Most Analysts Rate Kohl’s Stock a ‘Hold’
In 2017, Kohl’s increased its quarterly dividend 10% to $0.55 per share. As of June 22, Kohl’s current dividend yield was 6.2%.
As of June 22, Kohl’s was trading at 12-month forward PE ratio of 9.9x. Its PE multiple has fallen 2.4% since the announcement of its fiscal 1Q17 results.
Kohl’s (KSS) is trying to improve its margins through strong expense management. In fiscal 1Q17, Kohl’s gross margin grew by 83 basis points to 36.4%.
Kohl’s (KSS) has been implementing several initiatives under its Greatness Agenda strategy to improve its performance.
In fiscal 1Q17, which ended on April 29, 2017, Kohl’s sales fell for the fifth consecutive quarter. In fiscal 1Q17, Kohl’s sales fell 3.2% to $3.8 billion.
On a YTD (year-to-date) basis, Kohl’s (KSS) stock has fallen 26.5% to $36.30 as of June 22. Kohl’s delivered mixed results for fiscal 1Q17.
Retail stocks fell on June 20, 2017, in reaction to Amazon’s (AMZN) new service—Prime Wardrobe. The service will allow Amazon Prime members to “try before you buy.”
Of the 30 analysts covering Nordstrom stock, 17 analysts have a “hold” rating, eight analysts have a “buy” rating, and five analysts have a “sell” rating.
Nordstrom’s (JWN) stock price rose 10.3% on June 8. There was news that the Nordstrom family might make the company private.
At Macy’s (M) Investor Meeting held on June 6, 2017, Macy’s chief financial officer, Karen M. Hoguet, indicated a lower-than-expected gross margin for the company.
On June 7, 2017, 20 out of 25 analysts had “hold” recommendations on Macy’s (M) stock, and five analysts had “buy” recommendations.
Macy’s (M) stock fell 8.2% on June 6, 2017, in reaction to the cautious statements made by Macy’s chief financial officer, Karen M. Hoguet, about its contracting gross margin.
As of May 15, JCPenney was trading at a 12-month forward PE multiple of 9.3x. The multiple fell 13.4% on May 12, the day JCP announced its fiscal 1Q17 results.
In fiscal 1Q17 (ended April 29), JCPenney (JCP) was able to deliver an improved gross margin despite the 3.7% decline in its sales.
JCPenney (JCP) disappointed investors yet again in 1Q17 by delivering lower-than-expected sales of $2.71 billion, missing the analysts’ estimates.
As of May 15, JCPenney’s (JCP) stock has received a “hold” recommendation from 15 (60%) of the 25 analysts covering the stock.
In reaction to its fiscal 1Q17 results, JCPenney (JCP) fell 14% on May 12—despite the company’s recent turnaround efforts.
Nordstrom’s (JWN) 12-month forward PE (price-to-earnings) fell 11% to 13.7x on May 12 in reaction to the company’s fiscal 1Q17 results.
Nordstrom (JWN) generated revenue (including credit card revenue) of $3.35 billion in fiscal 1Q17, which ended on April 29, 2017.
Nordstrom’s (JWN) gross margin (based on retail business excluding credit revenue) increased 7 basis points on a year-over-year basis to 34.3% in fiscal 1Q17.