|Bid||2.340 x 29200|
|Ask||2.350 x 29200|
|Day's range||2.290 - 2.350|
|52-week range||2.250 - 5.630|
|PE ratio (TTM)||N/A|
|Earnings date||9 Aug 2018 - 13 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||3.94|
Forward PE (price-to-earnings) multiples are one of the most common metrics that inform investment decisions. Forward PE is arrived at by dividing the stock price by analysts’ earnings estimates for the next four quarters. As of May 22, Kohl’s (KSS) was trading at a 12-month forward PE ratio of 11.2x.
On May 22, Kohl’s (KSS) stock fell over 7.4% after the company posted first-quarter results. The company reported net sales of $3.95 billion, which was marginally better than the analyst estimate. The company’s adjusted EPS (earnings per share) of $0.64 came in better than the Wall Street estimate of $0.50. Also, comps rose 3.6% in the first quarter driven by strength in both store and digital comps.
Kohl’s (KSS) adjusted earnings in the first quarter were $0.64, much better than analysts’ estimate of $0.50 and Q1 2017’s adjusted earnings of $0.39. On a reported basis, earnings came in at $0.45, up 15.4% on a year-over-year basis. Higher revenue and profits offset the impact of rising expenses as well as a loss on the extinguishment of debt.
William Ackman’s Pershing Square Capital Management LP is joining another activist investor in Lowe’s Cos., hoping to profit as the retailer tries to make improvements under a new chief executive. Pershing Square has built a stake in the home-improvement chain valued at roughly $1 billion as of Tuesday’s close in what is expected to be a friendly investment, according to people familiar with the matter. Lowe’s had a market value of roughly $78.3 billion at Wednesday’s close.
Ackman disclosed the stake at a New York conference, said two attendees at the private event on condition of anonymity. The company's stock price had been moving higher most of the morning and continued to climb after Ackman's disclosure. One day earlier Lowe's announced top management changes, naming J.C. Penney (JCP.N) Chief Executive Marvin Ellison to replace CEO Robert Niblock, who will retire in July.
S&P Global Ratings late Wednesday lowered its rating on J.C. Penney Co. Inc. debt further into junk territory to B, saying that operational setbacks and the departure of Chief Executive Marvin Ellison ...
Bill Ackman, via his Pershing Square Capital Management, acquired a billion-dollar stake in home improvement retailer Lowe's, according to the Wall Street Journal.
Now that the search is on for a new chief executive at J.C. Penney Co. Inc., there’s one area that experts say the new head of the beleaguered retailer should have mastered: marketing. J.C. Penney (JCP) announced Tuesday that it is now searching for a successor to Marvin Ellison, who is leaving to become the chief executive of Lowe’s Cos. Inc. (LOW) , sending shares down roughly 7%. “Marketing will be paramount in this circumstance,” said Larry Perkins, founding partner at SierraConstellation Partners, a financial advisory and turnaround firm.
The Dow Jones Industrial Average is heading higher this morning as the U.S. and China continue to make progress on avoiding a trade war. Nasdaq Composite futures have gained 0.3%. From the looks of it, progress us being made on to avoid a full-blow trade war.
A surprise exit by its CEO may seem like a problem for J.C. Penney, but it offers a chance for the company to finally hire the right person for the job.
J.C. Penney Co., struggling to reverse its decline, is losing its chief executive to Lowe’s Co., another retailer trying to fix itself. Marvin Ellison, who joined Penney in 2014 and became CEO the following year, shifted the department-store chain away from apparel toward appliances. Lowe’s, meanwhile, has been searching for a new CEO to boost results at the home-improvement chain, which faces pressure from an activist investor as it labors to keep pace with the rapid revenue gains at Home Depot Inc.
Big Texas-based department-store chain seeks new leader: must be willing to tackle sluggish sales, failed fashion and $4 billion in long-term debt. J.C. Penney Co., once again, is searching for a new chief executive after Marvin Ellison was poached by home-improvement retailer Lowe’s Cos. on Tuesday, a surprise exit that sent J.C. Penney’s stock down to historic lows. Whoever takes the job will need to do more than fix J.C. Penney’s clothing offerings.
Rising oil prices are starting to become a drag on global growth, say economists at UBS, who take a look at what would happen if crude topped $100 a barrel.
Photographer: Victor J. Blue/Bloomberg TJ Maxx is beating J.C. Penney. On Wall Street that is. TJX Maxx’s stock has soared 69% over the last five years, while J.C. Penney’s has declined 85%. J.C. Penney and TJ Maxx are in similar businesses.
Investor skepticism that J.C. Penney could orchestrate a turnaround has been building for years. Now the company must find a new boss—its fourth in seven years—following the departure of CEO Marvin Ellison, who plans to quit on June 1 and will take over as chief executive of Lowe’s. Ellison’s turnaround plan involved closing more than 140 stores, cutting jobs, streamlining operations, and improving the merchandise mix. The plan was working, to some extent, with J.C. Penney (JCP) reporting a $1 million profit in 2016, but it had started to falter.
Kohl's on Tuesday reported much-better-than-expected first-quarter earnings. J.C. Penney CEO Marvin Ellison will become Lowe's CEO. He previously was a top Home Depot executive.
A CEO shakeup and a mixed bag of earnings reports left investors in department stores and discounters confused on Tuesday. The SPDR S&P Retail ETF (XRT) started the day in the black but was down 1.5% by midday. Some of the stocks making headlines—notably Lowe's and Kohl's—should be worth picking out of the bargain bin once investors figure out the winners and losers. The biggest news of the day came at JC Penney (JCP), where CEO Marvin Ellison announced his sudden departure to take the helm at Lowe's (LOW).
If you were looking for a clear signal about how department stores are faring in the current retail environment, you didn't get it from their latest batch of earnings results. Kohl's Corp. on Tuesday reported that comparable sales rose 3.6 percent in the first quarter compared with a year earlier, thanks to strength in categories such as activewear and home goods. Coupled with results from Macy's Inc. last week that blew the doors off analysts' expectations, you could convince yourself that this format isn't doomed after all.