UBS Raises Price Target on Kohl's Corp. (KSS) to $50 Following 3Q EPS Beat

Jefferies Raises Price Target on Kohl's Corp. (KSS) to $57

November 11, 2016 7:50 AM EST

Jefferies reiterated a Buy rating on Kohl's Corp. (NYSE: KSS), and raised the price target to $57.00 (from $50.00), following the company's 3Q earnings report. Adjusted EPS came in at $0.80, well ahead of Street at $0.70. FY17 adjusted EPS guidance for $3.80 to $4.00 was maintained.

Analyst Daniel... More

J.C. Penney posts surprise drop in same-store sales, shares slip

November 11, 2016 7:42 AM EST

By Siddharth Cavale

(Reuters) - J.C. Penney Co Inc (NYSE: JCP) reported a surprise 0.8 percent fall in quarterly comparable-store sales on Friday, reflecting weak traffic, increasing competition from online and off-price retailers and a general shift away from spending on apparel.

The company said a warmer-than-usual September and disruptions caused by the company's rollout of appliance showrooms in 500 stores during the quarter also hurt sales.

As a result Penney, cut its full-year sales growth forecast for stores open at least a year to 1-2 percent from 3-4 percent.

Analysts on... More

Pre-Open Stock Movers 11/10: (TUBE) (MNKD) (SODA) Higher; (HLIT) (ANTH) (NVAX) Lower (more...)

November 10, 2016 9:12 AM EST

Today's Pre-Open Stock Movers

TubeMogul (Nasdaq: TUBE) 82.5% HIGHER; Adobe (Nasdaq: ADBE) announced it has entered into a definitive agreement to acquire TubeMogul (Nasdaq: TUBE) for approximately $540 million net of debt and cash. Under the terms of the agreement, Adobe will commence a cash tender offer to acquire all of the outstanding common stock of TubeMogul for $14 per share.

EnteroMedics Inc. (NASDAQ: ETRM) 55% HIGHER; reports third quarter results.

MannKind... More

Kohl's Corp. (KSS) CFO Wesley McDonald to Retire n Late Spring 2017

November 10, 2016 9:00 AM EST

Kohls Department Stores (NYSE:... More

Department store shares get a boost from upbeat Macy's and Kohl's

November 10, 2016 8:19 AM EST

By Siddharth Cavale and Gayathree Ganesan

(Reuters) - Macy's Inc (NYSE: M) and Kohl's Corp (NYSE: KSS) struck an optimistic note going into the holiday shopping season, giving a rare boost to shares of department store operators, which have struggled to grow in the face of intense competition from online retailers.

Macy's Inc (NYSE: M) shares were up 6.8 percent and Kohl's 13.4 percent after upbeat comments that accompanied their otherwise lackluster quarterly results on Thursday.

Shares of... More

Kohl's Corp. (KSS) Tops Q3 EPS by 10c, Comps Fell 1.7%

November 10, 2016 7:03 AM EST

Kohl's Corp. (NYSE: KSS) reported Q3 EPS of $0.80, $0.10 better than the analyst estimate of $0.70. Revenue for the quarter came in at $4.33 billion versus the consensus estimate of $4.33 billion.

Comparable store sales fell 1.7%,

GUIDANCE:

Kohl's Corp. sees FY2016 EPS of $3.80-$4.00,... More

Trading Radar for 11/10: Disney (DIS), Macy's (M), NVIDIA (NVDA), Michael Kors (KORS), Nordstrom (JWN) Report

November 9, 2016 3:43 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EST

Initial Claims - Street sees 262kContinuing Claims - no Street consensus

Earnings:

500.com Ltd. (NYSE: WBAI) - no Street consensus
58.com (NYSE: WUBA) - consensus loss $0.08
Alamos Gold (NYSE: AGI) - consensus EPS $0.03
American Shared Hospital (NYSE: AMS) - no Street consensus
AstraZeneca (NYSE:... More