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Kohl's Corporation (KSS)

  • Nov. 8, 2014, 9:25 AM
    • Energy companies finally are starting to halt a few new U.S. drilling projects as oil prices fall, which Barclays believes may put the U.S. oil boom at risk but "on balance, we believe lower oil prices are good.”
    • If strong U.S. energy growth is interrupted, spending in the sector could be cut by $40B, but consumers could save $70B next year as the price at the pump falls for gasoline and diesel, according to Barclays head of U.S. equity strategy Jonathan Glionna.
    • The most likely beneficiaries would be discretionary areas such as restaurants, entertainment, apparel, electronics and furniture, he says.
    • Glionna lists 27 stocks that could benefit from lower oil prices: AAL, AGCO, AXL, BERY, BLMN, BWLD, CHH, CLX, DE, DPZ, FDX, GM, HD, KMB, KR, KSS, MHK, MMM, PENN, PPG, SAVE, SHW, TGT, UPS, VALWMS, WMT.
  • Nov. 6, 2014, 1:27 PM
    • Apparel seller Ann issued a warning today on the impact of labor uncertainty at West Coast ports as part of its Q4 guidance.
    • The retailer expects $8M in extra air freight costs due to product shipment delays.
    • There's also been some reports of delays at ports in the Seattle and Tacoma area which account for 16% of container cargo traffic on the West Coast.
    • Analysts fret that more companies will resort to air freight to ensure stores are stocked in front of the Black Friday rush.
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  • Oct. 31, 2014, 1:21 PM
    • The odds aren't good for a national roll-out of smartphone payments solution CurrentC, according to USA Today's Jeff Graham.
    • The retail consortium admitted to a hacking incident earlier this week and has lost momentum with Apple Pay dominating headlines.
    • Inside the network, Meijer broke ranks with fellow MCX members by moving to accept Apple Pay with its hardware.
    • CurrentC was created to help the retail industry bypass credit card fees.
    • Partial list of MCX members: LUV, GPS, DNKN, KR, TGT, WMT, BBBY, KSS, SHLD, WEN, BBY.
  • Oct. 31, 2014, 11:34 AM
    • Kohl's (KSS) says it will match the policy of several of its department store peers by opening store doors at 6:00 p.m. on Thanksgiving.
    • The company also plans to test the use of Google Express in several regions during the Thanksgiving to Black Monday period.
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  • Oct. 28, 2014, 9:13 AM
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  • Oct. 27, 2014, 5:57 PM
    • With October sales having been "softer than the balance of the quarter," Kohl's (NYSE:KSS) expects to report a 1.4% Y/Y drop in FQ3 comparable sales. FY14 (ends Jan. '15) sales are now expected to be at the low end of a $4.05-$4.45 guidance range; consensus is at $4.30.
    • FQ3 children's comparable sales are expected to be up Y/Y, but other segments are expected to be down. Kohl's forecasts a 30%+ increase in e-commerce sales.
    • The guidance cut comes ahead of Kohl's Wednesday investor conference.
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  • Oct. 27, 2014, 5:40 PM
    • Top gainers, as of 5:15 p.m.: TRNX +31.0%. RCPT +24.0%. MDCO +11.8%. RGC +10.9%. WMGI +5.9%.
    • Top losers, as of 5:15 p.m.: AMKR -13.2%. TWTR -9.4%. KN -8.2%. KSS -6.4%. AOL -5.6%.
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  • Oct. 25, 2014, 12:34 PM
    • Labor issues and a shortage of trucking equipment at the critical port complex in the Long Beach, California region threaten to disrupt shipments of holiday products to retailers.
    • Delays are running up to two or three weeks, according to port officials.
    • What to watch: Retailers potentially impacted by the port turmoil include Wal-Mart (NYSE:WMT), Macy's (NYSE:M), Kohl's (NYSE:KSS), J.C. Penney (NYSE:JCP), Ralph Lauren (NYSE:RL), American Eagle Outfitter (NYSE:AEO), Nordstrom (NYSE:JWN), and Carter's (NYSE:CRI).
  • Oct. 15, 2014, 10:56 AM
    • There's a promising forecast out from retail watchers Verdict on the department store sector.
    • The research firm forecasts growth of 22% to $450B as emerging markets drive gains.
    • What to watch: British and U.S. chains have an advantage over continental European operators which have been slower to invest in e-commerce.
    • Department stores: M, OTCQX:MAKSY, OTCPK:DBHSY, KSS, JWN, DDS, JCP, LB, TLYS, SHLD
  • Oct. 7, 2014, 8:05 AM
  • Sep. 24, 2014, 8:13 AM
  • Sep. 18, 2014, 7:31 AM
    • Citigroup upgrades Kohl's (NYSE:KSS) to a Buy rating from Neutral.
    • The investment firm also raised its price target on the department store chain to $70 from $63.
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  • Sep. 17, 2014, 9:36 AM
    • Kohl's (KSS -0.4%) says it will hire 67K seasonal workers for the holiday rush.
    • Last year, the department store chain added around 50K.
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  • Sep. 6, 2014, 8:43 AM
    • The "total" yield of a company combines the dividend yield and the buyback yield - that is the yield boost from reducing the total amount of shares outstanding. Together with S&P's Howard Silverblatt, Barron's puts together a list of the top 20 companies in the S&P 500 based on "total" yield.
    • While buybacks don't guarantee a strong stock - witness consistent buyback champs like IBM and Kohl's (NYSE:KSS) - Warren Buffett goes to bed at night praying for IBM's share price to go down so the company can buy back more stock for a given dollar amount (though The Oracle has said he doesn't expect this logic to win many fans).
    • The flip-side are those companies - financials and energy come to mind - who tend to buy back stock at high prices only to find themselves forced to reissue it at lower prices when times get tough. A consistent plan helps, and Travelers (NYSE:TRV), under CEO Jay Fishman, has been maybe the best example of this - halving the share count since the end of 2006.
    • ETFs? The Powershares Buyback Achievers Portfolio (NYSEARCA:PKW) gained 45.6% in 2013, 1,300 basis points better than the S&P 500. Since inception in 2006, it's up an annualized 9%, more than 200 basis points better than the S&P. A newcomer - the Cambria Shareholder Yield ETF (NYSEARCA:SYLD) - has beaten the S&P by about 250 basis points since its May 2013 inception.
    • The list (ranked in order of "total" yield): ADT, CAM, CF, MOS, MPC, VIAB, GLW, ITW, STX, IBM, NOC, CTL, TRV, VRSN, IR, CCE, KSS, NTAP, HES, DO.
  • Sep. 4, 2014, 12:03 PM
    • A solid quarterly report from PVH (PVH +10.2%) could also bode well for J.C. Penney (JCP +4.7%) and Kohl's (KSS +2.1%).
    • During an interview on CNBC this morning, PVH CEO Emanual Chirico gave some of the credit for the company's sales gains to the department store chains.
    • North American revenue for the Tommy Hilfiger business was up 8% Y/Y for PVH.
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  • Sep. 3, 2014, 7:46 AM
    • Kohl's (NYSE:KSS) is upgraded by Maxim Group to a Buy rating from Hold.
    • The boutique investment firm sees margin upside being delivered from Kohl's new ship-from-store initiative and growing e-commerce channels.
    • The price target on the department store chain is lifted up to $68 from a prior level of $48.
KSS vs. ETF Alternatives
Company Description
Kohl's Corp operates department stores that sell moderately priced exclusive and national brand apparel, footwear, accessories, beauty and home products.
Sector: Services
Country: United States