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Kohl's Stock Eyes Worst Day Since 2020 After Earnings
KSSKohl’s(KSS) Schaeffers Investment Research·2024-11-26 15:20

Kohl's Corp (NYSE:KSS) stock is down 19.9% to trade at 14.71atlastglance,aftertheretailer′sthird−quarterearningsandrevenuemissedestimates.ThecompanyalsorevealedMichaelsCEOAshleyBuchananwillreplaceitscurrentCEOTomKingsbury,effectiveJan.15.Inresponsetotheresults,J.P.MorganSecuritiescutitspricetargetto14.71 at last glance, after the retailer's third-quarter earnings and revenue missed estimates. The company also revealed Michaels CEO Ashley Buchanan will replace its current CEO Tom Kingsbury, effective Jan. 15. In response to the results, J.P. Morgan Securities cut its price target to 13 from 17.KSSgappedtoafreshfour−yearlowof17.KSS gapped to a fresh four-year low of 14.53 earlier, after running into familiar overhead pressure at the $19 level. Shares have also struggled with res ...