29.30 -0.11 (-0.37%)
After hours: 6:28PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||28.77 - 29.52|
|52-week range||17.41 - 31.04|
|PE ratio (TTM)||5.84|
|Earnings date||16 May 2018|
|Forward dividend & yield||1.51 (5.22%)|
|1y target est||29.57|
In an environment where retailers ranging from Macy’s (M) to JCPenney (JCP) to Sears (SHLD) are closing stores to cut down costs, Five Below is on a store opening spree. The company has upped its store openings target to 2,500 locations by 2020 from 2,000 projected earlier. The company expects new store openings to be the biggest catalyst that will help the company to achieve sales growth of 20% by 2020.
Brick-and-mortar titans are rushing to stay ahead of Amazon on same-day delivery, which is shaping up to be the next e-commerce battleground and might actually tilt in their favor.
Burlington Stores (BURL) makes multiple changes to business model in order to adapt to the ongoing transformation in the sector and counter competition.
According to Recode, citing data from research company L2, Amazon’s (AMZN) portfolio of private-label brands has expanded rapidly in the past year, a sign that its private brand venture could be bearing fruit. Amazon launched its first private-label brands in 2009, but that was followed by a few years of break. It is estimated that Amazon launched at least 60 private-label brands between the start of 2017 and the end of March 2018.
Why Has Kohl's Stock Price Surged 23% in 2018? Most of the analysts who have provided recommendations on Kohl’s (KSS) have maintained “buy” ratings on its stock. Following Kohl’s 4Q17 results announcement on March 1, 2018, many analysts have revised their target prices for the stock.
On April 5, 2018, Kohl’s (KSS) was trading at a 12-month forward PE (price-to-earnings multiple) of 12.6x. Following its 4Q17 results, the company’s valuation multiple fell 9.7%.
Despite heavy investments, Kohl’s (KSS) remains committed to paying dividends to its shareholders. On February 28, 2018, the company announced an 11% hike in its quarterly dividend to $0.61 per share for its shareholders of record as of March 14, 2018. It paid this dividend on March 28, 2018. The company’s annualized dividend per share now stands at $2.44.
Kohl’s Corporation (KSS) beat analysts’ estimates for adjusted EPS (earnings per share) in all quarters of 2017 except for one. For 4Q17, Kohl’s adjusted EPS were was $1.87, topping analysts’ consensus estimate of $1.77. On a reported basis, its EPS rose 95.1% to $2.81 in 4Q17.
In 4Q17, Kohl’s (KSS) reported a gross profit of $2.3 billion, up 10.7% on a YoY (year-over-year) basis, driven by higher revenue. Kohl’s SG&A (selling, general, and administrative) expenses rose 7.3% to $1.5 billion in 4Q17 mainly due to the additional week in 2017. The company’s SG&A expenses as a percentage of its sales improved 40 basis points to 21.5%.
Kohl’s (KSS) reported better sales numbers than analysts’ projections for three of its reported quarters in 2017, but it missed expectations in one quarter. In 1Q17, its sales were $3.8 billion, which missed analysts’ consensus estimate by 1.6%. In 2Q17 and 3Q17, its sales were $4.1 billion and $4.3 billion, respectively, beating analysts’ estimates by 0.4% and 0.8%, respectively.
The company also operates 12 FILA outlet stores and four off-aisle clearance stores. The company considers stores to be a vital component of its sales growth strategy. Kohl’s has also adopted the practice of standard to small strategy, under which it aims to improve inventory management.
With a yield approaching 2%, a low payout ratio, and ample room for future dividend growth, TJX Companies looks like an attractive dividend stock.
Markets tumbled on Friday as concerns over a possible trade war between the U.S. and China escalated once again. This nearly constant turmoil has left many investors desperate to find stability anywhere they can.
Why Has Kohl's Stock Price Surged 23% in 2018? Department store retailer Kohl’s (KSS) has surged 23.4% on a YTD (year-to-date) basis as of April 5, 2018. A robust performance over the holiday season and an improved outlook have been the driving factors of this rise.
Amazon’s (AMZN) expansion in the retail space sent tremors across the industry. Alongside Walmart, large retailers like Costco (COST) and Target (TGT) adjusted their businesses and continue to thrive, especially Costco, which is witnessing double-digit sales and earnings growth.
Talking to CNBC, Target (TGT) CEO Brian Cornell emphasized the fact that stores remain equally crucial in the digital age as retailers allocate their resources to strengthen the digital channel amid the growing threat from Amazon (AMZN). Target is focusing on remodeling its existing stores, and it remodeled 110 stores in fiscal 2017. Target is accelerating the pace of its store remodeling and plans to rebuild about 325 stores in fiscal 2018.
In addition to renewing the lease for its fulfillment hub in Hebron, Kentucky, Groupon (GRPN) is hiring for the facility. Groupon closed 4Q17 with 6,672 employees globally, compared with 7,267 at the end of 4Q16. The drop in Groupon’s global headcount was due to the company ending operations in certain markets.
Although Macy's (M) is not fully immune to retail headwinds, this department store retailer is leaving no stone unturned to be on growth trajectory.
The company argues that a reduction in stores is in sync with the changes that the retail sector is undergoing currently. The company expects most of the store closures to come through natural lease expirations. Under the restructuring plan announced in 2016, the company has shut down 27 retail outlets as of December 31, 2017.
Virtu Financial, Empire State Realty Trust, Dillard's, Burlington Stores and Macy's highlighted as Zacks Bull and Bear of the Day