Kohl’s Corp. (NYSE: KSS | KSS Price Prediction) is scheduled to release its fiscal second-quarter financial results before the markets open on Tuesday. The consensus estimates are calling for $1.53 in earnings per share (EPS) and $4.2 billion in revenue. The same period of last year reportedly had $1.76 in EPS and $4.31 billion in revenue.
The firm announced earlier this quarter that it plans to take on more employees during the back-to-school, fall and holiday seasons. As of mid-July, Kohl’s has hired an early wave of seasonal positions across 500 stores, nearly double the number of stores with early hiring positions compared to last year.
All Kohl’s stores, distribution and e-commerce fulfillment centers will begin seasonal hiring later this summer in August. The company is also now hiring for full-time and part-time store associates to support omnichannel and customer service functions.
About 3,000 associates will be brought on for customer service and omnichannel positions.
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Separately, Kohl’s will begin hiring in October to staff its expanded 130-store omni power center pilot with up to 50 seasonal positions per store.
Excluding Monday’s move, Kohl’s had underperformed the broad markets, with its stock down about 31% year to date. In the past 52 weeks, the stock was down closer to 39%.
A few analysts weighed in on Kohl’s ahead of the results:
- Wedbush has a Neutral rating with a $48 price target.
- OTR Global has a Positive rating.
- Atlantic Securities rates it Underweight with a $42 price target.
- UBS has a Neutral rating with a $57 price target.
- Morgan Stanley’s Underweight rating comes with a $50 target.
Shares of Kohl’s traded up over 4% on Monday to $47.58, in a 52-week range of $43.33 to $83.28. The consensus price target is $60.00.
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