Credit Suisse: Kohl’s (NYSE:KSS) has the potential to pick up some market share from J.C. Penney
Kohl’s Corporation (NYSE:KSS) lost more than 10%yesterday after the department store operator reported an unexpected fall in a key November revenue figure. The company said that its sales at stores open at least a year moved down 5.6 percent in November. Analysts polled by Thomson Reuters projected a 1.9 percent growth in the revenue.
Credit Suisse analyst Michael Exstein said in a note sent to clients that Kohl’s November sales at stores open at least a year performance failed to meet his estimate. The analyst also said that Kohl’s amid other firms including Target Corp., Wal-Mart Stores Inc. and Macy’s Inc. could increase some market share from J.C. Penney Co. during the holiday season as Penney’s transitional period continues.
During the recent trading activity Kohl’s Corporation (NYSE:KSS) held volume of 20.64 million shares with 234.51 million shares outstanding and 217.53 million shares floated in market. P/E ratio of the company was 10.35 and in the past twelve months company scored revenue of $1.06 billion and had $1.06 billion in earnings. The stock gave a gross margin of +37.22% whereas operating margin was +10.59%.
Kohl’s kicked off the trading session at $46.00 and during the session slipped -11.98% and finally settled at $45.02. The latest dividend per share paid to stockholders in recent quarter, also known as div/yield was 2.84% for the firm. Beta value, the measure of stock’s risk in relation to its market or alternative benchmark was 0.85.
The services sector firm’s top rivals include Target Corporation (NYSE:TGT) that fell -0.03% to $62.79 with the total traded volume of 8.91 million shares and The TJX Companies, Inc. (NYSE:TJX) that surged 0.18% to $44.12 with the total traded volume of 5.52 million shares.
KSS is ahead of its 52 weeks low with 6.02% and lagging behind from its 52 weeks high price with -18.52%. KSS’s last month’s stock price volatility remained 1.93%. The stock price of KSS is moving down from its 20 days moving average with -14.16% and remote negatively from 50 days moving average with -13.62%.