Tag: kss

Market Wrap-Up for Aug.12 (EL, KSS, MA, GS, SPG, NEM, more)

Market Wrap-Up for Aug.12 (EL, KSS, MA, GS, SPG, NEM, more)

I have been following some interesting tidbits about a plan (Automatic IRA) that a New Mexico senator has sponsored that would require all firms with 10 or more employees that don’t already offer a retirement plan to automatically enroll workers in an IRA. Workers who don’t wish to participate would need to take action to opt out or change the default contribution amount and investments. This is a great idea, but one that needs to have numerous choices for workers to consider investing in. If the deal options are limited, then the plan could end up being a total disaster. I am sure Wall Street will be in the middle of the action to make sure the bill is a win-win. That’s fine, let’s just not make it a resolution to appease the firms with the biggest lobbyists! As for today’s action, we saw the markets bounce off this morning’s early weakness, but we couldn’t turn the corner all the way, closing down for the third day in a row. The market couldn’t shake loose from the earnings disappointments out of Estee Lauder ( EL ) , Kohl’s ( KSS ) and tech heavyweight Cisco Systems ( CSCO ). Several names bucked the selling, including Potash Corp ( POT ) , MasterCard ( MA ) , and gold-mining plays like Newmont Mining ( NEM ) , Buenaventura ( BVN ) , and Agnico-Eagle Mines ( AEM ) . There was an upgrade out this morning that seemed a bit strange as Goldman Sachs ( GS ) decided to move Simon Property Group ( SPG ) on its “conviction buy” list. Not sure what the catalyst could be there, since the stock has had a big run and sports a rather small (for a REIT) 2.65% dividend yield. We have also been concerned about the aggressive “momentum-style” trading that we have witnessed in that sector. We are currently underweight in the REIT space, hoping to see historically higher dividend yields, or significant boosts in payouts. Be sure to check out our Best Dividend Stocks List for the dividend-payers we currently recommended putting new money into. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for May 26 (AEO, MAN, JCP, GS, JPM, UNP, more)

Filed in dividend, Gold, Gold Investment, goldman sachs, shares, upgrade by on May 26, 2010 0 Comments
Market Wrap-Up for May 26 (AEO, MAN, JCP, GS, JPM, UNP, more)

We saw some heavy buy action out of the gate as investors were hoping the selling was over in the near-term, but we saw the buying fade toward the close as we finished lower and below the Dow 10K level. The market could use a bit of sideways action here to help stabilize investor sentiment. We have continued to be cautious and continue to look to best position our recommended list the best way possible throug the market turbulence. The markets are still up nearly 55% from the March 2009 sell-off lows. Looking at today’s action, we saw a ton of Wall Street upgrades out this morning, helping give shares like Fortune Brands ( FO ) and Manpower ( MAN ) a boost. American Eagle Outfitters ( AEO ) came out with results that Wall Street didn’t care for much. That put a damper on retail plays like J.C. Penney ( JCP ) and Kohl’s ( KSS ). Financials also saw the bulk of early gains slip late, with Goldman Sachs ( GS ) and J.P. Morgan ( JPM ) finishing down. Elsewhere, we did see strength in names like Union Pacific ( UNP ) , Time Warner Cable ( TWC ) hold up through the close. We’ll continue to monitor the action, but cautiousness is still the name of the game as far as we can

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Kohl’s Q1 Earnings Beat View, but Q2/2010 Forecasts Fall Short (KSS)

Filed in dividend, Gold Bullion prices, shares by on May 13, 2010 0 Comments

Department store operator Kohl’s Corporation ( KSS ) said Thursday that its first quarter profit jumped 45% from last year on higher sales, but its second quarter and full-year forecasts fell short of expectations. The Menomonee Falls, WI-based company reported first quarter net income of $199 million, or 64 cents per share, compared with $137 million, or 45 cents per share, in the year-ago period. On average, Wall Street analysts expected a smaller profit of 62 cents per share. Total net sales rose 11% from last year, to $4.04 billion, while same-store sales gained 7.4%. Looking ahead, the company forecast a second quarter profit of 70 to 75 cents per share, which would fall well short of analyst expectations for 88 cents. As for the full year, Kohl’s raised its 2010 outlook to a range of $3.57 to $3.75 per share, up from a prior forecast of $3.40 to $3.63. That would also miss analysts’ current $3.77 per-share estimate, however. Kohl’s shares fell 85 cents, or -1.5%, in premarket trading Thursday. The Bottom Line Shares of KSS are off the 52-week highs of $61 a share. The stock has technical support in the $50-$52 price area. If the shares can firm up, we see overhead resistance around the $61-$63 price levels. We do not currently rate this non-dividend paying stock, but we do follow the company closely. Kohl’s Corporation ( KSS ) does not currently pay a dividend. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Kohl’s Q4 Profit Beats View, but Guidance Falls Short (KSS)

Filed in Gold Investment by on February 25, 2010 0 Comments

Department store operator Kohl’s Corporation ( KSS ) said Thursday that its fourth quarter profit surged 28% from last year, beating analyst estimates. The Menomonee Falls, WI-based company reported fourth quarter net income of $431 million, or $1.40 per share, compared with $336 million, or $1.10 per share, in the year-ago period. Sales rose 9% from last year, to $5.68 billion. On average, Wall Street analysts expected a smaller profit of $1.37 per share, on slightly lower revenue of $5.67 billion. As for the full year 2009, profit rose to $991 million, or $3.23 per share, from $885 million, or $2.89 per share, in 2008. Looking ahead, Kohl’s predicted 2010 full-year earnings to range from $3.40 to $3.63 per share, which would fall short of or match analysts’ expectations for $3.63 per share. For the first quarter, the company said it expects a profit of 48 cents to 52 cents per share, while analysts expect a higher 54 cents per share. Kohl’s shares were mostly flat in premarket trading Thursday. The Bottom Line Shares of KSS are off the 52-week high levels of $61 a share. The stock has technical support in the $45-$47 price area. If the shares can firm up, we see overhead resistance around the $55 price level. We do not currently rate this non-dividend paying stock at this time, but we do follow the company closely. Kohl’s Corporation ( KSS ) doesn’t currently pay a dividend. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Kohl’s Q3 Earnings Rise, Beating View (KSS)

Filed in Gold by on November 12, 2009 0 Comments

Department store operator Kohl’s Corporation ( KSS ) said Thursday that its third quarter profit rose 21% from last year, helped by higher sales and better inventory controls. The Menomonee Falls, Wisconsin-based company reported third quarter net income of $193 million, or 63 cents per share, compared with $160 million, or 52 cents per share, in the year-ago period. Sales rose 6.5% from last year, to $4.1 billion. On average, Wall Street analysts expected a lower profit of 61 cents per share, on smaller sales of $4 billion. Kohl’s also said that same-store sales, or sales at stores open at least one year, rose 2.4% in the quarter. Looking ahead, the company predicted fourth quarter sales to rise 3% to 6%, with same-store sales falling 1% to rising 2%. It also forecast fourth quarter earnings of $1.14 to $1.24 per share, which would fall short of analyst estimates for $1.25 per share. Kohl’s shares were mostly flat in premarket trading Thursday. The Bottom Line Shares of KSS are off 52-week highs of $60 a share. The stock has technical support in the $50 price area. If the shares can firm up, we see overhead resistance around the $57-$60 price levels. We do not currently rate this non-dividend paying stock, but we do follow the company closely. Kohl’s Corporation ( KSS ) does not currently pay a dividend. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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