
Kohl's (KSS) Stock Leaps on Better-Than-Expected Quarterly Results, Jim Cramer's View
NEW YORK (TheStreet) -- Kohl's Corp. (KSS) - Get Report shares are spiking 6.36% to $45.90 on Thursday after the retailer this morning released robust third quarter fiscal 2015 financial data that exceeded analysts' projections.
For the latest quarter ended October 31, the company earned 75 cents a share on revenue of $4.43 billion.
Analysts had predicted the retailer to earn 69 cents a share on sales of $4.4 billion.
During the third quarter of 2014, the company earned 70 cents a share on revenue of $4.37 billion.
TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio, commented on Kohl's earnings saying: "Kohl's has worked its way toward a more distinctive private label business that can be very lucrative and it doesn't have the strong dollar problem that Macy's (M) has where a decline in tourism has hurt its flagship herald square store in Manhattan. Still, I see no real catalyst and we continue to underweight retail for my charitable trust."
Along with the quarterly figures, CEO Kevin Mansell stated, "Our 1% increase in sales was driven by strong back-to-school and late October selling periods offset by a weak September."
In addition, the company yesterday declared a quarterly cash dividend on its stock of 45 cents a share. This is payable December 23, 2015 to shareholders of record at the close of business on December 9, 2015.
Based in Menomonee Falls, WI, Kohl's operates department stores in the U.S. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers.
Separately, TheStreet Ratings team rates KOHL'S CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
We rate KOHL'S CORP (KSS) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself.
You can view the full analysis from the report here: KSS
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