Long Position on KSS @ $61.00 on 2/10/2022 (Momentum)

Kohl's Corporation (KSS) operates as a retail company in the United States.

Bullish Flag on $ KSSIt offers branded apparel, footwear, accessories, beauty, and home products through its stores and website.

The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, and Simply Vera Vera Wang.

As of January 30, 2021, it operated 1,162 Kohl's stores; a website www.Kohls.com; and 12 FILA outlets. Kohl's Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.

Kohl's reported 3rd Quarter October 2021 earnings of $1.65 per share on revenue of $4.6 billion. The consensus earnings estimate was $0.69 per share on revenue of $4.3 billion. Revenue grew 15.6% on a year-over-year basis.

The company said it expects fiscal 2022 earnings of $7.10 to $7.30 per share on revenue of approximately $19.94 billion. The company's previous guidance was earnings of $5.80 to $6.10 per share on revenue of approximately $19.5 billion and the current consensus earnings estimate is $6.09 per share on revenue of $18.56 billion for the year ending January 31, 2022.

Kohl's has rejected it's recent take over offer. The rejection validates the idea that a majority of the Board is entrenched and lacks objectivity when it comes to evaluating value-maximizing sale opportunities relative to management’s historically ineffective standalone plans. 

Entry Point: $61.00

Stop Loss: $58.00

Trading Range: $43.67 - $64.80

Target Price: $67.00

 

Updates

5/24/2022 2:22:06 PM

KSS closed

Position closed on 5/24/2022 at price of $66.00 with a 8.20% gain in 103 days.

Back to Portfolio