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Increased Profits are this Season's Hottest Trend at Kohl's Stores
Excerpt from the InvestorGuide.com Stock of the Day on 10/3/2006

The outlook for September retail sales is certainly rosy today with news from the Kohl's Corporation. Though reports for September sales numbers for most American retailers are not due out until later this week, the Kohl's announcement may be a strong indicator of what is to come. Recent economic data has shown high consumer confidence, most notably reflected in last week's near record-breaking gains by the Dow equities. Will this optimism carry over for the holiday shopping season, or are Kohl's September profits just a passing fad?

So exactly what sales figures have the retail world buzzing? Kohl's not only declared better-than-anticipated same store sales, but also increased its third quarter earnings guidance to a range of 56 cents to 59 cents a share, up from a previous range of 53 cents to 56 cents per share. The profits that made this adjustment possible reflected a 26.1% increase in total sales over the five-week time period that concluded on September 30, hitting $1.25 billion. Sales in stores that have been operating for at least one year increased more than 16% as the company saw double-digit sales increases across the U.S. Leading the charge were the stores located in the Midwest, such as Menomonee Falls, Wisconsin where Kohl's is headquartered. Company execs were particularly encouraged by the news. "We are extremely pleased with our sales performance in September," Chairman and CEO Larry Montgomery declared in a statement. "We continue to see strong sales performance across all lines of business." More >


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Kohl's (KSS) Upgrades

Date
Analyst
Old Rating
New Rating
10/07/2009
Morgan Stanley
Equalweight
Overweight
06/01/2009
Thomas Weisel
Marketweight
Overweight
03/18/2009
Buckingham Research
Neutral
Accumulate
03/17/2009
Buckingham Research
Neutral
Accumulate
03/17/2009
Jefferies & Co
Hold
Buy
03/02/2009
Goldman Sachs
Sell
Neutral

Kohl's (KSS) Downgrades

Date
Analyst
Old Rating
New Rating
02/12/2009
Goldman Sachs
Neutral
Sell
01/27/2009
Stifel Nicolaus
Buy
Hold
12/18/2008
Merrill Lynch
Buy
Neutral
09/18/2008
Citi
Buy
Hold
08/20/2008
Goldman Sachs
Buy
Neutral
04/28/2008
Baird
Outperform
Neutral

Kohl's (KSS) New Coverage

Date
Analyst
Rating
No new coverage listed for KSS at this time.
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