NEW YORK (TheStreet) -- Kohl's (KSS - Get Report) stock tumbled on Thursday after the retailer reported earnings and revenue lower than analysts expected over its first quarter. At market close, shares were down 3.4% to $52.21.
The department chain earned 60 cents a share in its first quarter, 2 cents below estimates according to analysts surveyed by Thomson Reuters.
Revenue of $4.07 billion fell 3.1% year over year and missed forecasts of $4.22 billion. Comparable-store sales dropped 3.4% compared to analysts' forecasts of 0.2% growth.
Must Read: Why Plug Power (PLUG) Stock Is Up Today
Must Read: Warren Buffett's 10 Favorite Growth Stocks
TheStreet Ratings team rates KOHL'S CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate KOHL'S CORP (KSS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
- You can view the full analysis from the report here: KSS Ratings Report