KSS

6/08/2015

Bought KSS this morning at $63.01.

Kohl’s had an earnings report on May 15, 2015. They beat on their earnings per share by.08 cents but missed on their revenue $4.12 b versus consensus of $4.19. The numbers weren’t to bad but they didn’t give any guidance for the next quarter which they normally do. This is the real problem.

The value is $64.35 based on past earnings. The next support level is at $59.76.

KSS could bounce from here but may hit the $59.72 level before a big recovery. I have a small position.

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