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Fly News Breaks for August 13, 2015
KSS
Aug 13, 2015 | 15:36 EDT
BofA/Merrill said Kohl's Q2 miss was due to lower sales and higher SG&A and weakness reflects investor concerns on accelerating comps. The firm believes new programs and incremental loyalty events will drive positive comps, but its second half estimate is slightly below guidance. BofA/Merrill said valuation is compelling and free cash flow remains robust. The firm rates shares a Buy with a lowered price target of $65 on shares, down from $80.
News For KSS From the Last 2 Days
KSS
Apr 17, 2024 | 10:16 EDT
Bearish flow noted in Kohl's with 4,607 puts trading, or 3x expected. Most active are 5/31 weekly 21 puts and Apr-24 23 calls, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 7.58, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 23rd.
