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The Latest Breaking News from KSS

Kohl's Corp (NYSE: KSS) shares are trading higher Tuesday after the company's board announced it has entered into exclusive negotiations with Franchise Group in relation to the Group's proposal to acquire Kohl's for $60 per share.

Benzinga

Why Kohl's Shares Are Surging Today

Kohl's Corp (NYSE:KSS) Board of Directors has entered into exclusive negotiations with Franchise Group Inc (NASDAQ:FRG) over the potential sale. Franchise's bid of $60 per share constitutes a 42.5% premium to Kohl's closing price of $42.12 on June 6. Related: Sycamore, Franchise Group Submit Bids for Kohl's: WSJ The discussion will go on for three weeks to…

Benzinga

Sycamore, Franchise Group Submit Bids for Kohl's: WSJ

Kohl’s Corp (NYSE:KSS) has received takeover bids form from private-equity firm Sycamore Partners and retail holding company Franchise Group, Inc (NASDAQ:FRG), the Wall Street Journal reported. Sycamore proposed $50 a share, and Franchise Group offered $60 per share, the report noted, valuing the company between $7 billion - $8 billion. The bidders had previously said…

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Kiva Sales And Service Secures Distribution Partnership With Pacific Stone

Pacific Stone, entered into an exclusive partnership with Kiva Sales and Service (KSS). KSS, the industry-leading sales and distribution platform offering dispensaries a complete suite of curated best in class brands, will distribute Pacific Stone products across The Golden State.

Benzinga

What's Going On With Kohl's Shares Today

Bidders seeking to acquire Kohl's Corp (NYSE:KSS) are likely to make offers lower than their initial ones to reflect the market downturn, Reuters reported. The potential purchasers, including private equity firm Sycamore Partners, brand holding firm Franchise Group, J.C. Penney investors Simon Property Group, Inc. (NYSE:SPG), and Brookfield Asset Management Inc (NYSE:BAM), intend to lower their offers…

Benzinga

3 Cheap Mid-Cap Stocks That Yield More Than 4%

As the inflationary environment and recession concerns could keep the overall stock market under pressure, it could be wise to bet on quality mid-cap stocks New Residential Investment (NRZ), International Game Technology (IGT), and Kohl's Corporation (KSS). These stocks yield more than 4% and are currently trading at discounts to…

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Multiple Bidders, Key Executives Departure, Mixed Q1 Earnings - Lots Going On With Kohl's

Kohl's Corp (NYSE:KSS) reported a first-quarter FY22 sales decline of 4.4% year-on-year to $3.71 billion, beating the consensus of $3.68 billion. Gross margin for the quarter contracted by 69 basis points to 38.3%. The operating margin was 2.2%, and operating income for the quarter declined 70% Y/Y to $82 million. Selling, general and…

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What 4 Analyst Ratings Have To Say About Kohl's

Analysts have provided the following ratings for Kohl's (NYSE:KSS) within the last quarter:

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What's Going On With Kohl's Shares Today

Kohl's Corp (NYSE:KSS) shareholders have voted to re-elect all thirteen of the company's director nominees at the 2022 Annual Meeting of Shareholders. "We would like to thank our shareholders for their support throughout this proxy contest," said Peter Boneparth, Chairman of the Board. The preliminary result means that shareholders have voted down Macellum Advisors' director…

Benzinga

Analyst Ratings for Kohl's

Within the last quarter, Kohl's (NYSE:KSS) has observed the following analyst ratings:

Benzinga

Kohl's Receives $9B Buyout Offer From Franchise Group: Reuters

Kohl’s Corp (NYSE:KSS) has received a $9 billion buyout offer from Franchise Group Inc (NASDAQ:FRG), Reuters reported. The report specified that the franchise Group plans to pay $69 per share of Kohl’s. Kohl’s, under pressure from activist hedge funds regarding a sale, will now have more options with Franchise’s entry. The report also noted Hudson's Bay…

Benzinga

Kohl's Extends Credit Card Partnership With Capital One

Kohl's Corp (NYSE:KSS) and Capital One, a subsidiary of Capital One Financial Corp (NYSE:COF), have signed a multi-year extension of their credit card program agreement. The second contract extension will provide highly compelling products to Kohl's millions of customers. The two companies have also agreed to a co-branded card product piloted as early as 2023.…

Benzinga

Why Are Kohl's Shares Trading Higher Today

Hudson's Bay, the owner of American luxury department store chain Saks Fifth Avenue, is planning a bid for the department store chain Kohl's Corp (NYSE:KSS), Reuters reported. Related: Kohl's Dismisses Takeover Offers: What Investors Need To Know In another development, Engine Capital LP issued a letter to the board of Kohl's, urging the sale of the…

Benzinga

Analyst Ratings For Kohl's

Over the past 3 months, 5 analysts have published their opinion on Kohl's (NYSE:KSS) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

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Kohl's Plans To Open New Smaller Format Stores, Grow Sephora Business

Kohl’s Corp (NYSE:KSS) provided a long-term financial target update, expecting low-single digits percent sales growth and mid-to-high single digits percent EPS growth. The company aims to grow the Sephora business to $2 billion through an expanded store rollout to 850 stores. The company also plans to acquire new customers with Amazon.Com Inc (NASDAQ:AMZN) Amazon…

Benzinga

Why Are Kohl's Shares Trading Higher Today

Kohl's Corp (NYSE:KSS) reported fourth-quarter FY21 sales growth of 5.8% year-on-year, to $6.499 billion, missing the consensus of $6.54 billion. Gross margin for the quarter expanded by 124 basis points to 33.2%. The operating margin was 6.9%, and operating income for the quarter rose 42.4% Y/Y to $450 million. Selling, general and administrative…

Benzinga

Kohl's: Q4 Earnings Insights

Kohl's (NYSE:KSS) reported its Q4 earnings results on Tuesday, March 1, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Benzinga

A Preview Of Kohl's's Earnings

Kohl's (NYSE:KSS) is set to give its latest quarterly earnings report on Tuesday, 2022-03-01. Here's what investors need to know before the announcement. Analysts estimate that Kohl's will report an earnings per share (EPS) of $2.12.

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Expert Ratings For Kohl's

Over the past 3 months, 6 analysts have published their opinion on Kohl's (NYSE:KSS) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Benzinga

Kohl's Dismisses Takeover Offers: What Investors Need To Know

Kohl's Corporation (NYSE: KSS) has swatted away a pair of unsolicited inquiries for acquisition by insisting the offers were insufficient.

Benzinga

Why Kohl's Shares Are Soaring Today

Kohl's Corp (NYSE: KSS) is trading significantly higher Monday morning following media reports suggesting multiple funds are interested in acquiring the company.

Benzinga

This Is How One Large Options Trader Expects Kohl's To Move

Shares of Kohl's Corporation (NYSE: KSS) jumped more than 4% on Tuesday on news of activist investor Macellum Advisors, which owns a stake of around 5% in the department-store chain, urging the company to make changes to boost its share price.

Benzinga

Why Kohl's Shares Are Rising Today

Kohl's Corp (NYSE: KSS) is trading higher Tuesday after the company announced its shareholder, Macellum Advisors, issued a letter to Kohl's shareholders urging the company to make changes to its board of directors or explore a sale if it's unable to make other changes to boost i

Benzinga

Activist Investor To Kohl's: Change Your Board Or Sell The Company

For the second time within a year, an activist investor is agitating for Kohl’s Inc. (NYSE: KSS) to reanimate its lagging stock performance by either changing the membership of its board of directors or selling the company.

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