Kohl’s Corporation (NYSE:KSS) presently forecasts fiscal Q2 earnings at the low end of its previous view as the department store operator announced that same-store sales moved down 4.2% during June, a major decline than analysts had feared.
Thomson Reuters analysts survey recently anticipate a June same-store sales moved down of 3.2%.
Chairman and Chief Executive Officer Kevin Mansell reported that though June sales were again below forecasts, they were supported by higher sales in the latter weeks of the month as they continued to build inventory levels.
Kohl’s presently anticipates Q2 per-share earnings at the low end of its May forecast of 96 cents to $1.02.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Sears Holdings Corporation (NASDAQ:SHLD) increased +2.62% to settle at $61.81, J.C. Penney Company, Inc. (NYSE:JCP) moved up +2.83% to end at $22.50 while Macy’s, Inc. (NYSE:M) jumped +2.73% to finish on Thursday at $34.27.
Kohl’s Corporation (NYSE:KSS) on July 05, 2012 increased +6.26% to the closing price of $47.03. The overall volume in the last trading session was 7.59 million shares. Its fifty two week range was $42.14-$57.39. The total market capitalization remained $11.28 billion.
KSS is ahead its 52 week low with +13.72% and lagging behind from its 52 week high price with -16.03%. KSS last month stock price volatility remained 2.41%. In its share capital KSS has 239.79 million outstanding shares among them 221.88 million shares have been floated in market exchange. KSS stock institutional ownership remained 90.48% while insider ownership included 1.27%.
The stock price of KSS is moving forward from its 20 days moving average with +6.51% and remote positively from 50 days moving average with +0.79%. KSS current year earnings per share experienced an addition with 17.65% while its current quarter performance remained -8.87%. Company’s beta coefficient included 0.85. Beta factors measures the amount of market risk associated with market trade.
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