Kohl's Stock Slips After Revenue Miss

KSS options traders could be in for a disappointing session

Digital Content Manager
Aug 20, 2019 at 9:40 AM
facebook X logo linkedin

Department store issue Kohl's Corporation (NYSE:KSS) stepped into the earnings ring this morning, with second-quarter earnings of $1.55 per share, which beat out analysts' estimates. However, the retailer reported quarterly revenue and comparable-store sales below expectations, citing unseasonably chilly and wet weather. The company also expects full-year gross margin to drop 35 to 45 basis points, partially due to the estimated impact of the next round of U.S. tariffs on Chinese goods. As such, KSS stock is down 1.2% to trade at $47.61.

Kohl's stock touched a nearly two-year low of $43.33 on Aug. 15. The equity subsequently tried to rebound, but failed to fill its Aug. 14 bear gap, which stemmed from ugly guidance from sector peer Macy's (M). 

Currently, the majority of analysts are cautious on Kohl's, with seven of the 12 in coverage calling it a "hold" or worse. The consensus 12-month price target of $60, on the other hand, represents a level the stock hasn't touched since before its post-earnings bear gap in May.

KSS options traders have been much more optimistic ahead of earnings, as demonstrated by the security's 50-day call/put volume ratio of 2.50 on the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio sits in the 95th percentile of its annual range, suggesting a much bigger appetite for bullish bets over bearish during the past 10 weeks. 





Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI