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Dividend Stock Advisor

Kohl's Rises on Under Armour Pact

By David Peltier | 07/26/16 - 12:23 PM EDT
Stocks in Focus: KSS

Kohl’s (KSS:NYSE) is trading 3% higher today, on news that Under Armour (UA:NYSE) is entering a distribution pact with the company. The athletic apparel manufacturer plans to sell its products in 1,100 of the retailer’s locations by 2017. The agreement is expected to build upon Kohl’s recent momentum in activewear and accessories, where sales were up 15% last year.

As a reminder, Kohl’s will announce quarterly results on Aug. 11 and we will provide a full preview of the numbers ahead of the numbers.

At around $41.40, the stock is up 22% from its May lows and we maintain the retailer is attractive to purchase for the 4.85% dividend yield.

Regards,

David S. Peltier

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