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home / news releases / kohl s negative on sales outlook


M - Kohl's: Negative On Sales Outlook

2024-06-03 13:04:04 ET

Summary

  • I gave a sell rating due to KSS's weak sales momentum and a change in strategy that has had a negative impact.
  • KSS reported poor 1Q24 results with lower comparable sales growth and a downgrade in earnings and sales growth outlook.
  • The stock is trading at a premium to its peers despite weaker performance, and a more appropriate valuation would be around 10x forward P/E, implying a 20% downside.

Investment Summary

For further details see:

Kohl's: Negative On Sales Outlook
Stock Information

Company Name: Macy's Inc
Stock Symbol: M
Market: NYSE

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