Kohl's Continues Its Turnaround, but Shares Rich
No-moat Kohl’s first-quarter results showed its continued efforts to drive top-line growth, although concerns about the sustainability of these trends coming out of the quarter support our views about the market getting ahead of itself on this name. We but don’t see a material change to our $53 fair value estimate, as the retailing landscape remains competitive. With shares trading at a 15% premium, we think investors should wait for a better margin of safety.Comparable-store sales increased 3....
Kohl's operates department stores, a website (www.Kohls.com), FILA outlets, and Off-Aisle clearance centers. The company's Kohl's stores and website sell proprietary and national brand apparel, footwear, accessories, beauty and home products. The company's website includes merchandise that is available in its stores, as well as merchandise that is available only online. The company's portfolio includes private brands such as Apt. 9, Croft & Barrow, Jumping Beans, SO and Sonoma Goods for Life and exclusive brands that are developed and marketed through agreements with brands such as Food Network, LC Lauren Conrad, Elle and Simply Vera Vera Wang.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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