Why did Kohl's stock move higher today?
Shares of Kohl's ( NYSE:KSS) were moving higher today after the department-store chain announced a new strategic partnership with Sephora, a division of Louis Vuitton Moet Hennessy and the largest specialty beauty retailer in the world. As a result, Kohl's stock was up 15.1% as of 11:17 a.m. EST.
What if Franchise Group acquires Kohl's?
All in all, if Franchise Group is successful in acquiring Kohl's, it could revitalize the company with a fresh talent and perspective coming in to turn things around.
Will Sycamore Partners takeover Kohl’s stock higher?
The takeover offers represent a sizable premium to where KSS stock has been trading and are a positive development for shareholders who have been waiting for a catalyst to move the share price higher for more than a year now. Although Sycamore Partners has not officially made an offer, Kohl’s share price is going to jump much higher today.
Will Sephora's partnership with Kohl's drive up stock?
As a result, Kohl's stock was up 15.1% as of 11:17 a.m. EST. The companies said that the new partnership, "Sephora at Kohl's," would include 2,500 square-foot Sephora shops prominently located at the front of Kohl's stores. Sephora plans to open 200 of these stores in the fall of 2021, which will expand to at least 850 locations by 2023.
Is Kohl's stock a good buy?
Kohl's has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 7 buy ratings, 6 hold ratings, and 2 sell ratings.
Who owns the most Kohls stock?
The Vanguard Group, Inc.Top 10 Owners of Kohls CorpStockholderStakeShares ownedThe Vanguard Group, Inc.10.47%13,465,287BlackRock Fund Advisors8.16%10,487,877Macellum Advisors LP4.98%6,404,732T. Rowe Price Associates, Inc. (I...4.88%6,271,3646 more rows
What's happening with Kohl's?
Kohl's is getting a makeover. The company said it's not going to be a department store anymore and instead add Sephora mini-shops to about 75% of its U.S. stores. It also said it will open 100 new locations that'll be about half the size of what they are now with more of a focus on fitness, athleisure, and jeans.
Who is buying out Kohls?
Franchise Group, a publicly traded business with a market capitalization of about $1.6 billion, has entered into exclusive sale talks with Kohl's. It proposed a bid of $60 per share to acquire the retailer at a roughly $8 billion valuation.
Who owns Kohl's?
Kohl's CorporationKohl's (stylized as KOHL'S) is an American department store retail chain, operated by Kohl's Corporation. As of December 2021 it is the largest department store chain in the United States, with 1,162 locations, operating stores in every U.S. state except Hawaii....Kohl's.TypePublicWebsitekohls.com15 more rows
How many shares does Kohl's have?
Share StatisticsAvg Vol (3 month) 34MShares Outstanding 5128.46MImplied Shares Outstanding 6N/AFloat 8126.96M% Held by Insiders 11.22%7 more rows
Is Kohl's struggling?
Kohl's is in turmoil today. The chain's sales are lower than before the pandemic, despite strong consumer spending and as its rivals enjoy big gains. Activist investors are circling Kohl's and demanding leadership changes.
Is Kohl's in financial trouble 2022?
Kohl's now expects fiscal 2022 adjusted earnings per share of $6.45 to $6.85, compared with its prior forecast of $7.00 to $7.50. Net sales are forecast to be flat to up 1% from year-ago levels, compared with prior guidance of up 2% to 3%.
Will Kohl's stock recover?
For fiscal 2022, Kohl's expects sales to rise 2% to 3% y-o-y while operating margin to normalize between 7.2% and 7.5% after hitting a multiyear high of 8.6% in 2021. The company's management also estimates that EPS will reach somewhere between $7 and $7.50, almost flat y-o-y.
How much of Kohls does Amazon own?
In February 2021, an activist group that included Macellum Advisors, Ancora Holdings, Legion Partners Asset Management, and 4010 Capital said it took a 9.5% stake in Kohl's. The group said then that the deal with Amazon was "costly" and mentioned the retailer's own "private label failure."
Is Pennys buying Kohls?
Simon Property Group and Brookfield Asset Management, owners of JCPenney, bid $8.6 billion ($68 a share) to buy Kohl's. If the offer is accepted, the brands will continue to operate as separate stores. However, the owners would combine operations to cut overall business costs.
Why is Sephora going into Kohl's?
With Sephora at Kohl's positioned prominently at the front of the store, it provided an opportunity to optimize the store space and expand categories that are most important, like active, casual and beauty. With the store transformation, Kohl's is working to create a sense of discovery every time a customer walks in.
What Happened With KSS Stock
Why It Matters
So what else do investors need to know? Right now, it seems many are weighing the details of the two offers. Acacia Research plans to sell Kohl’s real estate holdings to help raise capital. However, the retailer may not be on board with that proposition. The offer from Acacia comes out at $64 per share of KSS stock.
When will Kohl's report earnings?
Like other department store chains Macy’s (NYSE: M) and Nordstrom (NYSE: JWN ), Kohl’s has been losing market share to off-price chains and e-commerce rivals.
How many states are Kohl's reopening?
The company will report its fiscal first-quarter earnings before the market opens on Tuesday, May 19.
A new partnership with Sephora has investors looking up
Kohl's said on Thursday morning that it reopened its stores in four states -- Arkansas, Oklahoma, South Carolina, and Utah -- on Monday, and that it will reopen stores in 10 more states next week.
What happened
Fool since 2011. I write about consumer goods, the big picture, and whatever else piques my interest. Follow me on Twitter to see my latest articles, and for commentary on hot topics in retail and the broad market. Follow @tmfbowman
So what
Shares of Kohl's ( NYSE:KSS) were moving higher today after the department-store chain announced a new strategic partnership with Sephora, a division of Louis Vuitton Moet Hennessy and the largest specialty beauty retailer in the world. As a result, Kohl's stock was up 15.1% as of 11:17 a.m. EST.
Now what
The companies said that the new partnership, "Sephora at Kohl's," would include 2,500 square-foot Sephora shops prominently located at the front of Kohl's stores. Sephora plans to open 200 of these stores in the fall of 2021, which will expand to at least 850 locations by 2023. There will also be a digital component to the partnership.
How much is Kohl's operating margin?
Kohl's strategy increasingly appears to be tying itself to other brands in order to drive traffic to its stores. The company controversially partnered with Amazon, and all of its stores now accept Amazon returns. It also teamed up with discount supermarket operator Aldi to sublease excess space in a pilot program at a handful of Kohl's stores.
Is Kohl's a bad company?
For guidance, Kohl's management focused on getting its operating margin back up to 7% to 8%, up from 6.1% in 2019. That certainly seems attainable. And assuming sales stabilize, management would then like to return to buying back shares and issuing a dividend.
What happened
Everyone's aware that 2020 has been a bad year for non-essential retail chains like Kohl's. But remember, Kohl's was struggling pre-COVID-19, with net sales falling 1.5% in 2019. The company needs something to drive revenue growth, and management believes it's found the answer. It will pursue active and athleisure apparel products and grow its beauty business.
So what
Shares of Kohl's ( KSS -5.87% ) were taking a dive after the department-store chain reported first-quarter earnings last night. While the results topped analyst estimates, high expectations were already priced into the stock after it had doubled over the last six months coming into the report.
NYSE: KSS
Kohl's revenue came in at $3.89 billion, up 60% from the lockdown-era quarter a year ago, but down 5% from 2019 levels. The result still easily beat estimates at $3.48 billion.
Now what
Gross margin in the period was 39%, up from 36.8% in Q1 2019, and selling, general, and administrative expenses were down by nearly 10% from 2019, helping the company gain leverage.
Premium Investing Services
Kohl's also raised its guidance for the full year, calling for net sales growth in the mid-to-high teens compared to earlier expectations of mid-teens growth, and it sees adjusted earnings per share of $3.80 to $4.20, up from a previous range of $2.45 to $2.95.
