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KSS $14.17

KSS target price
14.17
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89
Kohl's Corporation
Type
Public
Traded as NYSE: KSS
S&P 500 Component
Industry Retail
Founded September 12, 1962 (55 years ago) (1962-09-12)
Milwaukee, Wisconsin, U.S.
Founder Maxwell Kohl
Headquarters Menomonee Falls, Wisconsin, U.S.
Number of locations
1,155 (Q3 2016)
Key people
Kevin Mansell (Chairman, CEO)
Products Clothing, footwear, bedding, furniture, jewelry, beauty products, electronics, and housewares.
Revenue
  • Decrease US$18.686 billion (2016)
  • Increase US$19.204 billion (2015)
Operating income
  • Decrease US$1.183 billion (2016)
  • Decrease US$1.553 billion (2015)
Net income
  • Decrease US$556 million (2016)
  • Decrease US$673 million (2015)
Total assets
  • Decrease US$13.574 billion (2016)
  • Decrease US$13.606 billion (2015)
Total equity
  • Decrease US$5.177 billion (2016)
  • Decrease US$5.491 billion (2015)
Number of employees
138,000 (2016)
Website www.kohls.com

Kohl's is an American department store retailing chain. The first Kohl's store was a corner grocery store opened in Milwaukee, Wisconsin in 1927 by Maxwell Kohl. The company's first department store opened in September 1962. British American Tobacco Company took a controlling interest in the company in 1972, and in 1979, the Kohl family left the management of the company. A group of investors purchased the company in 1986 from British-American Tobacco and took it public in 1992.

The company is headquartered in the Milwaukee suburb of Menomonee Falls, Wisconsin, operating 1,162 stores in 49 states. Kohl's is America's largest department store chain by the number of stores as of February 2013—surpassing its biggest competitor, J. C. Penney in May 2012. In 1998, it entered the S&P 500 list, and is also listed in the Fortune 500 (#146 in 2012). The chain was the 20th-largest retailer in the United States in 2013 in terms of revenue. As of 2013, Kohl's was the second largest U.S. department store company by retail sales.

Maxwell Kohl, who had operated traditional grocery stores since 1927, built his first supermarket in 1946, the first in what would become a southeastern Wisconsin chain known as Kohl's Food Stores. In 1962, after building Kohl's Food Stores into the largest supermarket chain in the Milwaukee area, Kohl opened his first department store, Kohl's Department Store, in Brookfield, Wisconsin. He positioned Kohl's between the higher-end department stores and the discounters, selling everything from candy to engine oil to sporting equipment.

In 1972 the British-American Tobacco Company's U.S. retail division, BATUS Inc., bought a controlling interest in Kohl's Corporation, which at the time operated 50 grocery stores, six department stores, three drug stores and three liquor stores. The Kohl family, led by Allen and Herb Kohl, continued to manage the company. The family left the management in 1979, and Herbert Kohl became a United States Senator and owner of the Milwaukee Bucks. The firm then expanded Kohl's presence from 10 to 39 stores in Wisconsin, Illinois and Indiana. The grocery stores were sold to A&P in 1983, operating under the name Kohl's Food Store, and later Kohl's Food Emporium. In February 2003, A&P put the Kohl's Food Stores up for sale, as part of an effort to reduce debt. In 2003, A&P closed all Kohl's Food Stores locations.

A group of investors led by the senior management, purchased the company consisting of 40 department stores, in 1986. The company added 27 more stores over the next two years. In 1988, the chain acquired 26 locations from Chicago-based MainStreet, gaining several stores in Chicago's suburbs, Minneapolis-St. Paul, and parts of Michigan. Kohl's completed its initial public offering on May 19, 1992 and began trading on the New York Stock Exchange under the symbol KSS.

During the 2000s, Kohl's expanded nationwide to 49 states. Building from 76 stores in the Midwest in 1992, Kohl's expanded into California in 2003 with 28 new stores, the Pacific Northwest in 2006 with 10 new stores, and the Southeast with 43 new stores opening between 2005 and 2008.

To raise money to repurchase its stock and open new stores, Kohl's sold its credit card division in 2006 to J.P. Morgan Chase for $1.5 billion. In 2011, Kohl's replaced Chase with Capital One as their private credit card processing partner for an undisclosed sum.

In 2007, Kohl's began selling a diffusion line from designer Vera Wang called Simply Vera. Since then, it has also sold diffusion lines from other high-end designers including Narciso Rodriguez and Peter Som.

Newsweek magazine ranked Kohl's 18th out of 500 overall and first in its industry in its 2009 "Green Rankings", an examination of 500 of the largest corporations on their environmental track records. Newsweek remarked that Kohl's had the largest solar power program of any retailer globally, it pursues green building certification, and over 78 locations in six states have solar panels. In 2008, Kohl's started to sell reusable shopping bags.

In 2012, Kohl's was awarded 62.5 million dollars in tax credits the same year from the Wisconsin Economic Development Corporation. The retailer was to create 3,000 jobs with the funds, but only created 473. In the same year, Kohl's requested financing from Menomonee Falls, Wisconsin to finance the building of a new headquarters in the municipality. Kohl's received 2 million dollars, the first of five installments that would equal a total payout of 12 million dollars, and then backed out of the transaction.

In 2015, Kohl's opened a test store built around selling only returned, yet as new clothing, home goods, jewelry, and accessories. The store, called Off/Aisle by Kohl's, sells items at a marked down price. The stores have a restrictive return policy different from regular Kohl's stores.

In 2017, Lauren Conrad launched a line of affordable swimwear at Kohl's.

In early January 2017, Kohl's shares fell 19% in value, in what The Wall Street Journal said was "the stock's worst day on record."

Kohl's uses a "racetrack" aisle that circles the entire store, a technique borrowed from discount stores. In 2011, Kohl's announced plans to remodel 100 of its 1,100 locations. Changes included redone store sections, fitting rooms, and newer merchandise displays. In 2012, a consumer investigation by CBS News discovered that Kohl's had engaged in the practice of marking up products in the weeks before a sale in order to make products appear as if they were being sold at discounted prices and artificially inflating the amount of the price mark-down.

Kohl's private brands, which include Sonoma, Croft & Barrow, and Apt.9 generate nearly half of the firm's $19 billion in annual sales. Kohl's has plans to re-launch and reimagine the billion-dollar Sonoma brand for apparel and home goods.

In 2009, Kohl's hired New York City advertising agency DeVito/Verdi to strengthen the Kohl's brand via a series of national television and online/social media campaigns. One of the brand campaigns featured American professional athletes.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2023 2022-11-17 0.82 0.82
Q2 2023 2022-08-18 1.11 1.11
Q1 2023 2022-05-19 0.11 0.11
Q4 2022 2022-03-01 2.20 2.20
Q3 2022 2021-11-18 1.65 1.65
Q2 2022 2021-08-19 2.48 2.48
Q1 2022 2021-05-20 1.05 1.05
Q4 2021 2021-03-02 1.07 1.07
Q3 2021 2020-11-17 0.01 0.01
Q2 2021 2020-08-18 -0.25 -0.25

Ratings

2016-06-28 Reiterated Rating Robert W. Baird Outperform
2016-06-10 Reiterated Rating Argus Hold
2016-05-20 Reiterated Rating Piper Jaffray Overweight $66.00
2016-05-20 Reiterated Rating Piper Jaffray Cos. Overweight $66.00
2016-05-16 Reiterated Rating Sterne Agee CRT Neutral
2016-05-14 Reiterated Rating Cowen and Company Market Perform $47.00 to $40.00
2016-05-14 Reiterated Rating Morgan Stanley Sell
2016-05-14 Reiterated Rating Telsey Advisory Group Buy
2016-05-14 Reiterated Rating Citigroup Inc. Hold
2016-05-14 Reiterated Rating MKM Partners Hold
2016-05-13 Lower Price Target Citigroup Inc. Neutral $44.00 to $36.00
2016-05-13 Lower Price Target Stifel Nicolaus Buy $54.00 to $45.00
2016-05-13 Lower Price Target RBC Capital Underperform $42.00 to $37.00
2016-05-13 Lower Price Target Telsey Advisory Group Outperform $55.00 to $44.00
2016-05-13 Lower Price Target Royal Bank Of Canada Underperform $42.00 to $37.00
2016-05-12 Reiterated Rating Robert W. Baird Buy
2016-05-10 Reiterated Rating Jefferies Group Buy
2016-05-09 Lower Price Target MKM Partners Neutral $49.00 to $44.00
2016-05-03 Initiated Coverage RBC Capital Sector Perform to Underperform $42.00
2016-04-25 Reiterated Rating Deutsche Bank Hold $44.00
2016-04-25 Reiterated Rating Deutsche Bank AG Hold $44.00
2016-04-19 Reiterated Rating Stifel Nicolaus Buy $54.00
2016-04-01 Reiterated Rating Credit Suisse Hold $42.00
2016-04-01 Reiterated Rating Credit Suisse Group AG Hold $42.00
2016-03-31 Initiated Coverage Miller Tabak Buy $61.00
2016-03-11 Reiterated Rating Jefferies Group Buy $53.00 to $57.00
2016-02-29 Lower Price Target Deutsche Bank Hold $47.00 to $44.00
2016-02-27 Reiterated Rating Telsey Advisory Group Buy
2016-02-26 Boost Price Target Telsey Advisory Group Outperform $49.00 to $54.00
2016-02-26 Reiterated Rating Cowen and Company Market Perform
2016-02-20 Reiterated Rating Robert W. Baird Overweight $54.00
2016-02-06 Reiterated Rating Citigroup Inc. Hold
2016-02-05 Reiterated Rating Nomura Buy $62.00 to $52.00
2016-02-05 Lower Price Target JPMorgan Chase & Co. $50.00 to $45.00
2016-02-05 Lower Price Target Goldman Sachs $42.00 to $40.00
2016-02-05 Downgrade Atlantic Securities Neutral to Underweight
2016-02-05 Reiterated Rating Nomura Holdings Inc. Buy $62.00 to $52.00
2016-02-05 Lower Price Target Goldman Sachs Group Inc. $42.00 to $40.00
2016-02-04 Lower Price Target Sterne Agee CRT Neutral $49.00 to $42.00
2016-02-04 Lower Price Target Jefferies Group Buy $58.00 to $52.00
2016-02-04 Reiterated Rating Stifel Nicolaus Buy $54.00
2016-02-04 Downgrade MKM Partners Buy to Neutral $57.00 to $47.00
2016-02-02 Upgrade Buckingham Research Neutral to Buy $62.00
2016-02-01 Lower Price Target Deutsche Bank Hold $57.00 to $56.00
2016-01-19 Lower Price Target Robert W. Baird $60.00 to $57.00
2016-01-12 Reiterated Rating Stifel Nicolaus Buy $56.00
2016-01-06 Reiterated Rating Buckingham Research Neutral $48.00 to $52.00
2015-12-03 Reiterated Rating Evercore ISI Hold
2015-11-12 Boost Price Target MKM Partners $57.00
2015-11-12 Reiterated Rating Stifel Nicolaus Buy $56.00
2015-11-11 Lower Price Target Jefferies Group Buy $61.00 to $57.00
2015-11-10 Lower Price Target MKM Partners Buy $69.00 to $56.00
2015-11-09 Reiterated Rating Deutsche Bank Hold $61.00 to $55.00
2015-10-30 Reiterated Rating Credit Suisse Hold
2015-10-28 Lower Price Target Credit Suisse Neutral $64.00 to $42.00
2015-10-26 Reiterated Rating Nomura Buy $65.00
2015-10-21 Lower Price Target Jefferies Group Buy $69.00 to $61.00
2015-10-17 Reiterated Rating Telsey Advisory Group Buy
2015-10-16 Lower Price Target Telsey Advisory Group Outperform $75.00 to $60.00
2015-10-07 Initiated Coverage Citigroup Inc. Neutral $50.00
2015-10-01 Reiterated Rating Morgan Stanley Underweight $53.00 to $45.00
2015-09-25 Reiterated Rating Piper Jaffray Overweight $73.00
2015-09-20 Reiterated Rating Stifel Nicolaus Buy $65.00
2015-09-10 Reiterated Rating Piper Jaffray Buy $73.00
2015-08-16 Reiterated Rating Telsey Advisory Group Buy
2015-08-15 Reiterated Rating Deutsche Bank Hold $67.00 to $61.00
2015-08-14 Lower Price Target Jefferies Group Buy $72.00 to $69.00
2015-08-14 Lower Price Target BMO Capital Markets Market Perform $70.00 to $62.00
2015-08-14 Lower Price Target MKM Partners Buy $82.00 to $69.00
2015-08-14 Lower Price Target Telsey Advisory Group Outperform $80.00 to $75.00
2015-08-07 Reiterated Rating Jefferies Group Buy $82.00 to $72.00
2015-08-06 Lower Price Target Sterne Agee CRT Neutral $64.00
2015-06-19 Reiterated Rating Deutsche Bank Hold $67.00
2015-05-18 Lower Price Target BMO Capital Markets Market Perform $79.00 to $70.00
2015-05-17 Reiterated Rating Stifel Nicolaus Buy $85.00 to $80.00
2015-05-15 Lower Price Target MKM Partners Buy $87.00 to $82.00
2015-05-14 Reiterated Rating MKM Partners Buy $87.00 to $87.00
2015-05-14 Reiterated Rating Telsey Advisory Group Outperform $80.00
2015-05-14 Downgrade Sterne Agee CRT Buy to Neutral $85.00
2015-05-12 Boost Price Target Jefferies Group Buy $82.00 to $85.00
2015-04-07 Boost Price Target MKM Partners Buy $77.00 to $87.00
2015-02-27 Upgrade Telsey Advisory Group Market Perform to Outperform $68.00 to $80.00
2015-02-27 Boost Price Target Maxim Group Buy $68.00 to $77.00
2015-02-09 Reiterated Rating JPMorgan Chase & Co. Hold $55.00 to $65.00
2015-02-05 Boost Price Target Telsey Advisory Group Market Perform $65.00 to $68.00
2015-02-04 Set Price Target Stifel Nicolaus Buy $68.00
2015-02-04 Boost Price Target MKM Partners Buy $65.00 to $77.00
2015-02-03 Boost Price Target Jefferies Group Buy $71.00 to $76.00
2015-02-02 Initiated Coverage Evercore ISI Hold
2015-01-30 Boost Price Target Deutsche Bank Hold $57.00 to $64.00
2015-01-07 Boost Price Target Jefferies Group Buy $65.00 to $68.00
2014-12-16 Initiated Coverage Cowen and Company Market Perform $64.00
2014-12-09 Boost Price Target JPMorgan Chase & Co. Neutral $50.00 to $55.00
2014-12-01 Boost Price Target Deutsche Bank Hold $52.00 to $57.00
2014-11-14 Reiterated Rating Jefferies Group Buy $66.00 to $65.00
2014-11-10 Downgrade Barclays Equal Weight to Sell $50.00 to $30.00
2014-11-10 Downgrade Barclays PLC Equal Weight to Sell $50.00 to $30.00
2014-10-28 Lower Price Target MKM Partners Buy $69.00 to $65.00
2014-10-28 Reiterated Rating JPMorgan Chase & Co. Neutral $55.00 to $50.00
2014-10-28 Reiterated Rating Deutsche Bank Hold $52.00 to $55.00
2014-10-28 Reiterated Rating Maxim Group Buy
2014-09-18 Upgrade Citigroup Inc. Neutral to Buy $63.00 to $70.00
2014-09-17 Boost Price Target MKM Partners Buy $64.00 to $69.00
2014-09-03 Upgrade Maxim Group Hold to Buy $48.00 to $68.00
2014-08-22 Boost Price Target Stifel Nicolaus Buy $60.00 to $68.00
2014-08-21 Upgrade Gilford Securities Neutral to Buy
2014-08-21 Boost Price Target JPMorgan Chase & Co. $55.00 to $62.00
2014-08-15 Reiterated Rating MKM Partners Buy $63.00 to $64.00
2014-08-15 Reiterated Rating Nomura Buy $62.00 to $65.00
2014-08-14 Boost Price Target Sterne Agee CRT Buy $61.00 to $62.00
2014-08-14 Boost Price Target Deutsche Bank Hold $52.00 to $56.00
2014-08-12 Boost Price Target Jefferies Group Buy $62.00 to $64.00
2014-05-16 Lower Price Target Jefferies Group $65.00 to $62.00
2014-05-15 Lower Price Target Sterne Agee CRT $65.00 to $61.00
2014-05-15 Lower Price Target Deutsche Bank $54.00 to $52.00
2014-02-27 Boost Price Target MKM Partners Buy $59.00 to $63.00
2014-02-27 Upgrade Sterne Agee CRT Neutral to Buy
2014-02-19 Initiated Coverage Citigroup Inc. Neutral $55.00
2014-02-12 Initiated Coverage Nomura Buy $57.00
2014-02-06 Reiterated Rating Goldman Sachs Sell
2014-01-16 Boost Price Target Deutsche Bank Hold $50.00 to $54.00
2013-12-05 Upgrade Bank of America Neutral to Buy $60.00 to $65.00
2013-11-15 Lower Price Target Sterne Agee CRT Neutral $54.00 to $51.00
2013-11-15 Reiterated Rating Goldman Sachs Sell
2013-11-15 Downgrade BMO Capital Markets Outperform to Market Perform $66.00 to $55.00
2013-11-13 Boost Price Target Jefferies Group Buy $67.00
2013-11-04 Upgrade UBS Neutral to Buy $54 to $69
2013-11-04 Boost Price Target JPMorgan Chase & Co. Neutral $48.00 to $55.00
2013-10-22 Upgrade Deutsche Bank Sell to Hold $46.00 to $50.00
2013-10-01 Boost Price Target Barclays Overweight $57.00 to $60.00
2013-09-24 Reiterated Rating Jefferies Group Buy $63.00
2013-05-17 Reiterated MKM Partners Buy $54 to $61
2012-09-12 Upgrade Deutsche Bank Hold to Buy $49 to $62
2011-05-13 Reiterated FBR Capital Mkt Perform $58 to $55
2010-10-06 Initiated FBR Capital Mkt Perform
2010-01-06 Initiated Sterne Agee Buy $65
2016-06-28 Reiterated Rating Robert W. Baird Outperform
2016-06-10 Reiterated Rating Argus Hold
2016-05-20 Reiterated Rating Piper Jaffray Overweight $66.00
2016-05-20 Reiterated Rating Piper Jaffray Cos. Overweight $66.00
2016-05-16 Reiterated Rating Sterne Agee CRT Neutral

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
MANSELL KEVIN Chairman, President, CEO 0.17%  (351513) KSS /
Chawla Sona Chief Operating Officer 0.13%  (265382) EXPR / KMX / KSS / WAG /
Gass Michelle Chief Customer Officer 0.12%  (248519) CI / KSS / SBUX /
SCHEPP RICHARD D Sr. EVP HR Gen. Couns. Sec. 0.10%  (196442) KSS /
BRENNAN DONALD Chief Merchandising Officer 0.08%  (162549) KSS /
BESANKO BRUCE H Chief Financial Officer 0.07%  (138228) KSS / SVU /
BONNING KENNETH Sr. Executive Vice President 0.05%  (111325) KSS /
MCDONALD WESLEY S Sr. Exec. Vice President, CFO 0.04%  (90017) KSS /
ESKENASI PEGGY Sr. Executive Vice President 0.04%  (84334) KSS /
SICA FRANK V 0.01%  (23033) CSGS / JBLU / KSS / NRF /
BURD STEVEN A 0.01%  (19245) HAWK / KSS /
STREETER STEPHANIE A 0.01%  (17814) GT / KSS / LBY /
Humrichouse Ximena G 0.01%  (16868) CMA / CNK / KSS /
SCHLIFSKE JOHN E. 0.01%  (15815) KSS /
SOMMERHAUSER PETER M 0.01%  (14998) KSS /
BONEPARTH PETER 0.01%  (12800) JBLU / KSS /
PRISING JONAS 0.01%  (12642) KSS / MAN /
JONES DALE E 0.01%  (12336) KSS /
WATSON STEPHEN E 0.01%  (12213) CHS / KSS / RGS /