seen more buying action of late after hitting a prolonged rough patch. A couple of solid reports on June sales from key retailers and some calming down of the recent civil unrest has contributed to improved outlook.
- Notable gainers include Gap (GPS +3.5%), Nordstrom (JWN +3.3%), L Brands (LB +2.9%), Urban Outfitters (URBN +2.8%), Macy's (M +2.3%), Kohl's(KSS +1.7%), Francesca's Holdings (FRAN +1.5%), Chico's FAS (CHS +2.1%), Tailored Brands (TLRD +1.5%), and DSW (DSW +1.8%).
Wed, Jul. 6, 11:22 AM
- Shares of Kohl's (KSS +0.5%) have moved higher on a volume spike off some chatter on the company considering a go-private deal.
- Kohl's is up 2% from its low earlier in the day.
- Earlier this year, Fortune's Gene Marcial detailed why a leveraged buyout could make sense for Kohl's. His observations came with the stock 20% higher than where it stands today.
Wed, Jun. 15, 10:24 AM
- Department store stocks are off and running in a surprising move higher. There wasn't an encouraging read on the category in yesterday's retail sales report or anything particularly bullish out from Wall Street today on the sector.
- Some traders think that names in the sector could see some upside with more "strategic" announcements expected during the slate of investor conference scheduled for this month.
- Gainers include Sears Holdings (SHLD +9.7%), J.C. Penney (JCP +5%), Kohl's (KSS +3.4%), Macy's (M +3.8%), Nordstrom (JWN +3.8%), Dillard's (DDS +3%), and Stage Stores (SSI +3.2%).
- Previously: Healthy spending in pockets of retail (June 14)